Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Price Target Cut to $15.00 by Analysts at Scotiabank

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) had its target price trimmed by Scotiabank from $16.00 to $15.00 in a research report released on Monday morning, Benzinga reports. The brokerage currently has a sector underperform rating on the mining company’s stock.

A number of other equities research analysts have also commented on BVN. StockNews.com raised shares of Compañía de Minas Buenaventura S.A.A. from a sell rating to a hold rating in a report on Wednesday, May 1st. Morgan Stanley raised shares of Compañía de Minas Buenaventura S.A.A. from an equal weight rating to an overweight rating and increased their price target for the company from $19.00 to $21.00 in a research note on Friday, June 21st.

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

NYSE:BVN opened at $13.31 on Monday. The stock has a market capitalization of $3.38 billion, a P/E ratio of 221.83 and a beta of 0.83. The company has a current ratio of 1.40, a quick ratio of 1.14 and a debt-to-equity ratio of 0.20. Compañía de Minas Buenaventura S.A.A. has a 1 year low of $7.73 and a 1 year high of $18.84. The firm has a 50 day moving average of $15.97 and a 200-day moving average of $16.32.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last issued its quarterly earnings data on Tuesday, July 30th. The mining company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.06). The business had revenue of $277.11 million during the quarter, compared to the consensus estimate of $252.21 million. Compañía de Minas Buenaventura S.A.A. had a net margin of 9.54% and a return on equity of 3.17%. During the same quarter in the previous year, the firm posted ($0.03) EPS. As a group, sell-side analysts anticipate that Compañía de Minas Buenaventura S.A.A. will post 1.41 EPS for the current fiscal year.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BVN. Van ECK Associates Corp boosted its stake in shares of Compañía de Minas Buenaventura S.A.A. by 18.1% in the 1st quarter. Van ECK Associates Corp now owns 32,065,440 shares of the mining company’s stock valued at $509,199,000 after purchasing an additional 4,912,454 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Compañía de Minas Buenaventura S.A.A. by 20.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,749,782 shares of the mining company’s stock valued at $91,307,000 after buying an additional 982,785 shares during the period. National Bank of Canada FI boosted its stake 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 acquiring an additional 5,031,505 shares during the last quarter. Polunin Capital Partners Ltd grew its holdings in Compañía de Minas Buenaventura S.A.A. by 8.0% during the 1st quarter. Polunin Capital Partners Ltd now owns 4,840,032 shares of the mining company’s stock worth $76,860,000 after acquiring an additional 358,911 shares during the period. Finally, Tidal Investments LLC acquired a new stake in Compañía de Minas Buenaventura S.A.A. during the 1st quarter worth $63,988,000.

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.