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 upped by Scotiabank from $15.00 to $16.00 in a research note issued to investors on Thursday, Benzinga reports. Scotiabank currently has a sector underperform rating on the mining company’s stock.

Several other equities research analysts have also recently weighed in on 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 cut 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 2.0 %

BVN opened at $17.87 on Thursday. The company has a market capitalization of $4.54 billion, a PE ratio of 297.83 and a beta of 0.86. The firm has a 50-day simple moving average of $16.71 and a two-hundred day simple moving average of $14.59. The company has a quick ratio of 1.14, a current ratio of 1.32 and a debt-to-equity ratio of 0.21. Compañía de Minas Buenaventura S.A.A. has a 52 week low of $6.45 and a 52 week high of $18.84.

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

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

The firm also recently declared a semi-annual dividend, which was paid on Friday, May 10th. Stockholders of record on Thursday, April 18th were issued a $0.0726 dividend. The ex-dividend date of this dividend was Wednesday, April 17th. This represents a dividend yield of 0.5%. Compañía de Minas Buenaventura S.A.A.’s payout ratio is 116.67%.

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

Large investors have recently bought and sold shares of the business. Swedbank AB bought a new position in Compañía de Minas Buenaventura S.A.A. in the 1st quarter worth about $7,082,000. Tidal Investments LLC bought a new position in Compañía de Minas Buenaventura S.A.A. in the first quarter worth approximately $63,988,000. Jane Street Group LLC increased its holdings in Compañía de Minas Buenaventura S.A.A. by 189.8% during the 1st quarter. Jane Street Group LLC now owns 346,379 shares of the mining company’s stock worth $5,500,000 after purchasing an additional 732,158 shares during the period. Bayesian Capital Management LP bought a new stake in Compañía de Minas Buenaventura S.A.A. during the 1st quarter valued at $182,000. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 57.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 243,508 shares of the mining company’s stock worth $3,866,000 after buying an additional 88,800 shares during the period.

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.