Compania de Minas Buenaventura SAA (NYSE: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 research report sent to investors on Wednesday, Zacks.com reports.

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. “

BVN has been the topic of several other research reports. JPMorgan Chase & Co. restated a hold rating on shares of Altagas in a research report on Tuesday, March 19th. Citigroup set a $20.00 price target on shares of Compania de Minas Buenaventura SAA and gave the company a buy rating in a research report on Thursday, April 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Compania de Minas Buenaventura SAA has a consensus rating of Hold and a consensus target price of $17.50.

BVN stock opened at $16.40 on Wednesday. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 58.57 and a beta of 0.58. The company has a current ratio of 1.91, a quick ratio of 1.57 and a debt-to-equity ratio of 0.18. The firm’s fifty day moving average price is $15.87. Compania de Minas Buenaventura SAA has a one year low of $11.67 and a one year high of $17.78.

Compania de Minas Buenaventura SAA (NYSE:BVN) last released its quarterly earnings results on Tuesday, April 30th. The mining company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.02. The company had revenue of $186.20 million for the quarter, compared to analyst estimates of $178.62 million. Compania de Minas Buenaventura SAA had a negative net margin of 0.87% and a positive return on equity of 2.29%. Research analysts predict that Compania de Minas Buenaventura SAA will post 0.49 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Quantamental Technologies LLC acquired a new stake in shares of Compania de Minas Buenaventura SAA in the first quarter valued at about $78,000. Signaturefd LLC grew its position in shares of Compania de Minas Buenaventura SAA by 49.5% in the first quarter. Signaturefd LLC now owns 6,524 shares of the mining company’s stock valued at $113,000 after purchasing an additional 2,159 shares during the period. Parallel Advisors LLC grew its position in shares of Compania de Minas Buenaventura SAA by 84.9% in the first quarter. Parallel Advisors LLC now owns 15,461 shares of the mining company’s stock valued at $267,000 after purchasing an additional 7,100 shares during the period. Comerica Bank grew its position in shares of Compania de Minas Buenaventura SAA by 9.1% in the first quarter. Comerica Bank now owns 17,505 shares of the mining company’s stock valued at $302,000 after purchasing an additional 1,457 shares during the period. Finally, Stone Ridge Asset Management LLC acquired a new stake in shares of Compania de Minas Buenaventura SAA in the fourth quarter valued at about $370,000. Institutional investors own 59.56% of the company’s stock.

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.

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