Buenaventura Mining Company Inc. (BVN) Upgraded at Scotiabank

Buenaventura Mining Company Inc. (NYSE:BVN) was upgraded by research analysts at Scotiabank from an “underperform” rating to a “sector perform” rating in a report released on Monday.

Several other analysts have also recently issued reports on BVN. Zacks Investment Research cut Buenaventura Mining from a “buy” rating to a “hold” rating in a research note on Thursday. BidaskClub raised Buenaventura Mining from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Credit Suisse Group reissued a “hold” rating on shares of Buenaventura Mining in a research note on Friday, July 28th. Finally, Morgan Stanley raised Buenaventura Mining from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $13.00 to $17.30 in a research note on Monday, September 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $16.13.

Shares of Buenaventura Mining (NYSE:BVN) traded down 2.14% on Monday, hitting $13.70. The stock had a trading volume of 1,310,853 shares. Buenaventura Mining has a 1-year low of $9.87 and a 1-year high of $14.96. The firm’s market capitalization is $4.22 billion. The firm has a 50 day moving average of $13.62 and a 200-day moving average of $12.58.

Buenaventura Mining (NYSE:BVN) last posted its earnings results 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). The business had revenue of $256.73 million during the quarter, compared to the consensus estimate of $327.50 million. Buenaventura Mining had a negative return on equity of 11.11% and a negative net margin of 29.67%. The firm’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.22 earnings per share. Equities analysts predict that Buenaventura Mining will post $0.89 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Buenaventura Mining Company Inc. (BVN) Upgraded at Scotiabank” was published by Community Financial News and is owned by of Community Financial News. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://www.com-unik.info/2017/10/30/buenaventura-mining-company-inc-bvn-upgraded-at-scotiabank.html.

A number of institutional investors and hedge funds have recently modified their holdings of the business. APG Asset Management N.V. lifted its holdings in Buenaventura Mining by 116.8% in the third quarter. APG Asset Management N.V. now owns 1,090,300 shares of the mining company’s stock worth $13,945,000 after buying an additional 587,400 shares during the period. Shell Asset Management Co. lifted its holdings in Buenaventura Mining by 49.7% in the third quarter. Shell Asset Management Co. now owns 423,129 shares of the mining company’s stock worth $4,900,000 after buying an additional 140,466 shares during the period. Bank of Nova Scotia lifted its holdings in Buenaventura Mining by 43.8% in the second quarter. Bank of Nova Scotia now owns 628,609 shares of the mining company’s stock worth $7,233,000 after buying an additional 191,400 shares during the period. Janus Henderson Group PLC purchased a new stake in Buenaventura Mining in the second quarter worth about $1,884,000. Finally, Macquarie Group Ltd. lifted its holdings in Buenaventura Mining by 39.6% in the second quarter. Macquarie Group Ltd. now owns 4,678,583 shares of the mining company’s stock worth $53,806,000 after buying an additional 1,326,244 shares during the period. Institutional investors and hedge funds own 45.10% 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.

What are top analysts saying about Buenaventura Mining Company Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Buenaventura Mining Company Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit