Scotiabank Raises Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Price Target to $15.00

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) had its price target increased by Scotiabank from $13.00 to $15.00 in a research report report published on Wednesday, Benzinga reports. Scotiabank currently has a sector underperform rating on the mining company’s stock.

Separately, Morgan Stanley lowered shares of Compañía de Minas Buenaventura S.A.A. from an overweight rating to an equal weight rating in a research report on Tuesday, March 12th.

Compañía de Minas Buenaventura S.A.A. Stock Up 1.0 %

Shares of NYSE BVN opened at $16.88 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.32 and a debt-to-equity ratio of 0.21. The stock’s fifty day moving average price is $16.30 and its two-hundred day moving average price is $13.60. Compañía de Minas Buenaventura S.A.A. has a one year low of $6.45 and a one year high of $17.86.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last announced its earnings results on Monday, April 29th. The mining company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $246.80 million during the quarter, compared to analysts’ expectations of $171.25 million. On average, sell-side analysts anticipate that Compañía de Minas Buenaventura S.A.A. will post 1 earnings per share for the current year.

Compañía de Minas Buenaventura S.A.A. Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 18th will be issued a dividend of $0.0726 per share. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, April 17th. Compañía de Minas Buenaventura S.A.A.’s dividend payout ratio (DPR) is currently 116.69%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BVN. Van ECK Associates Corp lifted its stake in 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 worth $509,199,000 after purchasing an additional 4,912,454 shares during the last quarter. Westwood Global Investments LLC grew its position 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 valued at $117,235,000 after acquiring an additional 360,516 shares during the last quarter. Citigroup Inc. lifted 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 acquiring an additional 1,083,419 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Compañía de Minas Buenaventura S.A.A. by 2.2% in 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 in the last quarter. Finally, National Bank of Canada FI boosted its position in Compañía de Minas Buenaventura S.A.A. by 990.5% in 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 buying an additional 5,031,505 shares in the last quarter.

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

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.