Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.86 and traded as high as $13.80. Compañía de Minas Buenaventura S.A.A. shares last traded at $13.54, with a volume of 987,557 shares traded.

Wall Street Analyst Weigh In

BVN has been the subject of a number of research analyst reports. StockNews.com cut Compañía de Minas Buenaventura S.A.A. from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Scotiabank raised Compañía de Minas Buenaventura S.A.A. from a “sector underperform” rating to a “sector perform” rating and set a $15.00 price target for the company in a report on Thursday, November 21st.

Compañía de Minas Buenaventura S.A.A. Trading Down 0.5 %

The business has a fifty day simple moving average of $12.76 and a 200-day simple moving average of $12.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.64 and a current ratio of 1.82. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 9.60 and a beta of 0.76.

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

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

A number of institutional investors and hedge funds have recently bought and sold shares of BVN. FIL Ltd increased its holdings in Compañía de Minas Buenaventura S.A.A. by 810.7% in the 4th quarter. FIL Ltd now owns 2,635,020 shares of the mining company’s stock worth $30,355,000 after purchasing an additional 2,345,676 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Compañía de Minas Buenaventura S.A.A. in the 4th quarter worth about $25,970,000. Sagil Capital LLP bought a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the 3rd quarter valued at about $16,989,000. Tidal Investments LLC grew its position in shares of Compañía de Minas Buenaventura S.A.A. by 56.6% in the 4th quarter. Tidal Investments LLC now owns 3,332,263 shares of the mining company’s stock valued at $38,388,000 after buying an additional 1,204,879 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of 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 valued at $23,501,000 after buying an additional 1,153,819 shares during 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.