Compania de Minas Buenaventura SAA (BVN) Given Consensus Recommendation of “Hold” by Brokerages

Compania de Minas Buenaventura SAA (NYSE:BVN) has been assigned an average recommendation of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $18.00.

BVN has been the subject of a number of recent research reports. Scotiabank lowered Compania de Minas Buenaventura SAA from a “sector perform” rating to an “underperform” rating in a research note on Friday, January 18th. Zacks Investment Research upgraded Compania de Minas Buenaventura SAA from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Thursday, January 3rd. JPMorgan Chase & Co. lifted their price target on Compania de Minas Buenaventura SAA from $14.00 to $18.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Morgan Stanley downgraded Compania de Minas Buenaventura SAA from an “overweight” rating to an “equal weight” rating in a report on Monday, February 25th. Finally, Goldman Sachs Group began coverage on Compania de Minas Buenaventura SAA in a research report on Tuesday, February 19th. They set a “sell” rating for the company.

NYSE BVN traded up $0.08 during trading hours on Friday, hitting $17.28. 902,732 shares of the company’s stock were exchanged, compared to its average volume of 1,269,351. Compania de Minas Buenaventura SAA has a 12-month low of $11.67 and a 12-month high of $17.78. The company has a market capitalization of $4.42 billion, a PE ratio of 54.00 and a beta of 0.51. The company has a current ratio of 1.91, a quick ratio of 1.57 and a debt-to-equity ratio of 0.18.

Hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp lifted its stake in shares of Compania de Minas Buenaventura SAA by 122.5% during the 4th quarter. Van ECK Associates Corp now owns 34,458,637 shares of the mining company’s stock valued at $558,919,000 after buying an additional 18,971,580 shares in the last quarter. FMR LLC raised its stake in Compania de Minas Buenaventura SAA by 19.2% during the 3rd quarter. FMR LLC now owns 12,965,401 shares of the mining company’s stock worth $173,866,000 after buying an additional 2,092,676 shares during the period. BlackRock Inc. raised its stake in Compania de Minas Buenaventura SAA by 4.9% during the 3rd quarter. BlackRock Inc. now owns 15,505,739 shares of the mining company’s stock worth $207,932,000 after buying an additional 722,222 shares during the period. Teachers Advisors LLC raised its stake in Compania de Minas Buenaventura SAA by 70.0% during the 3rd quarter. Teachers Advisors LLC now owns 1,009,181 shares of the mining company’s stock worth $13,533,000 after buying an additional 415,700 shares during the period. Finally, Vanguard Group Inc raised its stake in Compania de Minas Buenaventura SAA by 4.1% during the 3rd quarter. Vanguard Group Inc now owns 7,444,281 shares of the mining company’s stock worth $99,828,000 after buying an additional 295,174 shares during the period. 60.04% of the stock is currently owned by institutional investors.

Compania de Minas Buenaventura SAA Company Profile

Compañía de Minas Buenaventura SAA., a precious metals company, engages in the exploration, mining, and processing of gold, silver, lead, zinc, and copper metals in Peru, the United States, Europe, and Asia. The company operates five operating mining units, including Uchucchacua, Orcopampa, Julcani, Mallay, and Tambomayo in Peru; and San Gabriel, a mining unit under development stage.

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