Compania de Minas Buenaventura SAA (NYSE:BVN) Short Interest Down 14.2% in June

Compania de Minas Buenaventura SAA (NYSE:BVN) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totalling 3,090,000 shares, a decrease of 14.2% from the June 15th total of 3,600,000 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 1,820,000 shares, the days-to-cover ratio is presently 1.7 days.

Shares of Compania de Minas Buenaventura SAA stock traded down $0.03 during trading on Tuesday, hitting $9.28. The company’s stock had a trading volume of 110,712 shares, compared to its average volume of 1,587,077. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.84 and a current ratio of 1.06. The company has a fifty day simple moving average of $8.59 and a two-hundred day simple moving average of $10.15. The company has a market capitalization of $2.32 billion, a PE ratio of -20.62 and a beta of 0.93. Compania de Minas Buenaventura SAA has a 52 week low of $5.12 and a 52 week high of $17.85.

Compania de Minas Buenaventura SAA (NYSE:BVN) last announced its quarterly earnings data on Monday, May 18th. The mining company reported ($0.30) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.27). Compania de Minas Buenaventura SAA had a negative net margin of 14.37% and a negative return on equity of 3.57%. The firm had revenue of $114.50 million for the quarter.

Several hedge funds and other institutional investors have recently made changes to their positions in BVN. Oldfield Partners LLP boosted its holdings in shares of Compania de Minas Buenaventura SAA by 11.0% during the 1st quarter. Oldfield Partners LLP now owns 6,010,475 shares of the mining company’s stock valued at $43,816,000 after acquiring an additional 596,100 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of Compania de Minas Buenaventura SAA by 1,493.0% in the fourth quarter. Citigroup Inc. now owns 495,985 shares of the mining company’s stock worth $7,489,000 after buying an additional 464,849 shares during the last quarter. State Street Corp boosted its holdings in shares of Compania de Minas Buenaventura SAA by 5.9% in the first quarter. State Street Corp now owns 7,335,059 shares of the mining company’s stock worth $53,473,000 after buying an additional 408,136 shares during the last quarter. Vestcor Investment Management Corp purchased a new position in shares of Compania de Minas Buenaventura SAA in the fourth quarter worth approximately $5,473,000. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Compania de Minas Buenaventura SAA by 53.3% in the fourth quarter. Nuveen Asset Management LLC now owns 506,993 shares of the mining company’s stock worth $7,656,000 after buying an additional 176,200 shares during the last quarter. 56.27% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have commented on BVN shares. Goldman Sachs Group upgraded shares of Compania de Minas Buenaventura SAA from a “sell” rating to a “buy” rating and set a $11.50 price objective for the company in a report on Monday, June 22nd. Zacks Investment Research lowered shares of Compania de Minas Buenaventura SAA from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Finally, TheStreet lowered shares of Compania de Minas Buenaventura SAA from a “c-” rating to a “d+” rating in a report on Friday, March 13th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Compania de Minas Buenaventura SAA currently has a consensus rating of “Buy” and a consensus target price of $10.25.

Compania de Minas Buenaventura SAA Company Profile

Compañía de Minas Buenaventura SAA., a precious metals company, engages in the exploration, mining, and processing of gold, silver, lead, zinc, and copper metals in Peru, the United States, Europe, and Asia. The company operates five operating mining units, including Uchucchacua, Orcopampa, Julcani, Mallay, and Tambomayo in Peru; and San Gabriel, a mining unit under development stage.

Further Reading: Price to Earnings Ratio (PE)

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