Compania de Minas Buenaventura SAA (NYSE:BVN) Receives Average Rating of “Hold” from Brokerages

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Compania de Minas Buenaventura SAA (NYSE:BVN) has earned an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $19.00.

A number of brokerages have issued reports on BVN. Zacks Investment Research cut Compania de Minas Buenaventura SAA from a “buy” rating to a “hold” rating in a report on Friday, May 31st. Morgan Stanley cut Compania de Minas Buenaventura SAA from an “overweight” rating to an “equal weight” rating in a report on Monday, February 25th. Goldman Sachs Group began coverage on Compania de Minas Buenaventura SAA in a report on Tuesday, February 19th. They issued a “sell” rating for the company. Citigroup set a $20.00 target price on Compania de Minas Buenaventura SAA and gave the stock a “buy” rating in a report on Thursday, April 4th. Finally, JPMorgan Chase & Co. upped their target price on Compania de Minas Buenaventura SAA from $14.00 to $18.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BVN. Quantamental Technologies LLC bought a new stake in shares of Compania de Minas Buenaventura SAA in the 1st quarter valued at about $78,000. Signaturefd LLC grew its position in shares of Compania de Minas Buenaventura SAA by 49.5% in the 1st quarter. Signaturefd LLC now owns 6,524 shares of the mining company’s stock valued at $113,000 after buying an additional 2,159 shares during the last quarter. Advisor Group Inc. grew its position in shares of Compania de Minas Buenaventura SAA by 1,126.3% in the 1st quarter. Advisor Group Inc. now owns 6,867 shares of the mining company’s stock valued at $119,000 after buying an additional 6,307 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Compania de Minas Buenaventura SAA by 276.3% in the 4th quarter. Parallel Advisors LLC now owns 8,361 shares of the mining company’s stock valued at $135,000 after buying an additional 6,139 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. bought a new stake in shares of Compania de Minas Buenaventura SAA in the 1st quarter valued at about $179,000. Hedge funds and other institutional investors own 59.56% of the company’s stock.

Shares of Compania de Minas Buenaventura SAA stock remained flat at $$15.77 during trading on Wednesday. The stock had a trading volume of 590,100 shares, compared to its average volume of 1,189,773. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.91 and a quick ratio of 1.57. Compania de Minas Buenaventura SAA has a 12 month low of $11.67 and a 12 month high of $17.78. The firm has a market cap of $3.96 billion, a PE ratio of 49.28 and a beta of 0.56.

Compania de Minas Buenaventura SAA (NYSE:BVN) last posted its quarterly earnings results on Tuesday, April 30th. The mining company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Compania de Minas Buenaventura SAA had a positive return on equity of 2.29% and a negative net margin of 0.87%. The company had revenue of $186.20 million during the quarter, compared to analysts’ expectations of $178.62 million. As a group, research analysts anticipate that Compania de Minas Buenaventura SAA will post 0.63 earnings per share for the current year.

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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Analyst Recommendations for Compania de Minas Buenaventura SAA (NYSE:BVN)

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