Scotiabank Forecasts Strong Price Appreciation for Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Stock

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) had its price objective hoisted by equities researchers at Scotiabank from $15.00 to $15.50 in a research report issued on Monday,Benzinga reports. The firm presently has a “sector perform” rating on the mining company’s stock. Scotiabank’s price objective would suggest a potential upside of 2.92% from the stock’s previous close.

Separately, StockNews.com cut shares of Compañía de Minas Buenaventura S.A.A. from a “buy” rating to a “hold” rating in a research report on Monday, February 24th.

Compañía de Minas Buenaventura S.A.A. Trading Up 1.8 %

Shares of NYSE BVN traded up $0.26 during midday trading on Monday, reaching $15.06. 215,339 shares of the stock were exchanged, compared to its average volume of 1,187,250. Compañía de Minas Buenaventura S.A.A. has a twelve month low of $11.50 and a twelve month high of $18.84. The stock has a market capitalization of $3.82 billion, a P/E ratio of 10.68 and a beta of 0.37. The company has a 50 day simple moving average of $13.91 and a 200 day simple moving average of $13.17. 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) last announced its quarterly earnings results on Thursday, February 20th. The mining company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.07). The business had revenue of $299.59 million during the quarter, compared to analyst estimates 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%. As a group, equities analysts expect 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.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Polunin Capital Partners Ltd purchased a new position in Compañía de Minas Buenaventura S.A.A. in the first quarter valued at $7,804,000. GAMMA Investing LLC grew its position in shares of Compañía de Minas Buenaventura S.A.A. by 1,730.8% during the first quarter. GAMMA Investing LLC now owns 177,901 shares of the mining company’s stock worth $2,781,000 after buying an additional 168,184 shares in the last quarter. PKO Investment Management Joint Stock Co purchased a new stake in shares of Compañía de Minas Buenaventura S.A.A. during the fourth quarter worth approximately $1,405,000. TFG Asset Management GP Ltd acquired a new stake in Compañía de Minas Buenaventura S.A.A. in the fourth quarter valued at approximately $426,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Compañía de Minas Buenaventura S.A.A. by 0.8% in the fourth 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 worth $14,434,000 after acquiring an additional 9,808 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.