Compania de Minas Buenaventura SAA (BVN) Rating Lowered to Sell at Zacks Investment Research

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Zacks Investment Research cut shares of Compania de Minas Buenaventura SAA (NYSE:BVN) from a hold rating to a sell rating in a research note released on Monday.

According to Zacks, “COMPAÑÍA DE MINAS BUENAVENTURA is a leading mining company producing precious metals and holding mining rights in Peru. Since its inception in 1953, Buenaventura has focused on exploration and exploitation activities both by its own and through joint ventures. Buenaventura also is an important shareholder of Minera Yanacocha S.R.L., one of the leading gold producers in Latin America. “

Several other analysts have also recently commented on the company. Scotiabank cut Compania de Minas Buenaventura SAA from a sector perform rating to an underperform rating in a report on Friday, January 18th. Goldman Sachs Group began coverage on Compania de Minas Buenaventura SAA in a research report on Tuesday, February 19th. They set a sell rating for the company. Finally, Morgan Stanley downgraded Compania de Minas Buenaventura SAA from an overweight rating to an equal weight rating in a research report on Monday, February 25th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Compania de Minas Buenaventura SAA currently has an average rating of Hold and an average target price of $17.33.

NYSE:BVN opened at $17.31 on Monday. Compania de Minas Buenaventura SAA has a 52-week low of $11.67 and a 52-week high of $17.59. The company has a current ratio of 1.91, a quick ratio of 1.57 and a debt-to-equity ratio of 0.18. The company has a market cap of $4.41 billion, a P/E ratio of 61.96 and a beta of 0.51.

Large investors have recently bought and sold shares of the company. Engineers Gate Manager LP acquired a new position in shares of Compania de Minas Buenaventura SAA during the third quarter worth approximately $198,000. American Century Companies Inc. increased its stake in shares of Compania de Minas Buenaventura SAA by 36.3% in the third quarter. American Century Companies Inc. now owns 578,500 shares of the mining company’s stock worth $7,758,000 after acquiring an additional 154,000 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Compania de Minas Buenaventura SAA by 4.8% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 123,472 shares of the mining company’s stock worth $1,656,000 after buying an additional 5,680 shares during the last quarter. Bank of New York Mellon Corp increased its position in Compania de Minas Buenaventura SAA by 3.5% during the third quarter. Bank of New York Mellon Corp now owns 569,667 shares of the mining company’s stock worth $7,639,000 after buying an additional 19,343 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in Compania de Minas Buenaventura SAA by 4.9% during the third quarter. BlackRock Inc. now owns 15,505,739 shares of the mining company’s stock valued at $207,932,000 after acquiring an additional 722,222 shares during the period. 59.90% of the stock is owned by institutional investors.

About Compania de Minas Buenaventura SAA

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.

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