Citigroup Boosts Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Price Target to $10.00

Compañía de Minas Buenaventura S.A.A. (NYSE:BVNGet Rating) had its target price increased by investment analysts at Citigroup from $9.00 to $10.00 in a note issued to investors on Tuesday, The Fly reports. Citigroup’s target price indicates a potential upside of 4.60% from the company’s previous close.

Several other equities research analysts also recently weighed in on BVN. Morgan Stanley raised shares of Compañía de Minas Buenaventura S.A.A. from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $7.00 to $11.10 in a research note on Wednesday, March 23rd. StockNews.com began coverage on shares of Compañía de Minas Buenaventura S.A.A. in a research note on Thursday, March 31st. They set a “hold” rating on the stock. TheStreet raised shares of Compañía de Minas Buenaventura S.A.A. from a “d” rating to a “c” rating in a research note on Thursday, March 3rd. Finally, Zacks Investment Research raised shares of Compañía de Minas Buenaventura S.A.A. from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Monday, March 28th.

BVN traded up $0.34 on Tuesday, reaching $9.56. 1,343,602 shares of the company’s stock were exchanged, compared to its average volume of 1,454,151. The company has a current ratio of 0.88, a quick ratio of 0.77 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $2.43 billion, a PE ratio of 6.81 and a beta of 0.66. The business has a fifty day moving average price of $10.21. Compañía de Minas Buenaventura S.A.A. has a twelve month low of $6.11 and a twelve month high of $12.44.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVNGet Rating) last posted its earnings results on Friday, February 25th. The mining company reported $0.30 earnings per share for the quarter, meeting the consensus estimate of $0.30. The company had revenue of $253.35 million for the quarter, compared to analyst estimates of $226.38 million. Compañía de Minas Buenaventura S.A.A. had a net margin of 37.69% and a return on equity of 8.77%. During the same period in the previous year, the business posted ($0.23) EPS. Analysts expect that Compañía de Minas Buenaventura S.A.A. will post 1.19 EPS for the current year.

Several large investors have recently made changes to their positions in the business. Advisor Group Holdings Inc. boosted its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 14,350.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 7,225 shares of the mining company’s stock valued at $73,000 after buying an additional 7,175 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Compañía de Minas Buenaventura S.A.A. by 1.6% in the 4th quarter. BlackRock Inc. now owns 13,489,176 shares of the mining company’s stock worth $98,741,000 after acquiring an additional 208,802 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 100.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 473,826 shares of the mining company’s stock valued at $3,468,000 after purchasing an additional 237,002 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Compañía de Minas Buenaventura S.A.A. during the fourth quarter worth about $952,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the fourth quarter worth approximately $6,803,000. 51.93% of the stock is currently owned by institutional investors.

Compañía de Minas Buenaventura S.A.A. Company Profile (Get Rating)

Compañía de Minas Buenaventura SAA. engages in the exploration, mining development, processing, and trading of precious and base metals. 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.

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