Scotiabank Raises Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Price Target to $16.00

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) had its price objective increased by Scotiabank from $15.00 to $16.00 in a research report sent to investors on Thursday morning, Benzinga reports. Scotiabank currently has a sector underperform rating on the mining company’s stock.

Several other equities research analysts have also recently issued reports on BVN. StockNews.com raised Compañía de Minas Buenaventura S.A.A. from a sell rating to a hold rating in a research note on Wednesday, May 1st. Morgan Stanley downgraded Compañía de Minas Buenaventura S.A.A. from an overweight rating to an equal weight rating in a research report on Tuesday, March 12th.

Compañía de Minas Buenaventura S.A.A. Trading Up 2.0 %

Shares of BVN opened at $17.87 on Thursday. Compañía de Minas Buenaventura S.A.A. has a 12-month low of $6.45 and a 12-month high of $18.84. The firm has a market capitalization of $4.54 billion, a P/E ratio of 297.83 and a beta of 0.86. The firm has a 50-day moving average price of $16.71 and a 200 day moving average price of $14.59. The company has a current ratio of 1.32, a quick ratio of 1.14 and a debt-to-equity ratio of 0.21.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last posted its earnings results on Monday, April 29th. The mining company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.13. The company had revenue of $246.80 million for the quarter, compared to analyst estimates of $171.25 million. Compañía de Minas Buenaventura S.A.A. had a net margin of 1.91% and a return on equity of 0.76%. Sell-side analysts forecast that Compañía de Minas Buenaventura S.A.A. will post 1 EPS for the current year.

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

The company also recently disclosed a semi-annual dividend, which was paid on Friday, May 10th. Stockholders of record on Thursday, April 18th were paid a $0.0726 dividend. The ex-dividend date was Wednesday, April 17th. This represents a dividend yield of 0.5%. Compañía de Minas Buenaventura S.A.A.’s payout ratio is presently 116.67%.

Institutional Trading of Compañía de Minas Buenaventura S.A.A.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp grew its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 18.1% in the first quarter. Van ECK Associates Corp now owns 32,065,440 shares of the mining company’s stock valued at $509,199,000 after purchasing an additional 4,912,454 shares in the last quarter. Westwood Global Investments LLC grew its stake in shares of Compañía de Minas Buenaventura S.A.A. by 2.7% in the third quarter. Westwood Global Investments LLC now owns 13,759,968 shares of the mining company’s stock worth $117,235,000 after acquiring an additional 360,516 shares in the last quarter. Citigroup Inc. increased its position in shares of Compañía de Minas Buenaventura S.A.A. by 9.8% during the third quarter. Citigroup Inc. now owns 12,193,046 shares of the mining company’s stock worth $103,885,000 after acquiring an additional 1,083,419 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Compañía de Minas Buenaventura S.A.A. by 20.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,749,782 shares of the mining company’s stock valued at $91,307,000 after acquiring an additional 982,785 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in Compañía de Minas Buenaventura S.A.A. by 990.5% in the fourth quarter. National Bank of Canada FI now owns 5,539,485 shares of the mining company’s stock valued at $81,430,000 after purchasing an additional 5,031,505 shares during the period.

Compañía de Minas Buenaventura S.A.A. Company Profile

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.