Compania de Minas Buenaventura SAA (BVN) Rating Increased to Buy at Citigroup

Compania de Minas Buenaventura SAA (NYSE:BVN) was upgraded by equities researchers at Citigroup from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday, Marketbeat Ratings reports.

Several other research firms have also weighed in on BVN. Zacks Investment Research lowered shares of Compania de Minas Buenaventura SAA from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Scotiabank upgraded shares of Compania de Minas Buenaventura SAA from an “underperform” rating to a “sector perform” rating in a research report on Monday, October 30th. Finally, Morgan Stanley upgraded shares of Compania de Minas Buenaventura SAA from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $13.00 to $17.30 in a research report on Monday, September 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.15.

Shares of Compania de Minas Buenaventura SAA (BVN) traded up $0.25 on Thursday, reaching $15.02. 1,448,866 shares of the company were exchanged, compared to its average volume of 1,400,000. Compania de Minas Buenaventura SAA has a 12-month low of $10.87 and a 12-month high of $15.20. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 0.16. The company has a market cap of $4,110.00, a price-to-earnings ratio of -11.13 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 for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.29). Compania de Minas Buenaventura SAA had a negative net margin of 29.67% and a negative return on equity of 11.11%. research analysts anticipate that Compania de Minas Buenaventura SAA will post 0.5 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. Empirical Finance LLC purchased a new stake in Compania de Minas Buenaventura SAA during the third quarter valued at about $140,000. Virtu Financial LLC lifted its stake in Compania de Minas Buenaventura SAA by 175.7% during the third quarter. Virtu Financial LLC now owns 33,889 shares of the mining company’s stock valued at $217,000 after buying an additional 21,595 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Compania de Minas Buenaventura SAA by 23.2% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 20,697 shares of the mining company’s stock valued at $265,000 after buying an additional 3,897 shares in the last quarter. Voya Investment Management LLC lifted its stake in Compania de Minas Buenaventura SAA by 18.7% during the second quarter. Voya Investment Management LLC now owns 27,338 shares of the mining company’s stock valued at $314,000 after buying an additional 4,303 shares in the last quarter. Finally, Stevens Capital Management LP purchased a new stake in Compania de Minas Buenaventura SAA during the third quarter valued at about $372,000. Institutional investors own 45.27% of the company’s stock.

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About Compania de Minas Buenaventura SAA

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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