Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Hits New 12-Month Low After Analyst Downgrade

Compañía de Minas Buenaventura S.A.A. (NYSE:BVNGet Rating) shares reached a new 52-week low during mid-day trading on Thursday after Citigroup lowered their price target on the stock from $10.00 to $6.00. The stock traded as low as $5.62 and last traded at $5.63, with a volume of 123668 shares. The stock had previously closed at $5.86.

Separately, StockNews.com began coverage on shares of Compañía de Minas Buenaventura S.A.A. in a report on Thursday, March 31st. They issued a “hold” rating on the stock.

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

A number of hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp boosted its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 7.2% during the first quarter. Van ECK Associates Corp now owns 24,450,523 shares of the mining company’s stock valued at $246,217,000 after acquiring an additional 1,648,500 shares during the period. BlackRock Inc. raised its stake in shares of Compañía de Minas Buenaventura S.A.A. by 0.7% during the first quarter. BlackRock Inc. now owns 13,577,900 shares of the mining company’s stock valued at $136,730,000 after purchasing an additional 88,724 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Compañía de Minas Buenaventura S.A.A. by 5.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,281,717 shares of the mining company’s stock valued at $53,187,000 after purchasing an additional 268,279 shares in the last quarter. Polunin Capital Partners Ltd raised its stake in shares of Compañía de Minas Buenaventura S.A.A. by 12.4% during the first quarter. Polunin Capital Partners Ltd now owns 5,029,621 shares of the mining company’s stock valued at $50,648,000 after purchasing an additional 554,610 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in Compañía de Minas Buenaventura S.A.A. in the fourth quarter worth about $13,154,000. Institutional investors and hedge funds own 51.93% of the company’s stock.

Compañía de Minas Buenaventura S.A.A. Trading Down 4.6 %

The company has a quick ratio of 1.34, a current ratio of 1.55 and a debt-to-equity ratio of 0.20. The firm’s 50-day simple moving average is $7.27 and its 200 day simple moving average is $8.65. The stock has a market capitalization of $1.42 billion, a P/E ratio of 4.11 and a beta of 0.77.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVNGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The mining company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.42 by $0.19. Compañía de Minas Buenaventura S.A.A. had a return on equity of 8.43% and a net margin of 37.69%. The business had revenue of $232.92 million during the quarter, compared to analysts’ expectations of $208.40 million. Equities research analysts anticipate that Compañía de Minas Buenaventura S.A.A. will post 1.05 EPS for the current fiscal year.

About Compañía de Minas Buenaventura S.A.A.

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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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