Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning.

A number of other analysts also recently weighed in on the stock. Morgan Stanley downgraded shares of Compañía de Minas Buenaventura S.A.A. from an overweight rating to an equal weight rating in a research report on Tuesday, March 12th. Scotiabank upped their price target on shares of Compañía de Minas Buenaventura S.A.A. from $13.00 to $15.00 and gave the stock a sector underperform rating in a research note on Wednesday.

Compañía de Minas Buenaventura S.A.A. Stock Down 4.0 %

NYSE:BVN opened at $16.60 on Wednesday. The firm’s 50-day moving average price is $16.22 and its 200-day moving average price is $13.50. The company has a market capitalization of $4.22 billion, a PE ratio of 237.14 and a beta of 0.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.31 and a quick ratio of 1.14. Compañía de Minas Buenaventura S.A.A. has a 1-year low of $6.45 and a 1-year high of $17.86.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last released its earnings results on Monday, April 29th. The mining company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.13. The firm had revenue of $246.80 million for the quarter, compared to the consensus estimate of $171.25 million. Compañía de Minas Buenaventura S.A.A. had a net margin of 2.41% and a return on equity of 0.84%. On average, equities analysts predict that Compañía de Minas Buenaventura S.A.A. will post 1 EPS for the current fiscal year.

Compañía de Minas Buenaventura S.A.A. Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, April 18th will be paid a $0.0726 dividend. This represents a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, April 17th. Compañía de Minas Buenaventura S.A.A.’s payout ratio is 100.00%.

Hedge Funds Weigh In On Compañía de Minas Buenaventura S.A.A.

A number of hedge funds have recently bought and sold shares of the company. Sequoia Financial Advisors LLC lifted its stake in Compañía de Minas Buenaventura S.A.A. by 15.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 12,033 shares of the mining company’s stock valued at $103,000 after acquiring an additional 1,612 shares during the period. Quadrant Capital Group LLC lifted its stake in Compañía de Minas Buenaventura S.A.A. by 20.4% during the 4th quarter. Quadrant Capital Group LLC now owns 13,472 shares of the mining company’s stock valued at $205,000 after acquiring an additional 2,281 shares during the period. Shell Asset Management Co. lifted its stake in Compañía de Minas Buenaventura S.A.A. by 14.7% during the 3rd quarter. Shell Asset Management Co. now owns 20,284 shares of the mining company’s stock valued at $173,000 after acquiring an additional 2,600 shares during the period. Fifth Third Bancorp bought a new position in Compañía de Minas Buenaventura S.A.A. during the 4th quarter valued at about $46,000. Finally, GAMMA Investing LLC bought a new position in Compañía de Minas Buenaventura S.A.A. during the 4th quarter valued at about $58,000.

About Compañía de Minas Buenaventura S.A.A.

Compañía de Minas Buenaventura SAA. engages in the exploration, development, construction, and operation of mineral processing business. The company explores for gold, silver, lead, zinc, and copper metals. It operates operating mining units, including Tambomayo located in the Caylloma province, Orcopampa Unit located in the province of Castilla, Uchucchacua located in province of Oyón, Julcani located in province of Angaraes, Peru, as well as San Gabrie located in the province of General Sánchez Cerro, in the Moquegua region.