Todays Report: Today, Short Interest in Compania de Minas Buenaventura SAA (BVN) Grows By 65.5%

Today, Short Interest in Compania de Minas Buenaventura SAA (BVN) Grows By 65.5%

Compania de Minas Buenaventura SAA (NYSE:BVN) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 1,704,378 shares, an increase of 65.5% from the August 31st total of 1,029,635 shares. Based on an average daily trading volume, of 1,586,299 shares, the days-to-cover ratio is currently 1.1 days.

Shares of Compania de Minas Buenaventura SAA (NYSE:BVN) opened at 12.56 on Thursday. The company’s 50 day moving average is $14.10 and its 200 day moving average is $11.56. Compania de Minas Buenaventura SAA has a 12-month low of $3.30 and a 12-month high of $16.45. The firm’s market capitalization is $3.17 billion.

Compania de Minas Buenaventura SAA (NYSE:BVN) last announced its quarterly earnings data on Wednesday, July 27th. The mining company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.12. Compania de Minas Buenaventura SAA had a negative return on equity of 5.79% and a negative net margin of 21.83%. On average, analysts forecast that Compania de Minas Buenaventura SAA will post $0.75 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the company. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Compania de Minas Buenaventura SAA during the first quarter valued at $13,453,000. Emerald Acquisition Ltd. purchased a new stake in shares of Compania de Minas Buenaventura SAA during the second quarter valued at $20,474,000. Arlington Capital Management Inc. purchased a new stake in shares of Compania de Minas Buenaventura SAA during the second quarter valued at $12,159,000. Bank of Nova Scotia boosted its stake in shares of Compania de Minas Buenaventura SAA by 104.4% in the second quarter. Bank of Nova Scotia now owns 1,706,386 shares of the mining company’s stock valued at $20,392,000 after buying an additional 871,425 shares in the last quarter. Finally, RWC Asset Management LLP boosted its stake in shares of Compania de Minas Buenaventura SAA by 67.2% in the second quarter. RWC Asset Management LLP now owns 1,764,456 shares of the mining company’s stock valued at $21,085,000 after buying an additional 709,282 shares in the last quarter. 51.64% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have commented on BVN. Zacks Investment Research upgraded shares of Compania de Minas Buenaventura SAA from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Wednesday, September 28th. TheStreet upgraded shares of Compania de Minas Buenaventura SAA from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th. Finally, Bank of America Corp. upgraded shares of Compania de Minas Buenaventura SAA from a “neutral” rating to a “buy” rating and raised their target price for the stock from $10.00 to $14.00 in a report on Tuesday, June 28th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Compania de Minas Buenaventura SAA presently has an average rating of “Buy” and a consensus price target of $11.98.

Compania de Minas Buenaventura SAA Company Profile

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