Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Sees Large Increase in Short Interest

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 12,570,000 shares, a growth of 341.1% from the February 29th total of 2,850,000 shares. Based on an average trading volume of 1,520,000 shares, the short-interest ratio is currently 8.3 days. Approximately 5.0% of the shares of the stock are short sold.

Compañía de Minas Buenaventura S.A.A. Stock Performance

Shares of Compañía de Minas Buenaventura S.A.A. stock opened at $15.88 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.14 and a current ratio of 1.31. Compañía de Minas Buenaventura S.A.A. has a 52-week low of $6.45 and a 52-week high of $17.80. The company’s 50 day moving average price is $15.79 and its 200-day moving average price is $12.19.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last announced its quarterly earnings results on Thursday, February 29th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.17). Compañía de Minas Buenaventura S.A.A. had a return on equity of 0.84% and a net margin of 2.41%. The firm had revenue of $253.80 million during the quarter, compared to the consensus estimate of $225.38 million. On average, sell-side analysts forecast that Compañía de Minas Buenaventura S.A.A. will post 0.7 EPS for the current year.

Institutional Trading of Compañía de Minas Buenaventura S.A.A.

Several large investors have recently modified their holdings of BVN. Van ECK Associates Corp lifted its holdings in Compañía de Minas Buenaventura S.A.A. by 6.6% in the 4th quarter. Van ECK Associates Corp now owns 27,152,986 shares of the mining company’s stock worth $413,812,000 after buying an additional 1,685,253 shares during the period. BlackRock Inc. raised its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 4.4% during the third quarter. BlackRock Inc. now owns 15,531,799 shares of the mining company’s stock valued at $104,529,000 after acquiring an additional 660,711 shares in the last quarter. Westwood Global Investments LLC lifted its stake in Compañía de Minas Buenaventura S.A.A. by 2.7% in the third quarter. Westwood Global Investments LLC now owns 13,759,968 shares of the mining company’s stock worth $117,235,000 after acquiring an additional 360,516 shares during the period. Citigroup Inc. boosted its holdings in Compañía de Minas Buenaventura S.A.A. by 9.8% in the third quarter. Citigroup Inc. now owns 12,193,046 shares of the mining company’s stock valued at $103,885,000 after acquiring an additional 1,083,419 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Compañía de Minas Buenaventura S.A.A. by 2.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,312,339 shares of the mining company’s stock valued at $53,781,000 after purchasing an additional 136,735 shares during the period.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Scotiabank increased their target price on shares of Compañía de Minas Buenaventura S.A.A. from $12.50 to $13.00 and gave the company a “sector underperform” rating in a report on Monday, March 4th. Morgan Stanley downgraded Compañía de Minas Buenaventura S.A.A. from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 12th.

About Compañía de Minas Buenaventura S.A.A.

Compañía de Minas Buenaventura SAA. engages in the exploration, mining, concentration, smelting, and marketing of polymetallic ores and metals in Peru, the United States, Asia, and Europe. The company explores for gold, silver, lead, zinc, and copper metals. It operates operating mining units, including Tambomayo located in the Caylloma province, Orcopampa Unit located in the province of Castilla, Uchucchacua located in province of Oyón, Julcani located in province of Angaraes, Peru, as well as San Gabrie located in the province of General Sánchez Cerro, in the Moquegua region.