Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Stock Rating Upgraded by Morgan Stanley

Compañía de Minas Buenaventura S.A.A. (NYSE:BVNGet Free Report) was upgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued on Friday, Marketbeat reports. The brokerage presently has a $21.00 price objective on the mining company’s stock, up from their previous price objective of $19.00. Morgan Stanley’s price target would suggest a potential upside of 23.09% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. StockNews.com raised shares of Compañía de Minas Buenaventura S.A.A. from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Scotiabank raised their target price on shares of Compañía de Minas Buenaventura S.A.A. from $15.00 to $16.00 and gave the stock a “sector underperform” rating in a report on Thursday, May 23rd.

Check Out Our Latest Analysis on BVN

Compañía de Minas Buenaventura S.A.A. Price Performance

Shares of BVN stock opened at $17.06 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.32 and a debt-to-equity ratio of 0.21. Compañía de Minas Buenaventura S.A.A. has a 52-week low of $7.06 and a 52-week high of $18.84. The firm’s 50-day moving average is $17.11 and its 200-day moving average is $15.75.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVNGet Free Report) last released its quarterly earnings results on Monday, April 29th. The mining company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.13. The firm had revenue of $246.80 million for the quarter, compared to analysts’ expectations of $171.25 million. Compañía de Minas Buenaventura S.A.A. had a net margin of 1.91% and a return on equity of 0.76%. As a group, equities research analysts forecast that Compañía de Minas Buenaventura S.A.A. will post 1 EPS for the current fiscal year.

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

Several large investors have recently modified their holdings of the business. Van ECK Associates Corp raised its stake in shares of Compañía de Minas Buenaventura S.A.A. by 18.1% during the first quarter. Van ECK Associates Corp now owns 32,065,440 shares of the mining company’s stock valued at $509,199,000 after acquiring an additional 4,912,454 shares during the last quarter. Citigroup Inc. raised its stake in 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 worth $103,885,000 after buying an additional 1,083,419 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Compañía de Minas Buenaventura S.A.A. by 20.6% during 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 buying an additional 982,785 shares during the last quarter. National Bank of Canada FI raised its stake in Compañía de Minas Buenaventura S.A.A. by 990.5% during the fourth quarter. National Bank of Canada FI now owns 5,539,485 shares of the mining company’s stock worth $81,430,000 after buying an additional 5,031,505 shares during the last quarter. Finally, Polunin Capital Partners Ltd raised its stake in Compañía de Minas Buenaventura S.A.A. by 8.0% during the first quarter. Polunin Capital Partners Ltd now owns 4,840,032 shares of the mining company’s stock worth $76,860,000 after buying an additional 358,911 shares during the last quarter.

Compañía de Minas Buenaventura S.A.A. Company Profile

(Get Free Report)

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.

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