Buenaventura Mining Company Inc. (BVN) Receives Average Recommendation of “Hold” from Analysts
Shares of Buenaventura Mining Company Inc. (NYSE:BVN) have been assigned an average recommendation of “Hold” from the six brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $17.30.
BVN has been the subject of several analyst reports. BidaskClub lowered Buenaventura Mining from a “hold” rating to a “sell” rating in a report on Friday, June 30th. Zacks Investment Research upgraded Buenaventura Mining from a “strong sell” rating to a “hold” rating in a report on Wednesday. Morgan Stanley upgraded Buenaventura Mining from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $13.00 to $17.30 in a report on Monday, September 25th. Finally, Credit Suisse Group reiterated a “hold” rating on shares of Buenaventura Mining in a report on Friday, July 28th.
Institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC acquired a new position in shares of Buenaventura Mining in the 2nd quarter valued at $141,000. Comerica Bank increased its position in shares of Buenaventura Mining by 1.3% in the 1st quarter. Comerica Bank now owns 15,760 shares of the mining company’s stock valued at $183,000 after acquiring an additional 205 shares during the period. Global X Management Co. LLC increased its position in shares of Buenaventura Mining by 22.9% in the 1st quarter. Global X Management Co. LLC now owns 17,266 shares of the mining company’s stock valued at $208,000 after acquiring an additional 3,222 shares during the period. KCG Holdings Inc. acquired a new position in shares of Buenaventura Mining in the 1st quarter valued at $233,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Buenaventura Mining by 29.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 23,673 shares of the mining company’s stock valued at $285,000 after acquiring an additional 5,435 shares during the period. Hedge funds and other institutional investors own 44.93% of the company’s stock.
Shares of Buenaventura Mining (NYSE BVN) opened at 14.42 on Friday. Buenaventura Mining has a 12-month low of $9.87 and a 12-month high of $14.82. The firm has a 50 day moving average price of $13.55 and a 200-day moving average price of $12.50. The company’s market cap is $4.44 billion.
Buenaventura Mining (NYSE:BVN) last issued its quarterly earnings data on Thursday, July 27th. The mining company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.22 by ($0.24). Buenaventura Mining had a negative net margin of 33.54% and a negative return on equity of 11.01%. The business had revenue of $256.73 million for the quarter, compared to analysts’ expectations of $327.50 million. During the same quarter in the prior year, the company posted $0.22 EPS. The business’s revenue for the quarter was down 10.0% on a year-over-year basis. On average, equities analysts expect that Buenaventura Mining will post $0.97 earnings per share for the current fiscal year.
About Buenaventura Mining
Compania de Minas Buenaventura SAA. (Buenaventura) is a precious metals company. The Company is engaged in the exploration, mining and processing of gold, silver and other metals in Peru. The Company’s segments include Production and sale of minerals; Exploration and development activities; Construction and engineering services; Energy generation and transmission services; Insurance brokerage; Rental of mining concessions; Holding of investment in shares (mainly in Minera Yanacocha S.R.L.
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