Compania de Minas Buenaventura SAA (NYSE:BVN) Sees Large Decline in Short Interest

Share on StockTwits

Compania de Minas Buenaventura SAA (NYSE:BVN) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totalling 4,073,700 shares, a drop of 24.3% from the July 31st total of 5,378,900 shares. Based on an average daily trading volume, of 1,250,000 shares, the days-to-cover ratio is presently 3.3 days. Approximately 1.6% of the company’s shares are short sold.

BVN has been the topic of a number of research analyst reports. 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. ValuEngine downgraded Compania de Minas Buenaventura SAA from a “buy” rating to a “hold” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $17.50.

NYSE:BVN traded down $0.22 on Friday, reaching $14.11. The company’s stock had a trading volume of 1,480,650 shares, compared to its average volume of 1,206,494. Compania de Minas Buenaventura SAA has a 12-month low of $12.22 and a 12-month high of $17.85. The company has a quick ratio of 1.44, a current ratio of 1.77 and a debt-to-equity ratio of 0.15. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 44.09 and a beta of 0.48. The stock has a 50 day moving average price of $15.22 and a 200 day moving average price of $15.97.

Compania de Minas Buenaventura SAA (NYSE:BVN) last posted its earnings results on Thursday, July 25th. The mining company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.04). Compania de Minas Buenaventura SAA had a negative net margin of 4.37% and a positive return on equity of 1.37%. The business had revenue of $216.15 million during the quarter, compared to analysts’ expectations of $259.47 million. Equities research analysts expect that Compania de Minas Buenaventura SAA will post 0.54 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Compania de Minas Buenaventura SAA by 16.3% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 96,400 shares of the mining company’s stock valued at $1,607,000 after buying an additional 13,500 shares in the last quarter. BlackRock Inc. grew its stake in shares of Compania de Minas Buenaventura SAA by 11.5% in the second quarter. BlackRock Inc. now owns 15,697,725 shares of the mining company’s stock valued at $261,680,000 after buying an additional 1,614,428 shares in the last quarter. Natixis grew its stake in shares of Compania de Minas Buenaventura SAA by 5.2% in the second quarter. Natixis now owns 65,049 shares of the mining company’s stock valued at $1,084,000 after buying an additional 3,194 shares in the last quarter. Barings LLC acquired a new stake in shares of Compania de Minas Buenaventura SAA in the second quarter valued at $6,613,000. Finally, Amundi Pioneer Asset Management Inc. grew its stake in shares of Compania de Minas Buenaventura SAA by 1.8% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 1,592,798 shares of the mining company’s stock valued at $26,551,000 after buying an additional 28,813 shares in the last quarter. 61.15% of the stock is owned by institutional investors and hedge funds.

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.

Featured Story: Diversification

Receive News & Ratings for Compania de Minas Buenaventura SAA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compania de Minas Buenaventura SAA and related companies with MarketBeat.com's FREE daily email newsletter.