Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Short Interest Down 5.4% in June

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totalling 2,120,000 shares, a drop of 5.4% from the May 31st total of 2,240,000 shares. Based on an average daily volume of 1,440,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.8% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. 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. 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, Morgan Stanley raised Compañía de Minas Buenaventura S.A.A. from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $19.00 to $21.00 in a research report on Friday, June 21st.

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

Shares of BVN opened at $16.50 on Wednesday. The stock has a 50-day moving average of $17.26 and a two-hundred day moving average of $16.14. 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. has a one year low of $7.11 and a one year high of $18.84.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last issued its quarterly earnings data on Monday, April 29th. The mining company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.13. The business had revenue of $246.80 million during the quarter, compared to analysts’ expectations of $171.25 million. Compañía de Minas Buenaventura S.A.A. had a return on equity of 0.76% and a net margin of 1.91%. On average, research analysts forecast that Compañía de Minas Buenaventura S.A.A. will post 1.41 earnings per share for the current fiscal year.

Compañía de Minas Buenaventura S.A.A. Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, May 10th. Stockholders of record on Thursday, April 18th were issued a $0.0726 dividend. The ex-dividend date was Wednesday, April 17th. This represents a dividend yield of 0.5%. Compañía de Minas Buenaventura S.A.A.’s dividend payout ratio (DPR) is presently 116.69%.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC increased its stake in shares of Compañía de Minas Buenaventura S.A.A. by 24,960.6% in the 3rd quarter. Barclays PLC now owns 8,270 shares of the mining company’s stock valued at $70,000 after purchasing an additional 8,237 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Compañía de Minas Buenaventura S.A.A. by 219.0% in the 3rd quarter. American Century Companies Inc. now owns 1,284,784 shares of the mining company’s stock valued at $10,946,000 after purchasing an additional 881,969 shares in the last quarter. Citigroup Inc. increased its stake in shares of Compañía de Minas Buenaventura S.A.A. by 9.8% in the 3rd quarter. Citigroup Inc. now owns 12,193,046 shares of the mining company’s stock valued at $103,885,000 after purchasing an additional 1,083,419 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Compañía de Minas Buenaventura S.A.A. in the 4th quarter valued at about $286,000. Finally, TSP Capital Management Group LLC increased its stake in shares of Compañía de Minas Buenaventura S.A.A. by 12.8% in the 4th quarter. TSP Capital Management Group LLC now owns 1,300,326 shares of the mining company’s stock valued at $19,817,000 after purchasing an additional 147,900 shares in the last quarter.

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.