Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) PT Raised to $15.00

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) had its price objective lifted by Scotiabank from $13.00 to $15.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have a sector underperform rating on the mining company’s stock.

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

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

Shares of NYSE BVN opened at $16.88 on Wednesday. Compañía de Minas Buenaventura S.A.A. has a fifty-two week low of $6.45 and a fifty-two week high of $17.86. The company has a current ratio of 1.32, a quick ratio of 1.14 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average price is $16.30 and its 200-day moving average price is $13.60.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last released its earnings results on Monday, April 29th. The mining company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.13. Compañía de Minas Buenaventura S.A.A. had a return on equity of 0.76% and a net margin of 1.91%. The business had revenue of $246.80 million during the quarter, compared to the consensus estimate of $171.25 million. As a group, equities research analysts forecast that Compañía de Minas Buenaventura S.A.A. will post 1 earnings per share for the current year.

Compañía de Minas Buenaventura S.A.A. Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 18th will be issued a $0.0726 dividend. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, April 17th. Compañía de Minas Buenaventura S.A.A.’s dividend payout ratio is currently 116.69%.

Institutional Investors Weigh In On Compañía de Minas Buenaventura S.A.A.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sequoia Financial Advisors LLC increased its position in shares of Compañía de Minas Buenaventura S.A.A. by 15.5% during the third quarter. Sequoia Financial Advisors LLC now owns 12,033 shares of the mining company’s stock worth $103,000 after purchasing an additional 1,612 shares in the last quarter. Quadrant Capital Group LLC increased its position in Compañía de Minas Buenaventura S.A.A. by 20.4% during the 4th quarter. Quadrant Capital Group LLC now owns 13,472 shares of the mining company’s stock valued at $205,000 after buying an additional 2,281 shares in the last quarter. Shell Asset Management Co. raised its stake in 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 valued at $173,000 after buying an additional 2,600 shares during the last quarter. Fifth Third Bancorp acquired a new stake in Compañía de Minas Buenaventura S.A.A. in the fourth quarter worth about $46,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Compañía de Minas Buenaventura S.A.A. during the fourth quarter worth about $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.