Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Short Interest Update

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) saw a significant increase in short interest in August. As of August 15th, there was short interest totalling 8,340,000 shares, an increase of 15.8% from the July 31st total of 7,200,000 shares. Based on an average trading volume of 1,600,000 shares, the short-interest ratio is currently 5.2 days. Currently, 3.3% of the shares of the company are sold short.

Compañía de Minas Buenaventura S.A.A. Trading Down 0.3 %

Shares of Compañía de Minas Buenaventura S.A.A. stock opened at $8.64 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.22 and a current ratio of 1.46. The stock has a market capitalization of $2.19 billion, a P/E ratio of 21.06 and a beta of 0.54. Compañía de Minas Buenaventura S.A.A. has a 52-week low of $5.09 and a 52-week high of $8.90. The stock’s 50-day simple moving average is $7.73 and its 200 day simple moving average is $7.63.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last released its quarterly earnings data on Wednesday, July 26th. The mining company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.14). Compañía de Minas Buenaventura S.A.A. had a return on equity of 3.34% and a net margin of 13.16%. The business had revenue of $173.25 million during the quarter, compared to the consensus estimate of $187.33 million. During the same period last year, the business posted ($0.16) earnings per share. As a group, research analysts anticipate that Compañía de Minas Buenaventura S.A.A. will post 0.57 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BVN. Morgan Stanley decreased their target price on Compañía de Minas Buenaventura S.A.A. from $9.30 to $8.60 in a research report on Wednesday, June 21st. StockNews.com assumed coverage on shares of Compañía de Minas Buenaventura S.A.A. in a research report on Thursday, August 17th. They set a “hold” rating for the company.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC purchased a new position in Compañía de Minas Buenaventura S.A.A. during the 1st quarter valued at about $50,000. Newbridge Financial Services Group Inc. bought a new position in shares of Compañía de Minas Buenaventura S.A.A. in the second quarter valued at approximately $62,000. Quadrant Capital Group LLC grew its stake in Compañía de Minas Buenaventura S.A.A. by 37.2% during the second quarter. Quadrant Capital Group LLC now owns 9,965 shares of the mining company’s stock valued at $73,000 after acquiring an additional 2,703 shares in the last quarter. Advisor Group Holdings Inc. increased its holdings in Compañía de Minas Buenaventura S.A.A. by 14,350.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 7,225 shares of the mining company’s stock worth $73,000 after acquiring an additional 7,175 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new stake in Compañía de Minas Buenaventura S.A.A. in the 2nd quarter worth approximately $77,000.

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.