Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) from a sell rating to a hold rating in a research report report published on Wednesday morning.

Other equities research analysts have also issued reports about the company. Morgan Stanley lowered Compañía de Minas Buenaventura S.A.A. from an overweight rating to an equal weight rating in a research report on Tuesday, March 12th. Scotiabank boosted their target price on shares of Compañía de Minas Buenaventura S.A.A. from $13.00 to $15.00 and gave the company a sector underperform rating in a report on Wednesday.

Compañía de Minas Buenaventura S.A.A. Trading Up 1.0 %

NYSE:BVN opened at $16.88 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 1.14 and a debt-to-equity ratio of 0.21. Compañía de Minas Buenaventura S.A.A. has a twelve month low of $6.45 and a twelve month high of $17.86. The firm’s fifty day simple moving average is $16.30 and its 200 day simple moving average is $13.60.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last released its quarterly earnings results on Monday, April 29th. The mining company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.13. The company had revenue of $246.80 million during the quarter, compared to the consensus estimate of $171.25 million. Compañía de Minas Buenaventura S.A.A. had a net margin of 1.91% and a return on equity of 0.76%. Equities analysts predict that Compañía de Minas Buenaventura S.A.A. will post 1 earnings per share for the current fiscal year.

Compañía de Minas Buenaventura S.A.A. Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 18th will be given a $0.0726 dividend. The ex-dividend date of this dividend is Wednesday, April 17th. This represents a dividend yield of 0.5%. Compañía de Minas Buenaventura S.A.A.’s dividend payout ratio is currently 116.69%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Csenge Advisory Group purchased a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the first quarter worth $547,000. Tobam bought a new stake in Compañía de Minas Buenaventura S.A.A. during the 1st quarter valued at about $1,250,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Compañía de Minas Buenaventura S.A.A. by 20.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,749,782 shares of the mining company’s stock worth $91,307,000 after buying an additional 982,785 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Compañía de Minas Buenaventura S.A.A. by 18.1% in the first quarter. Van ECK Associates Corp now owns 32,065,440 shares of the mining company’s stock worth $509,199,000 after buying an additional 4,912,454 shares in the last quarter. Finally, Polunin Capital Partners Ltd boosted its stake in Compañía de Minas Buenaventura S.A.A. by 8.0% during the 1st quarter. Polunin Capital Partners Ltd now owns 4,840,032 shares of the mining company’s stock valued at $76,860,000 after purchasing an additional 358,911 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.