Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Lifted to Overweight at Morgan Stanley

Morgan Stanley upgraded shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVNFree Report) from an equal weight rating to an overweight rating in a research report sent to investors on Friday, MarketBeat reports. The brokerage currently has $21.00 price target on the mining company’s stock, up from their previous price target of $19.00.

Several other equities research analysts also recently weighed in on BVN. Scotiabank upped their target price on shares of Compañía de Minas Buenaventura S.A.A. from $15.00 to $16.00 and gave the stock a sector underperform rating in a research note on Thursday, May 23rd. StockNews.com upgraded Compañía de Minas Buenaventura S.A.A. from a sell rating to a hold rating in a research note on Wednesday, May 1st.

Read Our Latest Analysis on BVN

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

NYSE:BVN opened at $17.06 on Friday. Compañía de Minas Buenaventura S.A.A. has a fifty-two week low of $7.06 and a fifty-two week high of $18.84. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.14 and a current ratio of 1.32. The company has a 50 day moving average price of $17.11 and a 200 day moving average price of $15.80. The stock has a market capitalization of $4.33 billion, a P/E ratio of 284.33 and a beta of 0.85.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVNGet Free Report) last released its quarterly earnings results on Monday, April 29th. The mining company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $246.80 million for the quarter, compared to analysts’ expectations of $171.25 million. Equities research analysts forecast that Compañía de Minas Buenaventura S.A.A. will post 1 EPS for the current year.

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

The company also recently declared a semi-annual dividend, which was paid on Friday, May 10th. Investors of record on Thursday, April 18th were paid a $0.0726 dividend. The ex-dividend date was Wednesday, April 17th. This represents a yield of 0.5%. Compañía de Minas Buenaventura S.A.A.’s dividend payout ratio is currently 116.67%.

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

Several institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in Compañía de Minas Buenaventura S.A.A. during the fourth quarter worth approximately $174,000. Citigroup Inc. raised its holdings in Compañía de Minas Buenaventura S.A.A. by 9.8% during the third quarter. Citigroup Inc. now owns 12,193,046 shares of the mining company’s stock worth $103,885,000 after purchasing an additional 1,083,419 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Compañía de Minas Buenaventura S.A.A. by 249.1% during the 4th quarter. Blue Trust Inc. now owns 8,081 shares of the mining company’s stock worth $123,000 after buying an additional 5,766 shares during the last quarter. TSP Capital Management Group LLC boosted its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 12.8% in the 4th quarter. TSP Capital Management Group LLC now owns 1,300,326 shares of the mining company’s stock valued at $19,817,000 after buying an additional 147,900 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Compañía de Minas Buenaventura S.A.A. by 1,640.8% in the 4th quarter. Russell Investments Group Ltd. now owns 34,329 shares of the mining company’s stock valued at $523,000 after buying an additional 32,357 shares during the last quarter.

Compañía de Minas Buenaventura S.A.A. Company Profile

(Get Free Report)

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.

Featured Articles

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