Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Shares Gap Up – Should You Buy?

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) gapped up before the market opened on Tuesday . The stock had previously closed at $15.39, but opened at $15.79. Compañía de Minas Buenaventura S.A.A. shares last traded at $15.69, with a volume of 349,323 shares changing hands.

Analyst Ratings Changes

BVN has been the subject of several recent research reports. StockNews.com downgraded shares of Compañía de Minas Buenaventura S.A.A. from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. Scotiabank upgraded Compañía de Minas Buenaventura S.A.A. from a “sector underperform” rating to a “sector perform” rating and set a $15.00 price target for the company in a research report on Thursday, November 21st.

Compañía de Minas Buenaventura S.A.A. Stock Up 1.9 %

The stock’s fifty day moving average is $13.08 and its two-hundred day moving average is $12.90. The firm has a market cap of $3.98 billion, a P/E ratio of 11.12 and a beta of 0.76. The company has a current ratio of 1.82, a quick ratio of 1.64 and a debt-to-equity ratio of 0.07.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last announced its earnings results on Thursday, February 20th. The mining company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). The company had revenue of $299.59 million during the quarter, compared to analysts’ expectations of $315.77 million. Compañía de Minas Buenaventura S.A.A. had a net margin of 32.40% and a return on equity of 6.15%. As a group, research analysts anticipate that Compañía de Minas Buenaventura S.A.A. will post 1.13 earnings per share for the current year.

Hedge Funds Weigh In On Compañía de Minas Buenaventura S.A.A.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in Compañía de Minas Buenaventura S.A.A. in the 4th quarter worth approximately $50,000. Barclays PLC lifted its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 37.2% in the 3rd quarter. Barclays PLC now owns 161,288 shares of the mining company’s stock worth $2,232,000 after acquiring an additional 43,692 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 212.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,698,044 shares of the mining company’s stock worth $23,501,000 after acquiring an additional 1,153,819 shares during the last quarter. Weiss Asset Management LP purchased a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the 3rd quarter valued at $1,367,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Compañía de Minas Buenaventura S.A.A. during the 3rd quarter valued at $153,000.

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

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.