Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Short Interest Update

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) was the target of a significant growth in short interest in August. As of August 15th, there was short interest totalling 5,770,000 shares, a growth of 17.5% from the July 31st total of 4,910,000 shares. Currently, 2.3% of the shares of the stock are short sold. Based on an average daily volume of 1,200,000 shares, the short-interest ratio is presently 4.8 days.

Compañía de Minas Buenaventura S.A.A. Trading Down 2.5 %

BVN traded down $0.32 during trading hours on Monday, reaching $12.40. The company’s stock had a trading volume of 1,222,700 shares, compared to its average volume of 1,384,662. The stock has a market cap of $3.15 billion, a PE ratio of 206.67 and a beta of 0.83. Compañía de Minas Buenaventura S.A.A. has a fifty-two week low of $7.73 and a fifty-two week high of $18.84. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.40 and a quick ratio of 1.17. The business’s 50-day moving average is $15.39 and its 200-day moving average is $16.21.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last announced its quarterly earnings results on Tuesday, July 30th. The mining company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.06). The business had revenue of $277.11 million during the quarter, compared to analyst estimates of $252.21 million. Compañía de Minas Buenaventura S.A.A. had a net margin of 9.54% and a return on equity of 3.17%. During the same period last year, the company earned ($0.03) EPS. As a group, equities research analysts predict that Compañía de Minas Buenaventura S.A.A. will post 1.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Csenge Advisory Group lifted its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 266.9% in the 2nd quarter. Csenge Advisory Group now owns 126,300 shares of the mining company’s stock worth $2,141,000 after acquiring an additional 91,881 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Compañía de Minas Buenaventura S.A.A. by 1,640.8% during the fourth quarter. Russell Investments Group Ltd. now owns 34,329 shares of the mining company’s stock worth $523,000 after purchasing an additional 32,357 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Compañía de Minas Buenaventura S.A.A. by 5.2% during the fourth quarter. BNP Paribas Financial Markets now owns 100,833 shares of the mining company’s stock worth $1,537,000 after buying an additional 4,993 shares during the period. Diversify Advisory Services LLC acquired a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the second quarter valued at $243,000. Finally, Compass Group LLC raised its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 57.5% in the 4th quarter. Compass Group LLC now owns 164,390 shares of the mining company’s stock valued at $2,505,000 after buying an additional 60,000 shares during the period.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Morgan Stanley upgraded Compañía de Minas Buenaventura S.A.A. from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $19.00 to $21.00 in a report on Friday, June 21st. Scotiabank cut their price objective on shares of Compañía de Minas Buenaventura S.A.A. from $16.00 to $15.00 and set a “sector underperform” rating for the company in a research report on Monday, August 19th.

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.