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 decline in short interest during the month of June. As of June 15th, there was short interest totalling 2,120,000 shares, a decline 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 short-interest ratio is presently 1.5 days. Approximately 0.8% of the shares of the stock are sold short.

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

Shares of BVN opened at $16.50 on Wednesday. The stock has a fifty day moving average of $17.26 and a two-hundred day moving average of $16.14. The company has a current ratio of 1.32, a quick ratio of 1.14 and a debt-to-equity ratio of 0.21. Compañía de Minas Buenaventura S.A.A. has a fifty-two week low of $7.11 and a fifty-two week high of $18.84.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last issued its quarterly earnings results on Monday, April 29th. The mining company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.13. The company had revenue of $246.80 million during the quarter, compared to the consensus estimate 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%. Equities 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 company also recently disclosed a semi-annual dividend, which was paid on Friday, May 10th. Stockholders of record on Thursday, April 18th were issued a dividend of $0.0726 per share. The ex-dividend date of this dividend was Wednesday, April 17th. This represents a dividend yield of 0.5%. Compañía de Minas Buenaventura S.A.A.’s payout ratio is 116.69%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BVN. Scotiabank lifted 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. Morgan Stanley upgraded Compañía de Minas Buenaventura S.A.A. from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $19.00 to $21.00 in a research report on Friday, June 21st. Finally, StockNews.com upgraded Compañía de Minas Buenaventura S.A.A. from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st.

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

A number of institutional investors and hedge funds have recently made changes to their positions in BVN. National Bank of Canada FI increased its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 990.5% during the 4th quarter. National Bank of Canada FI now owns 5,539,485 shares of the mining company’s stock worth $81,430,000 after buying an additional 5,031,505 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 18.1% during the 1st quarter. Van ECK Associates Corp now owns 32,065,440 shares of the mining company’s stock worth $509,199,000 after buying an additional 4,912,454 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of Compañía de Minas Buenaventura S.A.A. during the 1st quarter worth $63,988,000. Citigroup Inc. increased its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 9.8% during the 3rd 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 during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 20.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,749,782 shares of the mining company’s stock worth $91,307,000 after buying an additional 982,785 shares during the last quarter.

About Compañía de Minas Buenaventura S.A.A.

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.