Compania de Minas Buenaventura SAA (BVN) Downgraded to Hold at Zacks Investment Research

Compania de Minas Buenaventura SAA (NYSE:BVN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “COMPAÑÍA DE MINAS BUENAVENTURA is a leading mining company producing precious metals and holding mining rights in Peru. Since its inception in 1953, Buenaventura has focused on exploration and exploitation activities both by its own and through joint ventures. Buenaventura also is an important shareholder of Minera Yanacocha S.R.L., one of the leading gold producers in Latin America. “

A number of other equities research analysts have also weighed in on the company. Morgan Stanley raised Compania de Minas Buenaventura SAA from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $13.00 to $17.30 in a research note on Monday, September 25th. Scotiabank raised Compania de Minas Buenaventura SAA from an “underperform” rating to a “sector perform” rating in a research note on Monday, October 30th. Finally, Citigroup raised Compania de Minas Buenaventura SAA from a “neutral” rating to a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Compania de Minas Buenaventura SAA currently has a consensus rating of “Hold” and an average target price of $17.15.

Compania de Minas Buenaventura SAA (NYSE BVN) traded up $0.03 on Thursday, hitting $14.77. The stock had a trading volume of 1,840,000 shares, compared to its average volume of 1,350,000. Compania de Minas Buenaventura SAA has a 1 year low of $10.87 and a 1 year high of $15.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.21 and a quick ratio of 0.95. The stock has a market cap of $4,160.00, a PE ratio of -10.94 and a beta of 0.92.

Compania de Minas Buenaventura SAA (NYSE:BVN) last posted its quarterly earnings data on Friday, October 27th. The mining company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.29). Compania de Minas Buenaventura SAA had a negative return on equity of 11.11% and a negative net margin of 29.67%. research analysts expect that Compania de Minas Buenaventura SAA will post 0.5 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Empirical Finance LLC bought a new stake in shares of Compania de Minas Buenaventura SAA in the 3rd quarter valued at about $140,000. Virtu Financial LLC lifted its stake in shares of Compania de Minas Buenaventura SAA by 175.7% in the 3rd quarter. Virtu Financial LLC now owns 33,889 shares of the mining company’s stock valued at $217,000 after acquiring an additional 21,595 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of Compania de Minas Buenaventura SAA by 23.2% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 20,697 shares of the mining company’s stock valued at $265,000 after acquiring an additional 3,897 shares during the last quarter. Voya Investment Management LLC lifted its stake in shares of Compania de Minas Buenaventura SAA by 18.7% in the 2nd quarter. Voya Investment Management LLC now owns 27,338 shares of the mining company’s stock valued at $314,000 after acquiring an additional 4,303 shares during the last quarter. Finally, Stevens Capital Management LP bought a new stake in shares of Compania de Minas Buenaventura SAA in the 3rd quarter valued at about $372,000. 45.27% of the stock is owned by institutional investors.

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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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