Compania de Minas Buenaventura SAA (BVN) Sees Significant Increase in Short Interest

Compania de Minas Buenaventura SAA (NYSE:BVN) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 1,639,401 shares, a growth of 61.6% from the November 30th total of 1,014,312 shares. Based on an average daily volume of 1,728,045 shares, the days-to-cover ratio is currently 0.9 days.

Several institutional investors have recently modified their holdings of the company. Franklin Resources Inc. boosted its stake in shares of Compania de Minas Buenaventura SAA by 9.1% during the 2nd quarter. Franklin Resources Inc. now owns 11,300,823 shares of the mining company’s stock worth $129,943,000 after acquiring an additional 943,730 shares during the last quarter. FMR LLC boosted its stake in shares of Compania de Minas Buenaventura SAA by 74.5% during the 2nd quarter. FMR LLC now owns 8,204,360 shares of the mining company’s stock worth $94,351,000 after acquiring an additional 3,502,137 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Compania de Minas Buenaventura SAA by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 6,246,199 shares of the mining company’s stock worth $71,832,000 after acquiring an additional 245,096 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of Compania de Minas Buenaventura SAA by 3.4% during the 3rd quarter. Macquarie Group Ltd. now owns 4,839,583 shares of the mining company’s stock worth $61,897,000 after acquiring an additional 161,000 shares during the last quarter. Finally, Oldfield Partners LLP boosted its stake in shares of Compania de Minas Buenaventura SAA by 2.5% during the 3rd quarter. Oldfield Partners LLP now owns 4,501,445 shares of the mining company’s stock worth $57,574,000 after acquiring an additional 109,000 shares during the last quarter. Institutional investors and hedge funds own 45.27% of the company’s stock.

BVN has been the topic of several research reports. Morgan Stanley upgraded shares of Compania de Minas Buenaventura SAA from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $13.00 to $17.30 in a report on Monday, September 25th. Zacks Investment Research cut shares of Compania de Minas Buenaventura SAA from a “hold” rating to a “strong sell” rating in a report on Thursday, November 2nd. Finally, Scotiabank upgraded shares of Compania de Minas Buenaventura SAA from an “underperform” rating to a “sector perform” rating in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $16.65.

Compania de Minas Buenaventura SAA (NYSE BVN) opened at $14.62 on Thursday. The firm has a market cap of $3,910.00, a price-to-earnings ratio of -10.83 and a beta of 0.92. Compania de Minas Buenaventura SAA has a one year low of $10.87 and a one year high of $14.96. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.95 and a current ratio of 1.21.

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Compania de Minas Buenaventura SAA Company Profile

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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