Compania de Minas Buenaventura SAA (NYSE:BVN) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of Compania de Minas Buenaventura SAA (NYSE:BVN) from a hold rating to a buy rating in a research note released on Tuesday morning, ValuEngine reports.

Separately, Zacks Investment Research raised shares of Compania de Minas Buenaventura SAA from a sell rating to a hold rating in a research note on Monday, August 26th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Compania de Minas Buenaventura SAA presently has an average rating of Hold and a consensus price target of $18.00.

BVN opened at $15.25 on Tuesday. Compania de Minas Buenaventura SAA has a twelve month low of $13.77 and a twelve month high of $17.85. The company has a quick ratio of 1.43, a current ratio of 1.73 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $14.99 and a 200 day moving average price of $15.32. The company has a market cap of $3.78 billion, a PE ratio of 47.66 and a beta of 0.45.

Compania de Minas Buenaventura SAA (NYSE:BVN) last released its quarterly earnings results on Tuesday, October 29th. The mining company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.10). Compania de Minas Buenaventura SAA had a positive return on equity of 1.92% and a negative net margin of 2.91%. The company had revenue of $230.20 million for the quarter, compared to analyst estimates of $224.91 million. During the same quarter last year, the company earned ($0.04) EPS. The firm’s revenue for the quarter was down 14.4% on a year-over-year basis. As a group, sell-side analysts expect that Compania de Minas Buenaventura SAA will post 0.41 earnings per share for the current year.

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, November 25th will be paid a dividend of $0.026 per share. The ex-dividend date of this dividend is Friday, November 22nd. Compania de Minas Buenaventura SAA’s dividend payout ratio is presently 15.63%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Compania de Minas Buenaventura SAA by 1.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 654,794 shares of the mining company’s stock worth $10,915,000 after buying an additional 7,424 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Compania de Minas Buenaventura SAA by 11.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 208,655 shares of the mining company’s stock valued at $3,478,000 after purchasing an additional 20,900 shares during the last quarter. Aviva PLC boosted its stake in Compania de Minas Buenaventura SAA by 19.2% during the 2nd quarter. Aviva PLC now owns 65,032 shares of the mining company’s stock valued at $1,084,000 after purchasing an additional 10,460 shares during the last quarter. KBC Group NV boosted its stake in Compania de Minas Buenaventura SAA by 4.3% during the 2nd quarter. KBC Group NV now owns 126,870 shares of the mining company’s stock valued at $2,115,000 after purchasing an additional 5,273 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Compania de Minas Buenaventura SAA by 2.2% during the 2nd quarter. Janus Henderson Group PLC now owns 537,261 shares of the mining company’s stock valued at $8,956,000 after purchasing an additional 11,592 shares during the last quarter. 59.12% of the stock is owned by institutional investors.

About Compania de Minas Buenaventura SAA

Compañía de Minas Buenaventura SAA., a precious metals company, engages in the exploration, mining, and processing of gold, silver, lead, zinc, and copper metals in Peru, the United States, Europe, and Asia. The company operates five operating mining units, including Uchucchacua, Orcopampa, Julcani, Mallay, and Tambomayo in Peru; and San Gabriel, a mining unit under development stage.

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Analyst Recommendations for Compania de Minas Buenaventura SAA (NYSE:BVN)

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