Compania de Minas Buenaventura SAA (NYSE:BVN) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Compania de Minas Buenaventura SAA (NYSE:BVN) from a sell rating to a hold rating in a research note issued to investors on Wednesday, Zacks.com reports.

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. “

Several other research analysts also recently commented on BVN. Citigroup set a $20.00 target price on Compania de Minas Buenaventura SAA and gave the stock a buy rating in a report on Thursday, April 4th. JPMorgan Chase & Co. restated a hold rating on shares of Altagas in a research report on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $17.50.

Shares of BVN opened at $16.40 on Wednesday. The firm has a market cap of $4.16 billion, a P/E ratio of 51.25 and a beta of 0.58. The company has a quick ratio of 1.57, a current ratio of 1.91 and a debt-to-equity ratio of 0.18. Compania de Minas Buenaventura SAA has a one year low of $11.67 and a one year high of $17.78. The stock has a 50 day simple moving average of $15.87.

Compania de Minas Buenaventura SAA (NYSE:BVN) last announced its earnings results on Tuesday, April 30th. The mining company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. The business had revenue of $186.20 million for the quarter, compared to the consensus estimate of $178.62 million. Compania de Minas Buenaventura SAA had a positive return on equity of 2.29% and a negative net margin of 0.87%. Sell-side analysts anticipate that Compania de Minas Buenaventura SAA will post 0.49 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. FMR LLC raised its position in Compania de Minas Buenaventura SAA by 5.5% in the 1st quarter. FMR LLC now owns 14,720,464 shares of the mining company’s stock worth $254,370,000 after purchasing an additional 761,984 shares during the last quarter. Oldfield Partners LLP raised its position in Compania de Minas Buenaventura SAA by 0.4% in the 1st quarter. Oldfield Partners LLP now owns 4,368,545 shares of the mining company’s stock worth $75,489,000 after purchasing an additional 19,100 shares during the last quarter. Deutsche Bank AG raised its position in Compania de Minas Buenaventura SAA by 206.1% in the 4th quarter. Deutsche Bank AG now owns 2,588,834 shares of the mining company’s stock worth $41,988,000 after purchasing an additional 1,743,080 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in Compania de Minas Buenaventura SAA by 1.4% in the 1st quarter. Parametric Portfolio Associates LLC now owns 1,726,120 shares of the mining company’s stock worth $29,827,000 after purchasing an additional 23,777 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its position in Compania de Minas Buenaventura SAA by 30.1% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 1,563,985 shares of the mining company’s stock worth $27,026,000 after purchasing an additional 362,252 shares during the last quarter. Hedge funds and other institutional investors own 59.56% 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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