Scotiabank Increases Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Price Target to $15.00

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) had its target price upped by equities researchers at Scotiabank from $13.00 to $15.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “sector underperform” rating on the mining company’s stock. Scotiabank’s target price indicates a potential downside of 9.96% from the company’s current price.

Separately, Morgan Stanley downgraded Compañía de Minas Buenaventura S.A.A. from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 12th.

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

Shares of NYSE BVN traded down $0.64 during midday trading on Wednesday, reaching $16.66. The company’s stock had a trading volume of 690,149 shares, compared to its average volume of 1,528,018. Compañía de Minas Buenaventura S.A.A. has a 12-month low of $6.45 and a 12-month high of $17.86. The firm has a 50 day moving average price of $16.22 and a 200-day moving average price of $13.50. The stock has a market capitalization of $4.23 billion, a P/E ratio of 237.86 and a beta of 0.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.31 and a quick ratio of 1.14.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last announced its earnings results on Monday, April 29th. The mining company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.13. Compañía de Minas Buenaventura S.A.A. had a return on equity of 0.84% and a net margin of 2.41%. The firm had revenue of $246.80 million for the quarter, compared to the consensus estimate of $171.25 million. As a group, equities analysts predict that Compañía de Minas Buenaventura S.A.A. will post 1 earnings per share for the current year.

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

Several institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp purchased a new stake in shares of Compañía de Minas Buenaventura S.A.A. during the fourth quarter worth $46,000. GAMMA Investing LLC purchased a new stake in shares of Compañía de Minas Buenaventura S.A.A. during the fourth quarter worth $58,000. Creekmur Asset Management LLC purchased a new stake in shares of Compañía de Minas Buenaventura S.A.A. during the fourth quarter worth $60,000. Barclays PLC lifted its position in shares of Compañía de Minas Buenaventura S.A.A. by 24,960.6% during the third quarter. Barclays PLC now owns 8,270 shares of the mining company’s stock worth $70,000 after acquiring an additional 8,237 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Compañía de Minas Buenaventura S.A.A. by 15.5% during the third quarter. Sequoia Financial Advisors LLC now owns 12,033 shares of the mining company’s stock worth $103,000 after acquiring an additional 1,612 shares in 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.