Trade Report: The Compania de Minas Buenaventura SAA (BVN) Releases Earnings Results, Misses Expectations By $0.22 EPS

The Compania de Minas Buenaventura SAA (BVN) Releases  Earnings Results, Misses Expectations By $0.22 EPS

Compania de Minas Buenaventura SAA (NYSE:BVN) announced its quarterly earnings results on Friday. The mining company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.22. Compania de Minas Buenaventura SAA had a negative net margin of 20.68% and a negative return on equity of 5.79%. The business earned $269 million during the quarter, compared to the consensus estimate of $262 million. During the same period in the previous year, the business posted ($0.09) EPS. Compania de Minas Buenaventura SAA’s revenue was up 27.5% compared to the same quarter last year.

Compania de Minas Buenaventura SAA (NYSE:BVN) opened at 12.91 on Monday. Compania de Minas Buenaventura SAA has a 52-week low of $3.30 and a 52-week high of $16.45. The company’s market cap is $3.28 billion. The firm’s 50 day moving average is $13.51 and its 200 day moving average is $12.21.

The company also recently announced an annual dividend, which will be paid on Wednesday, December 7th. Shareholders of record on Thursday, November 10th will be given a dividend of $0.029 per share. The ex-dividend date of this dividend is Tuesday, November 8th.

Several institutional investors have recently added to or reduced their stakes in BVN. Caisse DE Depot ET Placement DU Quebec boosted its position in Compania de Minas Buenaventura SAA by 1.1% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 844,529 shares of the mining company’s stock worth $10,092,000 after buying an additional 9,100 shares during the last quarter. Jane Street Group LLC boosted its position in Compania de Minas Buenaventura SAA by 215.8% in the second quarter. Jane Street Group LLC now owns 58,726 shares of the mining company’s stock worth $702,000 after buying an additional 40,131 shares during the last quarter. Paloma Partners Management Co boosted its position in Compania de Minas Buenaventura SAA by 81.4% in the second quarter. Paloma Partners Management Co now owns 34,372 shares of the mining company’s stock worth $411,000 after buying an additional 15,419 shares during the last quarter. Panagora Asset Management Inc. boosted its position in Compania de Minas Buenaventura SAA by 96.2% in the second quarter. Panagora Asset Management Inc. now owns 200,055 shares of the mining company’s stock worth $2,391,000 after buying an additional 98,066 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its position in Compania de Minas Buenaventura SAA by 14.3% in the second quarter. Guggenheim Capital LLC now owns 420,137 shares of the mining company’s stock worth $5,021,000 after buying an additional 52,593 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Separately, Zacks Investment Research cut shares of Compania de Minas Buenaventura SAA from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 10th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Compania de Minas Buenaventura SAA presently has a consensus rating of “Buy” and a consensus target price of $11.98.

Compania de Minas Buenaventura SAA Company Profile

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