Buenaventura Mining Company Inc. (BVN) Stock Rating Upgraded by BidaskClub
Buenaventura Mining Company Inc. (NYSE:BVN) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Saturday.
A number of other analysts have also issued reports on the stock. Credit Suisse Group restated a “hold” rating on shares of Buenaventura Mining in a research note on Friday, July 28th. ValuEngine lowered shares of Buenaventura Mining from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $15.05.
Buenaventura Mining (BVN) opened at 13.11 on Friday. The stock’s 50 day moving average is $12.25 and its 200-day moving average is $12.26. Buenaventura Mining has a 1-year low of $9.87 and a 1-year high of $15.60. The company’s market capitalization is $4.04 billion.
Buenaventura Mining (NYSE:BVN) last issued its quarterly earnings results on Thursday, July 27th. The mining company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by $0.24. The company had revenue of $256.73 million during the quarter, compared to the consensus estimate of $327.50 million. Buenaventura Mining had a negative return on equity of 11.01% and a negative net margin of 33.54%. The firm’s quarterly revenue was down 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 EPS. On average, analysts expect that Buenaventura Mining will post $0.98 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “Buenaventura Mining Company Inc. (BVN) Stock Rating Upgraded by BidaskClub” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another website, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/08/28/buenaventura-mining-company-inc-bvn-stock-rating-upgraded-by-bidaskclub.html.
A number of hedge funds have recently added to or reduced their stakes in BVN. Dimensional Fund Advisors LP raised its stake in Buenaventura Mining by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 410,518 shares of the mining company’s stock valued at $4,653,000 after buying an additional 3,286 shares during the last quarter. Teachers Advisors LLC raised its stake in Buenaventura Mining by 29.7% in the fourth quarter. Teachers Advisors LLC now owns 88,622 shares of the mining company’s stock valued at $1,000,000 after buying an additional 20,300 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Buenaventura Mining during the first quarter valued at $270,000. Shell Asset Management Co. raised its stake in Buenaventura Mining by 3.7% in the first quarter. Shell Asset Management Co. now owns 306,185 shares of the mining company’s stock valued at $3,686,000 after buying an additional 10,904 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Buenaventura Mining by 6.5% in the first quarter. Russell Investments Group Ltd. now owns 1,508,421 shares of the mining company’s stock valued at $18,169,000 after buying an additional 91,857 shares during the last quarter. Hedge funds and other institutional investors own 44.94% of the company’s stock.
About Buenaventura Mining
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.
Receive News & Stock Ratings for Buenaventura Mining Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Buenaventura Mining Company Inc. and related stocks with our FREE daily email newsletter.