Compania de Minas Buenaventura SAA (NYSE:BVN) Downgraded by ValuEngine

ValuEngine downgraded shares of Compania de Minas Buenaventura SAA (NYSE:BVN) from a buy rating to a hold rating in a report issued on Tuesday, ValuEngine reports.

Separately, Zacks Investment Research upgraded Compania de Minas Buenaventura SAA from a sell rating to a hold rating in a research report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $18.00.

BVN traded down $0.45 on Tuesday, hitting $14.82. The company’s stock had a trading volume of 899,033 shares, compared to its average volume of 1,167,986. Compania de Minas Buenaventura SAA has a 12 month low of $13.77 and a 12 month high of $17.85. The firm has a market cap of $3.90 billion, a P/E ratio of 46.31 and a beta of 0.45. The company has a quick ratio of 1.43, a current ratio of 1.73 and a debt-to-equity ratio of 0.15. The company’s 50 day simple moving average is $14.92 and its 200-day simple moving average is $15.32.

Compania de Minas Buenaventura SAA (NYSE:BVN) last issued its earnings results on Tuesday, October 29th. The mining company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.10). The business had revenue of $230.20 million for the quarter, compared to the consensus estimate of $224.91 million. Compania de Minas Buenaventura SAA had a negative net margin of 2.91% and a positive return on equity of 1.92%. The company’s revenue was down 14.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.04) EPS. Equities analysts predict that Compania de Minas Buenaventura SAA will post 0.41 earnings per share for the current fiscal year.

The company also recently declared a Semi-Annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, November 25th will be issued a $0.026 dividend. The ex-dividend date of this dividend is Friday, November 22nd. Compania de Minas Buenaventura SAA’s payout ratio is 15.63%.

Hedge funds have recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Compania de Minas Buenaventura SAA by 1.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 654,794 shares of the mining company’s stock worth $10,915,000 after acquiring an additional 7,424 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Compania de Minas Buenaventura SAA by 11.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 208,655 shares of the mining company’s stock valued at $3,478,000 after purchasing an additional 20,900 shares during the period. Aviva PLC boosted its holdings in Compania de Minas Buenaventura SAA by 19.2% in the 2nd quarter. Aviva PLC now owns 65,032 shares of the mining company’s stock valued at $1,084,000 after purchasing an additional 10,460 shares during the period. KBC Group NV boosted its holdings in Compania de Minas Buenaventura SAA by 4.3% in the 2nd quarter. KBC Group NV now owns 126,870 shares of the mining company’s stock valued at $2,115,000 after purchasing an additional 5,273 shares during the period. Finally, Hussman Strategic Advisors Inc. grew its position in shares of Compania de Minas Buenaventura SAA by 200.0% during the 2nd quarter. Hussman Strategic Advisors Inc. now owns 75,000 shares of the mining company’s stock valued at $1,250,000 after purchasing an additional 50,000 shares in the last quarter. Institutional investors own 59.12% of the company’s stock.

Compania de Minas Buenaventura SAA Company Profile

Compañía de Minas Buenaventura SAA., a precious metals company, engages in the exploration, mining, and processing of gold, silver, lead, zinc, and copper metals in Peru, the United States, Europe, and Asia. The company operates five operating mining units, including Uchucchacua, Orcopampa, Julcani, Mallay, and Tambomayo in Peru; and San Gabriel, a mining unit under development stage.

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Analyst Recommendations for Compania de Minas Buenaventura SAA (NYSE:BVN)

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