Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) from a buy rating to a hold rating in a research note issued to investors on Monday.

Separately, Scotiabank upgraded shares of Compañía de Minas Buenaventura S.A.A. from a “sector underperform” rating to a “sector perform” rating and set a $15.00 price objective for the company in a research note on Thursday, November 21st.

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

NYSE BVN opened at $12.87 on Monday. The firm has a 50-day moving average of $12.71 and a 200-day moving average of $12.91. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.64 and a current ratio of 1.82. The stock has a market cap of $3.27 billion, a PE ratio of 9.13 and a beta of 0.80. Compañía de Minas Buenaventura S.A.A. has a 52-week low of $11.50 and a 52-week high of $18.84.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last issued its quarterly earnings data on Thursday, February 20th. The mining company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.07). Compañía de Minas Buenaventura S.A.A. had a return on equity of 6.15% and a net margin of 32.40%. The business had revenue of $299.59 million during the quarter, compared to analyst estimates of $315.77 million. On average, sell-side analysts anticipate that Compañía de Minas Buenaventura S.A.A. will post 1.13 EPS for the current year.

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

Hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in Compañía de Minas Buenaventura S.A.A. in the 4th quarter valued at about $50,000. Point72 Hong Kong Ltd bought a new position in Compañía de Minas Buenaventura S.A.A. in the 3rd quarter valued at about $56,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Compañía de Minas Buenaventura S.A.A. by 41.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,752 shares of the mining company’s stock valued at $58,000 after buying an additional 1,389 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new position in Compañía de Minas Buenaventura S.A.A. in the 4th quarter valued at about $63,000. Finally, R Squared Ltd bought a new position in Compañía de Minas Buenaventura S.A.A. in the 4th quarter valued at about $74,000.

About Compañía de Minas Buenaventura S.A.A.

Compañía de Minas Buenaventura SAA. engages in the exploration, development, construction, and operation of mineral processing business. 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.