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 increased by Scotiabank from $13.00 to $15.00 in a research report report published on Wednesday morning, Benzinga reports. The firm currently has a sector underperform rating on the mining company’s stock.

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 Down 4.0 %

Shares of BVN opened at $16.60 on Wednesday. Compañía de Minas Buenaventura S.A.A. has a 52 week low of $6.45 and a 52 week high of $17.86. The company has a quick ratio of 1.14, a current ratio of 1.31 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of 237.14 and a beta of 0.88. The stock’s 50-day moving average price is $16.22 and its 200-day moving average price is $13.50.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last issued its earnings results on Monday, April 29th. The mining company reported $0.24 EPS 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. On average, sell-side analysts predict that Compañía de Minas Buenaventura S.A.A. will post 1 EPS for the current year.

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

The firm also recently declared a semi-annual dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, April 18th will be issued a $0.0726 dividend. The ex-dividend date of this dividend is Wednesday, April 17th. This represents a yield of 0.5%. Compañía de Minas Buenaventura S.A.A.’s payout ratio is 100.00%.

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

Large investors have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new position in Compañía de Minas Buenaventura S.A.A. in the 4th quarter worth about $174,000. Citigroup Inc. raised its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 9.8% during the third quarter. Citigroup Inc. now owns 12,193,046 shares of the mining company’s stock valued at $103,885,000 after acquiring an additional 1,083,419 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 249.1% during the fourth quarter. Blue Trust Inc. now owns 8,081 shares of the mining company’s stock valued at $123,000 after acquiring an additional 5,766 shares during the last quarter. Fox Run Management L.L.C. raised its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 170.8% during the third quarter. Fox Run Management L.L.C. now owns 35,101 shares of the mining company’s stock valued at $299,000 after acquiring an additional 22,139 shares during the last quarter. Finally, TSP Capital Management Group LLC raised its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 12.8% during the fourth quarter. TSP Capital Management Group LLC now owns 1,300,326 shares of the mining company’s stock valued at $19,817,000 after acquiring an additional 147,900 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.