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

Zacks Investment Research lowered shares of Compania de Minas Buenaventura SAA (NYSE:BVN) from a buy rating to a hold rating in a research report released on Friday, January 5th.

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 analysts also recently issued reports on BVN. Scotiabank raised shares of Compania de Minas Buenaventura SAA from an underperform rating to a sector perform rating in a report on Monday, October 30th. Morgan Stanley raised shares of Compania de Minas Buenaventura SAA from an equal weight rating to an overweight rating and lifted their price objective for the stock from $13.00 to $17.30 in a report on Monday, September 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $17.15.

Compania de Minas Buenaventura SAA (NYSE:BVN) traded up $0.14 on Friday, reaching $15.43. 1,495,040 shares of the company’s stock were exchanged, compared to its average volume of 1,471,000. 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 stock has a market cap of $3,990.14, a P/E ratio of -11.10 and a beta of 0.92. Compania de Minas Buenaventura SAA has a 1 year low of $10.87 and a 1 year high of $16.26.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. raised 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 purchasing an additional 943,730 shares during the period. FMR LLC raised 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 purchasing an additional 3,502,137 shares during the period. Vanguard Group Inc. raised 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 purchasing an additional 245,096 shares during the period. Oldfield Partners LLP raised its stake in shares of Compania de Minas Buenaventura SAA by 9.1% during the 4th quarter. Oldfield Partners LLP now owns 4,909,775 shares of the mining company’s stock worth $69,129,000 after purchasing an additional 408,330 shares during the period. Finally, Macquarie Group Ltd. raised 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 purchasing an additional 161,000 shares during the period. Institutional investors own 45.40% of the company’s stock.

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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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