Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Shares Up 4.1% – Here’s What Happened

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)’s stock price was up 4.1% during trading on Thursday . The company traded as high as $14.19 and last traded at $14.19. Approximately 186,003 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 901,279 shares. The stock had previously closed at $13.64.

Wall Street Analyst Weigh In

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

Compañía de Minas Buenaventura S.A.A. Trading Up 4.4 %

The business has a 50-day moving average price of $12.95 and a 200-day moving average price of $12.86. The company has a quick ratio of 1.64, a current ratio of 1.82 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $3.76 billion, a P/E ratio of 10.52 and a beta of 0.76.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last announced its quarterly earnings data on Thursday, February 20th. The mining company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). Compañía de Minas Buenaventura S.A.A. had a net margin of 32.40% and a return on equity of 6.15%. The business had revenue of $299.59 million during the quarter, compared to analyst estimates of $315.77 million. 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.

Hedge funds have recently modified their holdings of the stock. Atria Investments Inc grew its position in Compañía de Minas Buenaventura S.A.A. by 19.1% in the third quarter. Atria Investments Inc now owns 25,211 shares of the mining company’s stock valued at $349,000 after acquiring an additional 4,048 shares during the period. Aigen Investment Management LP acquired a new stake in Compañía de Minas Buenaventura S.A.A. during the 3rd quarter valued at $390,000. Citigroup Inc. raised its position in Compañía de Minas Buenaventura S.A.A. by 4.2% in the 3rd quarter. Citigroup Inc. now owns 381,706 shares of the mining company’s stock valued at $5,283,000 after purchasing an additional 15,302 shares during the last quarter. Sagil Capital LLP bought a new position in shares of Compañía de Minas Buenaventura S.A.A. in the third quarter valued at about $16,989,000. Finally, Quantbot Technologies LP lifted its position in Compañía de Minas Buenaventura S.A.A. by 1,666.8% during the 3rd quarter. Quantbot Technologies LP now owns 117,176 shares of the mining company’s stock worth $1,622,000 after buying an additional 110,544 shares in the last quarter.

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.