Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Sees Large Increase in Short Interest

Compañía de Minas Buenaventura S.A.A. (NYSE:BVNGet Rating) was the target of a significant growth in short interest in December. As of December 30th, there was short interest totalling 11,050,000 shares, a growth of 5.3% from the December 15th total of 10,490,000 shares. Based on an average daily volume of 1,310,000 shares, the days-to-cover ratio is currently 8.4 days. Approximately 4.4% of the shares of the stock are sold short.

Analysts Set New Price Targets

Several brokerages have weighed in on BVN. StockNews.com downgraded shares of Compañía de Minas Buenaventura S.A.A. from a “hold” rating to a “sell” rating in a report on Thursday, January 19th. Citigroup lifted their price target on shares of Compañía de Minas Buenaventura S.A.A. from $6.00 to $7.00 in a report on Thursday, October 13th.

Hedge Funds Weigh In On Compañía de Minas Buenaventura S.A.A.

Hedge funds have recently modified their holdings of the stock. Ronald Blue Trust Inc. increased its position in Compañía de Minas Buenaventura S.A.A. by 171.1% in the fourth quarter. Ronald Blue Trust Inc. now owns 3,811 shares of the mining company’s stock worth $25,000 after purchasing an additional 2,405 shares during the last quarter. KBC Group NV bought a new stake in Compañía de Minas Buenaventura S.A.A. in the second quarter worth $34,000. Wipfli Financial Advisors LLC bought a new stake in Compañía de Minas Buenaventura S.A.A. in the third quarter worth $53,000. Edmond DE Rothschild Holding S.A. increased its position in Compañía de Minas Buenaventura S.A.A. by 22.1% in the third quarter. Edmond DE Rothschild Holding S.A. now owns 8,507 shares of the mining company’s stock worth $57,000 after purchasing an additional 1,537 shares during the last quarter. Finally, Quantamental Technologies LLC bought a new stake in Compañía de Minas Buenaventura S.A.A. in the second quarter worth $69,000. Hedge funds and other institutional investors own 50.50% of the company’s stock.

Compañía de Minas Buenaventura S.A.A. Price Performance

BVN stock opened at $8.52 on Wednesday. Compañía de Minas Buenaventura S.A.A. has a one year low of $5.09 and a one year high of $12.35. The company’s fifty day moving average price is $7.92 and its 200-day moving average price is $6.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 1.80. The company has a market capitalization of $2.16 billion, a PE ratio of 6.22 and a beta of 0.49.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVNGet Rating) last released its earnings results on Thursday, October 27th. The mining company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.13). Compañía de Minas Buenaventura S.A.A. had a return on equity of 5.79% and a net margin of 42.28%. The company had revenue of $195.42 million during the quarter, compared to analysts’ expectations of $169.50 million. On average, equities analysts anticipate that Compañía de Minas Buenaventura S.A.A. will post 0.35 EPS for the current fiscal year.

About Compañía de Minas Buenaventura S.A.A.

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Compañía de Minas Buenaventura SAA. engages in the exploration, mining development, processing, and trading of precious and base metals. The company explores for gold, silver, lead, zinc, and copper metals. It operates operating mining units, including Tambomayo located in the Caylloma province, Orcopampa Unit located in the province of Castilla, Uchucchacua located in province of Oyón, Julcani located in province of Angaraes, Peru, as well as San Gabrie located in the province of General Sánchez Cerro, in the Moquegua region.

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