Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Downgraded by StockNews.com to Hold

StockNews.com cut shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN - Free Report) from a buy rating to a hold rating in a research report released on Monday morning.

Separately, Scotiabank upgraded 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 report on Thursday, November 21st.

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

Shares of BVN stock traded down $0.06 during mid-day trading on Monday, reaching $12.76. The company's stock had a trading volume of 983,630 shares, compared to its average volume of 940,996. The firm's 50-day moving average is $12.71 and its two-hundred day moving average is $12.90. The company has a market cap of $3.24 billion, a P/E ratio of 9.05 and a beta of 0.80. Compañía de Minas Buenaventura S.A.A. has a 1-year low of $11.50 and a 1-year high of $18.84. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.64 and a current ratio of 1.82.

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

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

A number of large investors have recently modified their holdings of BVN. TFG Asset Management GP Ltd bought a new position in Compañía de Minas Buenaventura S.A.A. in the 4th quarter worth approximately $426,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Compañía de Minas Buenaventura S.A.A. by 0.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,252,971 shares of the mining company's stock valued at $14,434,000 after buying an additional 9,808 shares during the period. Squarepoint Ops LLC raised its position in shares of Compañía de Minas Buenaventura S.A.A. by 22.1% during the fourth quarter. Squarepoint Ops LLC now owns 45,193 shares of the mining company's stock worth $521,000 after acquiring an additional 8,195 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Compañía de Minas Buenaventura S.A.A. by 56.6% during the fourth quarter. Tidal Investments LLC now owns 3,332,263 shares of the mining company's stock valued at $38,388,000 after acquiring an additional 1,204,879 shares during the period. Finally, Point72 Asset Management L.P. boosted its holdings in Compañía de Minas Buenaventura S.A.A. by 3.3% in the fourth quarter. Point72 Asset Management L.P. now owns 78,100 shares of the mining company's stock valued at $900,000 after acquiring an additional 2,500 shares during the last quarter.

Compañía de Minas Buenaventura S.A.A. Company Profile

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.