Scotiabank Raises Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Price Target to $16.00

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) had its price target increased by equities research analysts at Scotiabank from $15.00 to $16.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “sector underperform” rating on the mining company’s stock. Scotiabank’s price target would suggest a potential downside of 9.40% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. StockNews.com upgraded shares of Compañía de Minas Buenaventura S.A.A. from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Morgan Stanley downgraded shares of Compañía de Minas Buenaventura S.A.A. from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 12th.

Compañía de Minas Buenaventura S.A.A. Trading Down 1.0 %

Shares of Compañía de Minas Buenaventura S.A.A. stock traded down $0.18 during trading hours on Thursday, hitting $17.66. The company had a trading volume of 891,181 shares, compared to its average volume of 1,509,966. The company’s 50-day moving average is $16.70 and its two-hundred day moving average is $14.47. Compañía de Minas Buenaventura S.A.A. has a twelve month low of $6.45 and a twelve month high of $18.84. The company has a current ratio of 1.32, a quick ratio of 1.14 and a debt-to-equity ratio of 0.21.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last issued its earnings results on Monday, April 29th. The mining company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.13. Compañía de Minas Buenaventura S.A.A. had a net margin of 1.91% and a return on equity of 0.76%. The business had revenue of $246.80 million during the quarter, compared to analysts’ expectations of $171.25 million. Sell-side analysts anticipate that Compañía de Minas Buenaventura S.A.A. will post 1 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. National Bank of Canada FI raised its stake in shares of Compañía de Minas Buenaventura S.A.A. by 990.5% during the fourth quarter. National Bank of Canada FI now owns 5,539,485 shares of the mining company’s stock valued at $81,430,000 after purchasing an additional 5,031,505 shares during the period. Van ECK Associates Corp raised its stake in shares of Compañía de Minas Buenaventura S.A.A. by 18.1% during the first quarter. Van ECK Associates Corp now owns 32,065,440 shares of the mining company’s stock valued at $509,199,000 after purchasing an additional 4,912,454 shares during the period. Tidal Investments LLC bought a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the first quarter worth $63,988,000. Citigroup Inc. increased its stake in shares of 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 worth $103,885,000 after buying an additional 1,083,419 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Compañía de Minas Buenaventura S.A.A. by 20.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,749,782 shares of the mining company’s stock worth $91,307,000 after buying an additional 982,785 shares during the last quarter.

About Compañía de Minas Buenaventura S.A.A.

Compañía de Minas Buenaventura SAA. engages in the exploration, development, construction, and operation of mineral processing business. 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.