Scotiabank Boosts Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Price Target to $15.00

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) had its price objective boosted by analysts at Scotiabank from $13.00 to $15.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “sector underperform” rating on the mining company’s stock. Scotiabank’s target price would suggest a potential downside of 9.96% from the company’s current price.

Separately, Morgan Stanley downgraded shares of Compañía de Minas Buenaventura S.A.A. from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 12th.

Compañía de Minas Buenaventura S.A.A. Price Performance

BVN stock traded down $0.64 during mid-day trading on Wednesday, hitting $16.66. The company had a trading volume of 690,149 shares, compared to its average volume of 1,528,018. The company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 237.86 and a beta of 0.88. Compañía de Minas Buenaventura S.A.A. has a 12-month low of $6.45 and a 12-month high of $17.86. The company has a quick ratio of 1.14, a current ratio of 1.31 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $16.22 and a 200 day moving average price of $13.50.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last posted its earnings results on Monday, April 29th. The mining company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.13. Compañía de Minas Buenaventura S.A.A. had a net margin of 2.41% and a return on equity of 0.84%. The firm had revenue of $246.80 million for the quarter, compared to the consensus estimate of $171.25 million. On average, research analysts anticipate that Compañía de Minas Buenaventura S.A.A. will post 1 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC increased its stake in Compañía de Minas Buenaventura S.A.A. by 15.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 12,033 shares of the mining company’s stock valued at $103,000 after purchasing an additional 1,612 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Compañía de Minas Buenaventura S.A.A. by 20.4% in the fourth quarter. Quadrant Capital Group LLC now owns 13,472 shares of the mining company’s stock worth $205,000 after acquiring an additional 2,281 shares during the period. Shell Asset Management Co. increased its stake in shares of Compañía de Minas Buenaventura S.A.A. by 14.7% in the third quarter. Shell Asset Management Co. now owns 20,284 shares of the mining company’s stock worth $173,000 after acquiring an additional 2,600 shares during the period. Fifth Third Bancorp acquired a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the fourth quarter worth $46,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the fourth quarter worth $58,000.

About Compañía de Minas Buenaventura S.A.A.

Compañía de Minas Buenaventura SAA. engages in the exploration, development, construction, and operation of mineral processing business. The company explores for gold, silver, lead, zinc, and copper metals. It operates operating mining units, including Tambomayo located in the Caylloma province, Orcopampa Unit located in the province of Castilla, Uchucchacua located in province of Oyón, Julcani located in province of Angaraes, Peru, as well as San Gabrie located in the province of General Sánchez Cerro, in the Moquegua region.