Compania de Minas Buenaventura SAA (NYSE:BVN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Monday.

According to Zacks, “COMPAÑÍA DE MINAS BUENAVENTURA is a leading mining company producing precious metals and holding mining rights in Peru. Since its inception in 1953, Buenaventura has focused on exploration and exploitation activities both by its own and through joint ventures. Buenaventura also is an important shareholder of Minera Yanacocha S.R.L., one of the leading gold producers in Latin America. “

Separately, HSBC lowered shares of Compania de Minas Buenaventura SAA from a “buy” rating to a “hold” rating and set a $15.10 price target on the stock. in a report on Thursday, November 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $12.60.

Compania de Minas Buenaventura SAA (NYSE:BVN) traded up 3.74% during mid-day trading on Monday, hitting $11.37. 1,325,179 shares of the company’s stock were exchanged. The stock’s market capitalization is $2.91 billion. The firm has a 50 day moving average of $12.47 and a 200 day moving average of $12.64. Compania de Minas Buenaventura SAA has a 52 week low of $3.30 and a 52 week high of $16.45.

Compania de Minas Buenaventura SAA (NYSE:BVN) last announced its quarterly earnings results on Friday, October 28th. The mining company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.22. The business earned $269 million during the quarter, compared to the consensus estimate of $262 million. Compania de Minas Buenaventura SAA had a negative net margin of 20.68% and a negative return on equity of 5.78%. The company’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.09) EPS. Equities analysts forecast that Compania de Minas Buenaventura SAA will post $0.66 earnings per share for the current fiscal year.

The business also recently declared an annual dividend, which will be paid on Wednesday, December 7th. Investors of record on Thursday, November 10th will be given a dividend of $0.029 per share. The ex-dividend date of this dividend is Tuesday, November 8th. Compania de Minas Buenaventura SAA’s dividend payout ratio (DPR) is -3.61%.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new position in shares of Compania de Minas Buenaventura SAA during the third quarter valued at about $111,000. Rational Advisors LLC bought a new position in shares of Compania de Minas Buenaventura SAA during the second quarter valued at about $105,000. Global X Management Co. LLC increased its position in shares of Compania de Minas Buenaventura SAA by 7.7% in the second quarter. Global X Management Co. LLC now owns 11,628 shares of the mining company’s stock valued at $139,000 after buying an additional 836 shares during the period. Sei Investments Co. increased its position in shares of Compania de Minas Buenaventura SAA by 2,398.3% in the third quarter. Sei Investments Co. now owns 11,667 shares of the mining company’s stock valued at $161,000 after buying an additional 11,200 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Compania de Minas Buenaventura SAA during the second quarter valued at about $145,000. Institutional investors and hedge funds own 50.41% of the company’s stock.

Compania de Minas Buenaventura SAA Company Profile

Compania de Minas Buenaventura SAA. (Buenaventura) is a precious metals company. The Company is engaged in the exploration, mining and processing of gold, silver and other metals in Peru. The Company’s segments include Production and sale of minerals; Exploration and development activities; Construction and engineering services; Energy generation and transmission services; Insurance brokerage; Rental of mining concessions; Holding of investment in shares (mainly in Minera Yanacocha S.R.L.

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