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

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. “

Separately, HSBC lowered shares of Compania de Minas Buenaventura SAA from a buy rating to a hold rating and set a $15.10 price target on the stock. in a research report on Thursday, November 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $12.60.

Compania de Minas Buenaventura SAA (NYSE:BVN) opened at 11.17 on Monday. Compania de Minas Buenaventura SAA has a 12 month low of $3.30 and a 12 month high of $16.45. The stock’s market capitalization is $2.86 billion. The company has a 50 day moving average price of $12.40 and a 200 day moving average price of $12.70.

Compania de Minas Buenaventura SAA (NYSE:BVN) last announced its earnings results on Friday, October 28th. The mining company reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.22. Compania de Minas Buenaventura SAA had a negative return on equity of 5.78% and a negative net margin of 20.68%. The firm had revenue of $269 million for the quarter, compared to the consensus estimate of $262 million. During the same period in the previous year, the firm earned ($0.09) EPS. Compania de Minas Buenaventura SAA’s revenue for the quarter was up 27.5% on a year-over-year basis. Equities research analysts predict that Compania de Minas Buenaventura SAA will post $0.66 earnings per share for the current year.

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The firm also recently declared an annual dividend, which will be paid on Wednesday, December 7th. Shareholders of record on Thursday, November 10th will be given a $0.029 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. Compania de Minas Buenaventura SAA’s dividend payout ratio (DPR) is -3.61%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. RWC Asset Management LLP boosted its position in Compania de Minas Buenaventura SAA by 4.1% in the third quarter. RWC Asset Management LLP now owns 1,836,162 shares of the mining company’s stock valued at $25,412,000 after buying an additional 71,706 shares during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new position in Compania de Minas Buenaventura SAA during the third quarter valued at $2,165,000. Verition Fund Management LLC boosted its position in Compania de Minas Buenaventura SAA by 156.2% in the third quarter. Verition Fund Management LLC now owns 46,771 shares of the mining company’s stock valued at $647,000 after buying an additional 28,514 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Compania de Minas Buenaventura SAA by 130.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 751,833 shares of the mining company’s stock valued at $10,405,000 after buying an additional 426,233 shares during the last quarter. Finally, Xact Kapitalforvaltning AB purchased a new position in Compania de Minas Buenaventura SAA during the third quarter valued at $191,000. Hedge funds and other institutional investors own 50.41% of the company’s stock.

About Compania de Minas Buenaventura SAA

Compania de Minas Buenaventura SAA. (Buenaventura) is a precious metals company. The Company is engaged in the exploration, mining and processing of gold, silver and other metals in Peru. The Company’s segments include Production and sale of minerals; Exploration and development activities; Construction and engineering services; Energy generation and transmission services; Insurance brokerage; Rental of mining concessions; Holding of investment in shares (mainly in Minera Yanacocha S.R.L.

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