Compania de Minas Buenaventura SAA (NYSE:BVN) Rating Lowered to Hold at ValuEngine

Compania de Minas Buenaventura SAA (NYSE:BVN) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors 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 analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $18.00.

Shares of NYSE:BVN opened at $15.16 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.73 and a quick ratio of 1.43. The business’s 50 day moving average price is $14.87 and its 200-day moving average price is $15.32. The firm has a market capitalization of $3.90 billion, a PE ratio of 47.38 and a beta of 0.45. Compania de Minas Buenaventura SAA has a 1 year low of $13.77 and a 1 year high of $17.85.

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

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in Compania de Minas Buenaventura SAA by 11.5% during the second quarter. BlackRock Inc. now owns 15,697,725 shares of the mining company’s stock worth $261,680,000 after buying an additional 1,614,428 shares in the last quarter. Morgan Stanley lifted its position in Compania de Minas Buenaventura SAA by 1.5% during the second quarter. Morgan Stanley now owns 10,893,767 shares of the mining company’s stock worth $181,599,000 after buying an additional 159,569 shares in the last quarter. Vanguard Group Inc. lifted its position in Compania de Minas Buenaventura SAA by 5.8% during the second quarter. Vanguard Group Inc. now owns 8,082,487 shares of the mining company’s stock worth $134,734,000 after buying an additional 443,106 shares in the last quarter. Oldfield Partners LLP lifted its position in Compania de Minas Buenaventura SAA by 6.0% during the third quarter. Oldfield Partners LLP now owns 5,295,175 shares of the mining company’s stock worth $80,380,000 after buying an additional 301,500 shares in the last quarter. Finally, Macquarie Group Ltd. raised its position in Compania de Minas Buenaventura SAA by 6.1% in the second quarter. Macquarie Group Ltd. now owns 4,858,512 shares of the mining company’s stock valued at $80,992,000 after purchasing an additional 280,929 shares during the period. Hedge funds and other institutional investors own 59.12% of the company’s stock.

About Compania de Minas Buenaventura SAA

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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