Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Shares Gap Up – Here’s What Happened

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) shares gapped up prior to trading on Tuesday . The stock had previously closed at $15.39, but opened at $15.79. Compañía de Minas Buenaventura S.A.A. shares last traded at $15.69, with a volume of 349,323 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BVN shares. StockNews.com downgraded shares of Compañía de Minas Buenaventura S.A.A. from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. Scotiabank raised shares of Compañía de Minas Buenaventura S.A.A. from a “sector underperform” rating to a “sector perform” rating and set a $15.00 price target on the stock in a research note on Thursday, November 21st.

Compañía de Minas Buenaventura S.A.A. Stock Down 1.1 %

The company has a current ratio of 1.82, a quick ratio of 1.64 and a debt-to-equity ratio of 0.07. The firm has a market cap of $3.91 billion, a PE ratio of 10.94 and a beta of 0.76. The business’s 50-day simple moving average is $13.20 and its 200 day simple moving average is $12.94.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last posted its earnings results on Thursday, February 20th. The mining company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). The business had revenue of $299.59 million for the quarter, compared to analysts’ expectations of $315.77 million. Compañía de Minas Buenaventura S.A.A. had a net margin of 32.40% and a return on equity of 6.15%. As a group, equities research analysts expect that Compañía de Minas Buenaventura S.A.A. will post 1.13 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. bought a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the 4th quarter valued at about $50,000. Barclays PLC boosted its stake in Compañía de Minas Buenaventura S.A.A. by 37.2% in the 3rd quarter. Barclays PLC now owns 161,288 shares of the mining company’s stock worth $2,232,000 after purchasing an additional 43,692 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Compañía de Minas Buenaventura S.A.A. by 212.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,698,044 shares of the mining company’s stock worth $23,501,000 after purchasing an additional 1,153,819 shares in the last quarter. Weiss Asset Management LP acquired a new stake in Compañía de Minas Buenaventura S.A.A. in the 3rd quarter worth approximately $1,367,000. Finally, Sanctuary Advisors LLC acquired a new stake in Compañía de Minas Buenaventura S.A.A. in the 3rd quarter worth approximately $153,000.

About Compañía de Minas Buenaventura S.A.A.

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.