Compania de Minas Buenaventura SAA (BVN) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of Compania de Minas Buenaventura SAA (NYSE:BVN) from a sell rating to a hold rating in a report released on Tuesday morning.

According to Zacks, “COMPAÑÍA DE MINAS BUENAVENTURA is a leading mining company producing precious metals and holding mining rights in Peru. Since its inception in 1953, Buenaventura has focused on exploration and exploitation activities both by its own and through joint ventures. Buenaventura also is an important shareholder of Minera Yanacocha S.R.L., one of the leading gold producers in Latin America. “

A number of other research analysts also recently issued reports on BVN. ValuEngine raised shares of Compania de Minas Buenaventura SAA from a hold rating to a buy rating in a research report on Thursday, August 2nd. TheStreet downgraded shares of Compania de Minas Buenaventura SAA from a b- rating to a c+ rating in a research report on Thursday, July 12th. Finally, Scotiabank reaffirmed a hold rating and issued a $16.00 price objective on shares of Compania de Minas Buenaventura SAA in a research report on Tuesday, July 17th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $16.00.

Shares of Compania de Minas Buenaventura SAA stock opened at $14.15 on Tuesday. The company has a current ratio of 2.20, a quick ratio of 1.80 and a debt-to-equity ratio of 0.19. Compania de Minas Buenaventura SAA has a 52-week low of $11.67 and a 52-week high of $16.80. The company has a market capitalization of $3.61 billion, a PE ratio of 38.41 and a beta of 1.05.

Compania de Minas Buenaventura SAA (NYSE:BVN) last issued its quarterly earnings data on Thursday, July 26th. The mining company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Compania de Minas Buenaventura SAA had a return on equity of 3.29% and a net margin of 4.79%. The firm had revenue of $322.57 million during the quarter, compared to analysts’ expectations of $330.36 million. On average, equities research analysts expect that Compania de Minas Buenaventura SAA will post 0.6 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI boosted its stake in Compania de Minas Buenaventura SAA by 8.3% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 294,855 shares of the mining company’s stock worth $4,019,000 after purchasing an additional 22,531 shares in the last quarter. Pinebridge Investments L.P. boosted its stake in Compania de Minas Buenaventura SAA by 11.8% in the 2nd quarter. Pinebridge Investments L.P. now owns 92,139 shares of the mining company’s stock worth $1,256,000 after purchasing an additional 9,705 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in Compania de Minas Buenaventura SAA by 53.6% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 69,566 shares of the mining company’s stock worth $948,000 after purchasing an additional 24,266 shares in the last quarter. Compass Group LLC boosted its stake in Compania de Minas Buenaventura SAA by 56.0% in the 2nd quarter. Compass Group LLC now owns 1,497,671 shares of the mining company’s stock worth $20,398,000 after purchasing an additional 537,731 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in Compania de Minas Buenaventura SAA by 14.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 389,808 shares of the mining company’s stock worth $5,313,000 after purchasing an additional 49,705 shares in the last quarter. 51.66% of the stock is currently owned by hedge funds and other institutional investors.

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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