Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Hits New 1-Year High at $9.19

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $9.19 and last traded at $9.07, with a volume of 180685 shares traded. The stock had previously closed at $8.81.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. StockNews.com lowered shares of Compañía de Minas Buenaventura S.A.A. from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. Morgan Stanley upgraded Compañía de Minas Buenaventura S.A.A. from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $8.60 to $10.30 in a research note on Wednesday, September 20th.

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

The company has a market capitalization of $2.29 billion, a PE ratio of 23.18 and a beta of 0.56. The company has a current ratio of 1.38, a quick ratio of 1.15 and a debt-to-equity ratio of 0.21. The business’s fifty day moving average is $8.44 and its two-hundred day moving average is $7.86.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last announced its quarterly earnings results on Monday, October 30th. The mining company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.22). Compañía de Minas Buenaventura S.A.A. had a net margin of 11.89% and a return on equity of 3.07%. The business had revenue of $211.29 million for the quarter, compared to the consensus estimate of $184.97 million. Equities research analysts predict that Compañía de Minas Buenaventura S.A.A. will post 0.54 earnings per share for the current year.

Hedge Funds Weigh In On Compañía de Minas Buenaventura S.A.A.

Institutional investors and hedge funds have recently modified their holdings of the company. Van ECK Associates Corp boosted its position in Compañía de Minas Buenaventura S.A.A. by 9.3% in the first quarter. Van ECK Associates Corp now owns 27,436,975 shares of the mining company’s stock worth $224,434,000 after purchasing an additional 2,337,772 shares during the last quarter. Citigroup Inc. boosted its holdings 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. JPMorgan Chase & Co. grew its position in Compañía de Minas Buenaventura S.A.A. by 1,390.0% during the first quarter. JPMorgan Chase & Co. now owns 991,322 shares of the mining company’s stock valued at $8,109,000 after buying an additional 924,791 shares during the period. Bank of Nova Scotia increased its holdings in Compañía de Minas Buenaventura S.A.A. by 5.8% during the second quarter. Bank of Nova Scotia now owns 12,856,472 shares of the mining company’s stock valued at $94,495,000 after buying an additional 704,288 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Compañía de Minas Buenaventura S.A.A. by 234.1% in the fourth quarter. Bank of America Corp DE now owns 979,259 shares of the mining company’s stock worth $7,295,000 after acquiring an additional 686,155 shares during the period.

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.