Compania de Minas Buenaventura SAA (BVN) Cut to Hold at Zacks Investment Research

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Compania de Minas Buenaventura SAA (NYSE:BVN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “COMPAÑÍA DE MINAS BUENAVENTURA is a leading mining company producing precious metals and holding mining rights in Peru. Since its inception in 1953, Buenaventura has focused on exploration and exploitation activities both by its own and through joint ventures. Buenaventura also is an important shareholder of Minera Yanacocha S.R.L., one of the leading gold producers in Latin America. “
Other equities analysts have also recently issued research reports about the stock. Bank of America Corp. upgraded shares of Compania de Minas Buenaventura SAA from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $10.00 to $14.00 in a research report on Tuesday, June 28th. TheStreet upgraded shares of Compania de Minas Buenaventura SAA from a “sell” rating to a “hold” rating in a research report on Wednesday, June 29th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $10.27.

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A number of large investors have bought and sold shares of BVN. ClariVest Asset Management LLC acquired a new stake in Compania de Minas Buenaventura SAA during the second quarter valued at approximately $179,000. Schonfeld Strategic Advisors LLC acquired a new stake in Compania de Minas Buenaventura SAA during the first quarter valued at approximately $115,000. Flow Traders U.S. LLC acquired a new stake in Compania de Minas Buenaventura SAA during the first quarter valued at approximately $130,000. Dorsey Wright & Associates acquired a new stake in Compania de Minas Buenaventura SAA during the second quarter valued at approximately $352,000. Finally, CIBC World Markets Inc. raised its stake in Compania de Minas Buenaventura SAA by 67.7% in the second quarter. CIBC World Markets Inc. now owns 32,137 shares of the mining company’s stock valued at $384,000 after buying an additional 12,975 shares during the last quarter.
Compania de Minas Buenaventura SAA (NYSE:BVN) traded up 6.69% during midday trading on Tuesday, hitting $14.83. 2,189,958 shares of the company were exchanged. The stock has a 50 day moving average of $14.18 and a 200 day moving average of $10.13. The firm’s market capitalization is $3.74 billion. Compania de Minas Buenaventura SAA has a 1-year low of $3.30 and a 1-year high of $16.45.
Compania de Minas Buenaventura SAA (NYSE:BVN) last released its quarterly earnings data on Wednesday, July 27th. The mining company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.12. On average, equities analysts predict that Compania de Minas Buenaventura SAA will post $0.73 earnings per share for the current fiscal year.
Compania de Minas Buenaventura SAA (Buenaventura) is a Peru-based mining company engaged in the exploration, mining, smelting and commercialization of gold and silver, as well as other metals and minerals. The Company operates directly seven Peruvian mining units located in Uchucchacua, Orcopampa, Poracota, Julcani, Recuperada, Antapite and Ishihuinca; as well as indirectly the mines of Shila-Paula, La Zanja and Colquijirca.
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