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

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN - Get Free Report) had its price target increased by research analysts 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 price objective would indicate a potential downside of 9.64% from the company's previous close.

Separately, Morgan Stanley lowered shares of Compañía de Minas Buenaventura S.A.A. from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 12th.

Compañía de Minas Buenaventura S.A.A. Stock Down 4.0 %

BVN stock traded down $0.70 during trading on Wednesday, hitting $16.60. 938,931 shares of the company's stock traded hands, compared to its average volume of 1,531,440. The firm has a market capitalization of $4.22 billion, a P/E ratio of 237.14 and a beta of 0.88. The business has a fifty day simple moving average of $16.22 and a two-hundred day simple moving average of $13.50. The company has a quick ratio of 1.14, a current ratio of 1.31 and a debt-to-equity ratio of 0.21. Compañía de Minas Buenaventura S.A.A. has a 1 year low of $6.45 and a 1 year high of $17.86.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN - Get Free Report) last issued its quarterly earnings data on Monday, April 29th. The mining company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.13. The company had revenue of $246.80 million for the quarter, compared to analyst estimates of $171.25 million. Compañía de Minas Buenaventura S.A.A. had a net margin of 2.41% and a return on equity of 0.84%. Sell-side analysts anticipate that Compañía de Minas Buenaventura S.A.A. will post 1 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of 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 acquiring an additional 982,785 shares during the period. Van ECK Associates Corp raised its position 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 acquiring an additional 4,912,454 shares during the period. Polunin Capital Partners Ltd raised its position in shares of Compañía de Minas Buenaventura S.A.A. by 8.0% in the first quarter. Polunin Capital Partners Ltd now owns 4,840,032 shares of the mining company's stock worth $76,860,000 after acquiring an additional 358,911 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Compañía de Minas Buenaventura S.A.A. by 5.8% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 367,011 shares of the mining company's stock worth $5,828,000 after acquiring an additional 20,000 shares during the period. Finally, Atlas Capital Advisors LLC raised its position in shares of Compañía de Minas Buenaventura S.A.A. by 4,608.2% in the first quarter. Atlas Capital Advisors LLC now owns 27,637 shares of the mining company's stock worth $439,000 after acquiring an additional 27,050 shares during the period.

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.