Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Short Interest Up 57.1% in July

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 4,950,000 shares, a growth of 57.1% from the June 30th total of 3,150,000 shares. Based on an average daily volume of 1,310,000 shares, the short-interest ratio is currently 3.8 days. Approximately 2.0% of the company’s shares are short sold.

Compañía de Minas Buenaventura S.A.A. Trading Up 0.9 %

Compañía de Minas Buenaventura S.A.A. stock traded up $0.14 during trading hours on Friday, hitting $15.92. The company had a trading volume of 2,148,409 shares, compared to its average volume of 1,006,264. The firm’s fifty day moving average is $17.07 and its 200-day moving average is $16.36. Compañía de Minas Buenaventura S.A.A. has a fifty-two week low of $7.22 and a fifty-two week high of $18.84. The company has a quick ratio of 1.14, a current ratio of 1.32 and a debt-to-equity ratio of 0.21.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last announced its quarterly earnings data on Monday, April 29th. The mining company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.13. Compañía de Minas Buenaventura S.A.A. had a return on equity of 3.20% and a net margin of 9.54%. The business had revenue of $246.80 million during the quarter, compared to analyst estimates of $171.25 million. Research analysts anticipate that Compañía de Minas Buenaventura S.A.A. will post 1.41 EPS for the current year.

Institutional Investors Weigh In On Compañía de Minas Buenaventura S.A.A.

Several large investors have recently made changes to their positions in the company. National Bank of Canada FI raised its position in Compañía de Minas Buenaventura S.A.A. by 990.5% during the fourth quarter. National Bank of Canada FI now owns 5,539,485 shares of the mining company’s stock valued at $81,430,000 after acquiring an additional 5,031,505 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Compañía de Minas Buenaventura S.A.A. by 18.1% during the 1st quarter. Van ECK Associates Corp now owns 32,065,440 shares of the mining company’s stock worth $509,199,000 after purchasing an additional 4,912,454 shares during the last quarter. Tidal Investments LLC bought a new position in shares of Compañía de Minas Buenaventura S.A.A. during the 1st quarter valued at $63,988,000. Mirae Asset Global Investments Co. Ltd. grew its position in Compañía de Minas Buenaventura S.A.A. by 20.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,749,782 shares of the mining company’s stock worth $91,307,000 after acquiring an additional 982,785 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in shares of Compañía de Minas Buenaventura S.A.A. by 189.8% in the first quarter. Jane Street Group LLC now owns 346,379 shares of the mining company’s stock valued at $5,500,000 after buying an additional 732,158 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have issued reports on BVN shares. Morgan Stanley raised shares of Compañía de Minas Buenaventura S.A.A. from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $19.00 to $21.00 in a research note on Friday, June 21st. StockNews.com raised Compañía de Minas Buenaventura S.A.A. from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Scotiabank raised their price objective on Compañía de Minas Buenaventura S.A.A. from $15.00 to $16.00 and gave the stock a “sector underperform” rating in a research report on Thursday, May 23rd.

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.