Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Shares Gap Up - Still a Buy?

Shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $15.39, but opened at $15.79. Compañía de Minas Buenaventura S.A.A. shares last traded at $15.69, with a volume of 349,323 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Compañía de Minas Buenaventura S.A.A. from a "buy" rating to a "hold" rating in a research note on Monday, February 24th.

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

The firm has a market capitalization of $3.92 billion, a PE ratio of 10.97 and a beta of 0.76. The business's 50 day moving average is $13.31 and its two-hundred day moving average is $12.98. 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 announced 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 for 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%. Equities research analysts anticipate that Compañía de Minas Buenaventura S.A.A. will post 1.13 earnings per share for the current fiscal year.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Tidal Investments LLC increased its position in shares of Compañía de Minas Buenaventura S.A.A. by 56.6% in the 4th 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. FIL Ltd boosted its position in Compañía de Minas Buenaventura S.A.A. by 810.7% during the fourth quarter. FIL Ltd now owns 2,635,020 shares of the mining company's stock worth $30,355,000 after acquiring an additional 2,345,676 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in Compañía de Minas Buenaventura S.A.A. in the 4th quarter valued at $25,970,000. JPMorgan Chase & Co. increased its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 23.9% during the 4th quarter. JPMorgan Chase & Co. now owns 2,103,645 shares of the mining company's stock worth $24,234,000 after buying an additional 405,601 shares during the last quarter. Finally, Sagil Capital LLP increased its position in shares of Compañía de Minas Buenaventura S.A.A. by 35.1% during the 4th quarter. Sagil Capital LLP now owns 1,658,518 shares of the mining company's stock worth $19,106,000 after purchasing an additional 430,960 shares during the last quarter.

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.