Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Stock Rating Lowered by Zacks Investment Research


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Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Monday, Zacks.com reports.

According to Zacks, “COMPAÑÍA DE MINAS BUENAVENTURA is a leading mining company producing precious metals and holding mining rights in Peru. Since its inception in 1953, Buenaventura has focused on exploration and exploitation activities both by its own and through joint ventures. Buenaventura also is an important shareholder of Minera Yanacocha S.R.L., one of the leading gold producers in Latin America. “

Separately, Citigroup cut their price target on shares of Compañía de Minas Buenaventura S.A.A. from $13.00 to $12.00 in a research report on Monday, March 8th.

BVN opened at $9.77 on Monday. The company has a fifty day moving average price of $10.37 and a 200-day moving average price of $11.26. The firm has a market capitalization of $2.48 billion, a P/E ratio of -19.16 and a beta of 0.91. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.12. Compañía de Minas Buenaventura S.A.A. has a one year low of $7.52 and a one year high of $14.32.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last posted its quarterly earnings results on Thursday, April 29th. The mining company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.05). Compañía de Minas Buenaventura S.A.A. had a negative net margin of 19.14% and a negative return on equity of 4.24%. On average, analysts expect that Compañía de Minas Buenaventura S.A.A. will post -0.08 earnings per share for the current year.

Large investors have recently modified their holdings of the company. Handelsbanken Fonder AB bought a new position in shares of Compañía de Minas Buenaventura S.A.A. during the fourth quarter valued at about $624,000. TSP Capital Management Group LLC raised its stake in shares of Compañía de Minas Buenaventura S.A.A. by 1.9% during the fourth quarter. TSP Capital Management Group LLC now owns 1,090,846 shares of the mining company’s stock valued at $13,297,000 after acquiring an additional 20,746 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of Compañía de Minas Buenaventura S.A.A. by 6.7% during the fourth quarter. Hsbc Holdings PLC now owns 312,321 shares of the mining company’s stock valued at $3,761,000 after acquiring an additional 19,482 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in Compañía de Minas Buenaventura S.A.A. by 14.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 860,041 shares of the mining company’s stock worth $10,484,000 after buying an additional 106,058 shares in the last quarter. Finally, Citigroup Inc. raised its stake in Compañía de Minas Buenaventura S.A.A. by 48.3% in the fourth quarter. Citigroup Inc. now owns 140,681 shares of the mining company’s stock worth $1,715,000 after buying an additional 45,837 shares in the last quarter.

About Compañía de Minas Buenaventura S.A.A.

Compañía de Minas Buenaventura SAA., a precious metals company, engages in the exploration, mining, concentration, smelting, and marketing of polymetallic ores and metals in Peru, the United States, Europe, and Asia. It explores for gold, silver, lead, zinc, and copper metals. The company operates four operating mining units, including Uchucchacua, Orcopampa, Julcani, and Tambomayo in Peru; and San Gabriel, a mining unit under development stage.

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