Compania de Minas Buenaventura SAA (BVN) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of Compania de Minas Buenaventura SAA (NYSE:BVN) from a sell rating to a hold rating in a report released on Tuesday morning.

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 issued reports on the stock. ValuEngine raised shares of Compania de Minas Buenaventura SAA from a hold rating to a buy rating in a report on Thursday, August 2nd. Scotiabank reaffirmed a hold rating and set a $16.00 target price on shares of Compania de Minas Buenaventura SAA in a report on Tuesday, July 17th. Finally, TheStreet cut shares of Compania de Minas Buenaventura SAA from a b- rating to a c+ rating in a research report on Thursday, July 12th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $16.00.

Shares of NYSE BVN opened at $14.15 on Tuesday. The company has a quick ratio of 1.80, a current ratio of 2.20 and a debt-to-equity ratio of 0.19. Compania de Minas Buenaventura SAA has a 12 month low of $11.67 and a 12 month high of $16.80. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 38.41 and a beta of 1.05.

Compania de Minas Buenaventura SAA (NYSE:BVN) last posted its earnings results on Thursday, July 26th. The mining company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.12). Compania de Minas Buenaventura SAA had a net margin of 4.79% and a return on equity of 3.29%. The firm had revenue of $322.57 million during the quarter, compared to analyst estimates of $330.36 million. As a group, equities research analysts forecast that Compania de Minas Buenaventura SAA will post 0.6 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in BVN. FMR LLC boosted its position in shares of Compania de Minas Buenaventura SAA by 19.1% during the 2nd quarter. FMR LLC now owns 10,872,725 shares of the mining company’s stock valued at $148,195,000 after acquiring an additional 1,741,425 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Compania de Minas Buenaventura SAA by 12.8% during the 2nd quarter. Van ECK Associates Corp now owns 14,681,652 shares of the mining company’s stock valued at $200,111,000 after acquiring an additional 1,671,451 shares during the last quarter. BlackRock Inc. boosted its position in shares of Compania de Minas Buenaventura SAA by 5.0% during the 2nd quarter. BlackRock Inc. now owns 14,783,517 shares of the mining company’s stock valued at $201,497,000 after acquiring an additional 701,047 shares during the last quarter. Compass Group LLC boosted its position in shares of Compania de Minas Buenaventura SAA by 56.0% during the 2nd quarter. Compass Group LLC now owns 1,497,671 shares of the mining company’s stock valued at $20,398,000 after acquiring an additional 537,731 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Compania de Minas Buenaventura SAA by 174.4% during the 2nd quarter. Bank of America Corp DE now owns 742,029 shares of the mining company’s stock valued at $10,114,000 after acquiring an additional 471,615 shares during the last quarter. 51.66% of the stock is currently owned by hedge funds and other institutional investors.

About Compania de Minas Buenaventura SAA

Compañía de Minas Buenaventura SAA., a precious metals company, engages in the exploration, mining, and processing of gold, silver, lead, zinc, and copper metals in Peru, the United States, Europe, and Asia. The company operates five operating mining units, including Uchucchacua, Orcopampa, Julcani, Mallay, and Tambomayo in Peru; and San Gabriel, a mining unit under development stage.

Featured Story: Should You Consider an Index Fund?

Get a free copy of the Zacks research report on Compania de Minas Buenaventura SAA (BVN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Compania de Minas Buenaventura SAA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compania de Minas Buenaventura SAA and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply