Today: Today: The Zacks Investment Research Downgraded Compania de Minas Buenaventura SAA (BVN) to Sell

Today: The Zacks Investment Research Downgraded Compania de Minas Buenaventura SAA (BVN) to Sell

Compania de Minas Buenaventura SAA (NYSE:BVN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

According to Zacks, “COMPAÑÍA DE MINAS BUENAVENTURA is a leading mining company producing precious metals and holding mining rights in Peru. Since its inception in 1953, Buenaventura has focused on exploration and exploitation activities both by its own and through joint ventures. Buenaventura also is an important shareholder of Minera Yanacocha S.R.L., one of the leading gold producers in Latin America. “

Separately, HSBC cut shares of Compania de Minas Buenaventura SAA from a “buy” rating to a “hold” rating and set a $15.10 price objective for the company. in a research note on Thursday, November 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $12.60.

Shares of Compania de Minas Buenaventura SAA (NYSE:BVN) traded up 3.74% during mid-day trading on Monday, reaching $11.37. The company’s stock had a trading volume of 1,325,179 shares. The stock’s market capitalization is $2.91 billion. The company’s 50-day moving average is $12.47 and its 200-day moving average is $12.64. Compania de Minas Buenaventura SAA has a 52 week low of $3.30 and a 52 week high of $16.45.

Compania de Minas Buenaventura SAA (NYSE:BVN) last issued its quarterly earnings data on Friday, October 28th. The mining company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.22. Compania de Minas Buenaventura SAA had a negative return on equity of 5.78% and a negative net margin of 20.68%. The business had revenue of $269 million for the quarter, compared to analysts’ expectations of $262 million. During the same period last year, the business earned ($0.09) earnings per share. The company’s revenue for the quarter was up 27.5% on a year-over-year basis. Equities analysts predict that Compania de Minas Buenaventura SAA will post $0.66 EPS for the current year.

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 paid a $0.029 dividend. The ex-dividend date is Tuesday, November 8th. Compania de Minas Buenaventura SAA’s payout ratio is currently -3.61%.

A number of hedge funds have recently added to or reduced their stakes in BVN. Franklin Resources Inc. boosted its stake in Compania de Minas Buenaventura SAA by 2.5% in the first quarter. Franklin Resources Inc. now owns 8,752,353 shares of the mining company’s stock valued at $64,418,000 after buying an additional 209,396 shares during the last quarter. BlackRock Group LTD boosted its stake in Compania de Minas Buenaventura SAA by 3.0% in the third quarter. BlackRock Group LTD now owns 7,257,323 shares of the mining company’s stock valued at $100,442,000 after buying an additional 212,794 shares during the last quarter. Oldfield Partners LLP boosted its stake in Compania de Minas Buenaventura SAA by 4.4% in the fourth quarter. Oldfield Partners LLP now owns 5,673,850 shares of the mining company’s stock valued at $24,182,000 after buying an additional 237,700 shares during the last quarter. Morgan Stanley boosted its stake in Compania de Minas Buenaventura SAA by 25.8% in the fourth quarter. Morgan Stanley now owns 5,411,756 shares of the mining company’s stock valued at $23,162,000 after buying an additional 1,108,713 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its stake in Compania de Minas Buenaventura SAA by 12.2% in the third quarter. BlackRock Fund Advisors now owns 4,887,375 shares of the mining company’s stock valued at $67,641,000 after buying an additional 530,668 shares during the last quarter. 50.41% of the stock is owned by hedge funds and other institutional investors.

About Compania de Minas Buenaventura SAA

Compania de Minas Buenaventura SAA. (Buenaventura) is a precious metals company. The Company is engaged in the exploration, mining and processing of gold, silver and other metals in Peru. The Company’s segments include Production and sale of minerals; Exploration and development activities; Construction and engineering services; Energy generation and transmission services; Insurance brokerage; Rental of mining concessions; Holding of investment in shares (mainly in Minera Yanacocha S.R.L.

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