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

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

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

Compania de Minas Buenaventura SAA stock opened at $16.40 on Wednesday. The firm has a market capitalization of $4.17 billion, a P/E ratio of 58.57 and a beta of 0.58. The stock has a fifty day simple moving average of $15.87. The company has a current ratio of 1.91, a quick ratio of 1.57 and a debt-to-equity ratio of 0.18. Compania de Minas Buenaventura SAA has a 12 month low of $11.67 and a 12 month high of $17.78.

Compania de Minas Buenaventura SAA (NYSE:BVN) last released its quarterly earnings data on Tuesday, April 30th. The mining company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The firm had revenue of $186.20 million during the quarter, compared to the consensus estimate of $178.62 million. Compania de Minas Buenaventura SAA had a negative net margin of 0.87% and a positive return on equity of 2.29%. On average, research analysts predict that Compania de Minas Buenaventura SAA will post 0.49 EPS for the current year.

A number of hedge funds have recently bought and sold shares of the business. Great West Life Assurance Co. Can lifted its position in Compania de Minas Buenaventura SAA by 10.7% during the fourth quarter. Great West Life Assurance Co. Can now owns 121,708 shares of the mining company’s stock valued at $1,849,000 after acquiring an additional 11,800 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Compania de Minas Buenaventura SAA by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 380,221 shares of the mining company’s stock valued at $6,158,000 after acquiring an additional 3,319 shares during the last quarter. QS Investors LLC lifted its position in Compania de Minas Buenaventura SAA by 2.0% during the fourth quarter. QS Investors LLC now owns 35,870 shares of the mining company’s stock valued at $582,000 after acquiring an additional 700 shares during the last quarter. Caxton Associates LP purchased a new stake in Compania de Minas Buenaventura SAA during the fourth quarter valued at approximately $584,000. Finally, Stone Ridge Asset Management LLC purchased a new stake in Compania de Minas Buenaventura SAA during the fourth quarter valued at approximately $370,000. 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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Analyst Recommendations for Compania de Minas Buenaventura SAA (NYSE:BVN)

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