Trade Report: Today: The Zacks Investment Research lowers the Stock rating of Compania de Minas Buenaventura SAA (BVN)

Today: The Zacks Investment Research lowers the Stock rating of Compania de Minas Buenaventura SAA (BVN)

Compania de Minas Buenaventura SAA (NYSE:BVN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research 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 Compania de Minas Buenaventura SAA from a “buy” rating to a “hold” rating and set a $15.10 price target on the stock. in a research report on Thursday, November 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $12.60.

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

Compania de Minas Buenaventura SAA (NYSE:BVN) last issued its quarterly earnings results on Friday, October 28th. The mining company reported ($0.10) EPS 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 company earned $269 million during the quarter, compared to the consensus estimate of $262 million. During the same quarter in the previous year, the business posted ($0.09) EPS. The firm’s revenue for the quarter was up 27.5% on a year-over-year basis. On average, equities analysts anticipate that Compania de Minas Buenaventura SAA will post $0.66 earnings per share for the current year.

The firm 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 $0.029 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. Compania de Minas Buenaventura SAA’s dividend payout ratio is presently -3.61%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BVN. RWC Asset Management LLP boosted its position in Compania de Minas Buenaventura SAA by 4.1% in the third quarter. RWC Asset Management LLP now owns 1,836,162 shares of the mining company’s stock worth $25,412,000 after buying an additional 71,706 shares in the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new position in Compania de Minas Buenaventura SAA during the third quarter worth about $2,165,000. Verition Fund Management LLC boosted its position in Compania de Minas Buenaventura SAA by 156.2% in the third quarter. Verition Fund Management LLC now owns 46,771 shares of the mining company’s stock worth $647,000 after buying an additional 28,514 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Compania de Minas Buenaventura SAA by 130.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 751,833 shares of the mining company’s stock worth $10,405,000 after buying an additional 426,233 shares in the last quarter. Finally, Xact Kapitalforvaltning AB acquired a new position in Compania de Minas Buenaventura SAA during the third quarter worth about $191,000. Hedge funds and other institutional investors own 50.41% of the company’s stock.

Compania de Minas Buenaventura SAA Company Profile

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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