Compania de Minas Buenaventura SAA Given Overweight Rating at Morgan Stanley (BVN)
Compania de Minas Buenaventura SAA (NYSE:BVN)‘s stock had its “overweight” rating restated by analysts at Morgan Stanley in a research report issued to clients and investors on Monday. They currently have a $15.30 target price on the stock. Morgan Stanley’s target price would suggest a potential upside of 31.67% from the company’s current price.
The analysts wrote, “Buenaventura reported 2Q14 output figures and updated its 2014 guidance. The company published for the first time its quarterly production ahead of its earnings report. In 2Q14, gold equity output of 206Koz came in 6% below our model, but silver equity production of 4.1Moz exceeded our estimate by 6%.”
Compania de Minas Buenaventura SAA (NYSE:BVN) traded down 1.98% on Monday, hitting $11.39. 982,111 shares of the company’s stock traded hands. Compania de Minas Buenaventura SAA has a 52 week low of $9.75 and a 52 week high of $15.64. The stock’s 50-day moving average is $10.81 and its 200-day moving average is $11.94. The company’s market cap is $2.895 billion.
Compania de Minas Buenaventura SAA (NYSE:BVN) last issued its quarterly earnings data on Friday, May 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.26. On average, analysts predict that Compania de Minas Buenaventura SAA will post $0.68 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. set a $19.00 price target on shares of Compania de Minas Buenaventura SAA in a research note on Wednesday, July 9th. They now have an “overweight” rating on the stock. Separately, analysts at Zacks upgraded shares of Compania de Minas Buenaventura SAA from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 8th. They now have a $12.20 price target on the stock. Finally, analysts at Zacks downgraded shares of Compania de Minas Buenaventura SAA from a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 20th. They now have a $10.40 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Compania de Minas Buenaventura SAA presently has a consensus rating of “Hold” and an average target price of $15.75.
Compania de Minas Buenaventura SAA (NYSE:BVN) is a Peru-based mining company engaged in the exploration, mining, smelting and commercialization of gold and silver, as well as other metals and minerals.
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