Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Short Interest Update

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 12,570,000 shares, a growth of 341.1% from the February 29th total of 2,850,000 shares. Based on an average daily volume of 1,520,000 shares, the short-interest ratio is currently 8.3 days. Currently, 5.0% of the shares of the company are sold short.

Compañía de Minas Buenaventura S.A.A. Stock Down 1.4 %

Shares of Compañía de Minas Buenaventura S.A.A. stock opened at $16.01 on Thursday. The company has a current ratio of 1.31, a quick ratio of 1.14 and a debt-to-equity ratio of 0.21. Compañía de Minas Buenaventura S.A.A. has a 12-month low of $6.45 and a 12-month high of $17.80. The firm’s 50-day moving average price is $15.76 and its two-hundred day moving average price is $12.16.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last issued its quarterly earnings data on Thursday, February 29th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.17). The business had revenue of $253.80 million during the quarter, compared to the consensus estimate of $225.38 million. Compañía de Minas Buenaventura S.A.A. had a net margin of 2.41% and a return on equity of 0.84%. As a group, sell-side analysts predict that Compañía de Minas Buenaventura S.A.A. will post 0.7 earnings per share for the current year.

Wall Street Analyst Weigh In

BVN has been the subject of several recent research reports. Morgan Stanley lowered shares of Compañía de Minas Buenaventura S.A.A. from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 12th. Scotiabank upped their price objective on shares of Compañía de Minas Buenaventura S.A.A. from $12.50 to $13.00 and gave the company a “sector underperform” rating in a research note on Monday, March 4th.

Institutional Trading of Compañía de Minas Buenaventura S.A.A.

Several hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp raised its stake in shares of Compañía de Minas Buenaventura S.A.A. by 6.6% during the 4th quarter. Van ECK Associates Corp now owns 27,152,986 shares of the mining company’s stock worth $413,812,000 after purchasing an additional 1,685,253 shares during the period. BlackRock Inc. grew its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 4.4% during the third quarter. BlackRock Inc. now owns 15,531,799 shares of the mining company’s stock worth $104,529,000 after purchasing an additional 660,711 shares in the last quarter. Westwood Global Investments LLC boosted its stake in Compañía de Minas Buenaventura S.A.A. by 2.7% in the third quarter. Westwood Global Investments LLC now owns 13,759,968 shares of the mining company’s stock worth $117,235,000 after buying an additional 360,516 shares in the last quarter. Citigroup Inc. boosted its stake in Compañía de Minas Buenaventura S.A.A. by 9.8% in the third quarter. Citigroup Inc. now owns 12,193,046 shares of the mining company’s stock worth $103,885,000 after buying an additional 1,083,419 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Compañía de Minas Buenaventura S.A.A. by 2.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,312,339 shares of the mining company’s stock valued at $53,781,000 after purchasing an additional 136,735 shares during the last quarter.

About Compañía de Minas Buenaventura S.A.A.

Compañía de Minas Buenaventura SAA. engages in the exploration, mining, concentration, smelting, and marketing of polymetallic ores and metals in Peru, the United States, Asia, and Europe. 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.