Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Issues Quarterly Earnings Results

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) issued its quarterly earnings results on Tuesday. The mining company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.06), Zacks reports. The business had revenue of $277.11 million during the quarter, compared to the consensus estimate of $252.21 million. Compañía de Minas Buenaventura S.A.A. had a return on equity of 3.20% and a net margin of 9.54%. During the same period in the prior year, the firm earned ($0.03) earnings per share.

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

Shares of BVN traded up $0.23 on Wednesday, reaching $15.67. 39,091 shares of the stock traded hands, compared to its average volume of 1,417,408. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.14 and a current ratio of 1.32. Compañía de Minas Buenaventura S.A.A. has a 12 month low of $7.54 and a 12 month high of $18.84. The stock’s 50-day moving average price is $16.96 and its 200-day moving average price is $16.38.

Analyst Ratings Changes

BVN has been the topic of a number of research reports. Morgan Stanley upgraded Compañía de Minas Buenaventura S.A.A. from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $19.00 to $21.00 in a research report on Friday, June 21st. StockNews.com upgraded Compañía de Minas Buenaventura S.A.A. from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Scotiabank boosted their price objective on Compañía de Minas Buenaventura S.A.A. from $15.00 to $16.00 and gave the company a “sector underperform” rating in a research report on Thursday, May 23rd.

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.