Morgan Stanley Lowers Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Price Target to $18.00

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) had its target price cut by Morgan Stanley from $21.00 to $18.00 in a report issued on Thursday morning, Benzinga reports. They currently have an overweight rating on the mining company’s stock.

Separately, Scotiabank lowered their target price on Compañía de Minas Buenaventura S.A.A. from $16.00 to $15.00 and set a sector underperform rating on the stock in a research report on Monday, August 19th.

Compañía de Minas Buenaventura S.A.A. Price Performance

Shares of BVN opened at $13.67 on Thursday. Compañía de Minas Buenaventura S.A.A. has a 52-week low of $7.73 and a 52-week high of $18.84. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.40. The business’s 50 day moving average price is $14.11 and its two-hundred day moving average price is $15.91. The firm has a market cap of $3.47 billion, a PE ratio of 227.83 and a beta of 0.81.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last issued its quarterly earnings results on Tuesday, July 30th. The mining company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.06). Compañía de Minas Buenaventura S.A.A. had a net margin of 9.54% and a return on equity of 3.17%. The business had revenue of $277.11 million during the quarter, compared to analyst estimates of $252.21 million. During the same period last year, the firm posted ($0.03) earnings per share. On average, equities analysts anticipate that Compañía de Minas Buenaventura S.A.A. will post 1.41 EPS for the current year.

Hedge Funds Weigh In On Compañía de Minas Buenaventura S.A.A.

A number of institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Compañía de Minas Buenaventura S.A.A. by 16.8% during the second quarter. GAMMA Investing LLC now owns 4,968 shares of the mining company’s stock worth $84,000 after purchasing an additional 716 shares during the period. Sei Investments Co. raised its position in Compañía de Minas Buenaventura S.A.A. by 0.4% in the 2nd quarter. Sei Investments Co. now owns 200,705 shares of the mining company’s stock valued at $3,402,000 after buying an additional 800 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Compañía de Minas Buenaventura S.A.A. by 63.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,709 shares of the mining company’s stock valued at $42,000 after buying an additional 1,054 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Compañía de Minas Buenaventura S.A.A. in the 2nd quarter valued at $35,000. Finally, Employees Retirement System of Texas purchased a new stake in Compañía de Minas Buenaventura S.A.A. in the 2nd quarter valued at $47,000.

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.