Compania de Minas Buenaventura SAA (BVN) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of Compania de Minas Buenaventura SAA (NYSE:BVN) from a buy rating to a hold rating in a report issued on Friday morning.

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. “

Several other brokerages have also issued reports on BVN. Scotiabank upgraded Compania de Minas Buenaventura SAA from an underperform rating to a sector perform rating in a report on Monday, October 30th. Morgan Stanley upgraded Compania de Minas Buenaventura SAA from an equal weight rating to an overweight rating and increased their price target for the stock from $13.00 to $17.30 in a report on Monday, September 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $16.65.

Compania de Minas Buenaventura SAA (NYSE BVN) opened at $14.84 on Friday. The stock has a market capitalization of $3,814.89, a P/E ratio of -10.68 and a beta of 0.92. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 0.16. Compania de Minas Buenaventura SAA has a fifty-two week low of $10.87 and a fifty-two week high of $15.15.

Institutional investors have recently modified their holdings of the company. Empirical Finance LLC purchased a new stake in shares of Compania de Minas Buenaventura SAA in the third quarter worth approximately $140,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Compania de Minas Buenaventura SAA by 23.2% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 20,697 shares of the mining company’s stock worth $265,000 after purchasing an additional 3,897 shares during the last quarter. Voya Investment Management LLC raised its stake in shares of Compania de Minas Buenaventura SAA by 18.7% in the second quarter. Voya Investment Management LLC now owns 27,338 shares of the mining company’s stock worth $314,000 after purchasing an additional 4,303 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of Compania de Minas Buenaventura SAA in the third quarter worth approximately $372,000. Finally, Virtu Financial LLC raised its stake in shares of Compania de Minas Buenaventura SAA by 175.7% in the third quarter. Virtu Financial LLC now owns 33,889 shares of the mining company’s stock worth $217,000 after purchasing an additional 21,595 shares during the last quarter. 45.27% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: This article was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another publication, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this article can be accessed at https://www.com-unik.info/2018/01/06/compania-de-minas-buenaventura-saa-bvn-lowered-to-hold-at-zacks-investment-research.html.

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.

Receive News & Ratings for Compania de Minas Buenaventura SAA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compania de Minas Buenaventura SAA and related companies with MarketBeat.com's FREE daily email newsletter.

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