Buenaventura Mining Company Inc. (NYSE:BVN) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Friday, June 30th.
Several other analysts have also recently issued reports on BVN. Zacks Investment Research upgraded Buenaventura Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, March 13th. ValuEngine cut Buenaventura Mining from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $15.05.
Buenaventura Mining (NYSE BVN) traded up 0.40% on Friday, reaching $12.50. The company’s stock had a trading volume of 1,527,182 shares. The firm’s 50 day moving average price is $11.72 and its 200-day moving average price is $12.38. Buenaventura Mining has a 52 week low of $9.87 and a 52 week high of $16.45. The company’s market capitalization is $3.17 billion.
Buenaventura Mining (NYSE:BVN) last announced its quarterly earnings data on Thursday, July 27th. The mining company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.24. Buenaventura Mining had a negative net margin of 27.18% and a negative return on equity of 8.86%. The firm had revenue of $256.73 million for the quarter, compared to analyst estimates of $327.50 million. During the same quarter in the previous year, the company earned $0.22 EPS. The company’s quarterly revenue was down 10.0% compared to the same quarter last year. On average, equities analysts predict that Buenaventura Mining will post $0.98 EPS for the current year.
Hedge funds have recently made changes to their positions in the company. Ronald Blue & Co. LLC bought a new stake in shares of Buenaventura Mining during the first quarter worth $127,000. ING Groep NV bought a new stake in shares of Buenaventura Mining during the first quarter worth $132,000. AQR Capital Management LLC bought a new stake in shares of Buenaventura Mining during the fourth quarter worth $131,000. Virtu Financial LLC bought a new stake in shares of Buenaventura Mining during the second quarter worth $141,000. Finally, Stevens Capital Management LP bought a new stake in shares of Buenaventura Mining during the first quarter worth $148,000. Institutional investors and hedge funds own 48.92% of the company’s stock.
Buenaventura Mining 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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