StockNews.com Lowers Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) to Sell

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN – Get Rating) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

Separately, Citigroup increased their price target on shares of Compañía de Minas Buenaventura S.A.A. from $6.00 to $7.00 in a research report on Thursday, October 13th.

Compañía de Minas Buenaventura S.A.A. Stock Up 1.7 %

Compañía de Minas Buenaventura S.A.A. stock opened at $8.32 on Thursday. Compañía de Minas Buenaventura S.A.A. has a one year low of $5.09 and a one year high of $12.35. The stock has a fifty day moving average of $7.91 and a 200 day moving average of $6.82. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 1.80. The stock has a market cap of $2.11 billion, a PE ratio of 6.07 and a beta of 0.49.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN – Get Rating) last released its quarterly earnings results on Thursday, October 27th. The mining company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.13). Compañía de Minas Buenaventura S.A.A. had a net margin of 42.28% and a return on equity of 5.79%. The business had revenue of $195.42 million for the quarter, compared to analysts’ expectations of $169.50 million. As a group, sell-side analysts predict that Compañía de Minas Buenaventura S.A.A. will post 0.35 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Bank of Nova Scotia increased its holdings in Compañía de Minas Buenaventura S.A.A. by 18.3% in the 2nd quarter. Bank of Nova Scotia now owns 15,540,558 shares of the mining company’s stock worth $102,568,000 after acquiring an additional 2,406,601 shares in the last quarter. BlackRock Inc. increased its stake in shares of Compañía de Minas Buenaventura S.A.A. by 4.4% in the third quarter. BlackRock Inc. now owns 15,531,799 shares of the mining company’s stock worth $104,529,000 after purchasing an additional 660,711 shares in the last quarter. ETF Managers Group LLC raised its position in shares of Compañía de Minas Buenaventura S.A.A. by 26.5% during the 3rd quarter. ETF Managers Group LLC now owns 3,143,173 shares of the mining company’s stock valued at $21,154,000 after purchasing an additional 657,469 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Compañía de Minas Buenaventura S.A.A. by 38.5% during the 1st quarter. JPMorgan Chase & Co. now owns 1,301,251 shares of the mining company’s stock valued at $13,104,000 after buying an additional 361,466 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Compañía de Minas Buenaventura S.A.A. by 1.3% in the 2nd quarter. Van ECK Associates Corp now owns 24,765,448 shares of the mining company’s stock worth $163,452,000 after buying an additional 314,925 shares during the period. Institutional investors own 50.50% of the company’s stock.

Compañía de Minas Buenaventura S.A.A. Company Profile

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Compañía de Minas Buenaventura SAA. engages in the exploration, mining development, processing, and trading of precious and base metals. 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.