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

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) was the target of a significant growth in short interest in 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 trading volume, of 1,520,000 shares, the days-to-cover ratio is presently 8.3 days. Approximately 5.0% of the shares of the stock are sold short.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp acquired a new position in Compañía de Minas Buenaventura S.A.A. during the 4th quarter valued at about $46,000. Tower Research Capital LLC TRC acquired a new position in Compañía de Minas Buenaventura S.A.A. during the 1st quarter valued at about $50,000. GAMMA Investing LLC acquired a new position in Compañía de Minas Buenaventura S.A.A. during the 4th quarter valued at about $58,000. Creekmur Asset Management LLC acquired a new position in Compañía de Minas Buenaventura S.A.A. during the 4th quarter valued at about $60,000. Finally, Barclays PLC boosted its stake in Compañía de Minas Buenaventura S.A.A. by 24,960.6% during the 3rd quarter. Barclays PLC now owns 8,270 shares of the mining company’s stock valued at $70,000 after purchasing an additional 8,237 shares during the last quarter.

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

BVN stock opened at $16.01 on Thursday. The stock has a 50-day moving average price of $15.76 and a 200-day moving average price of $12.16. Compañía de Minas Buenaventura S.A.A. has a 1-year low of $6.45 and a 1-year high of $17.80. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.31 and a quick ratio of 1.14.

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

Analysts Set New Price Targets

Several research firms recently weighed in on BVN. Scotiabank raised their price objective on Compañía de Minas Buenaventura S.A.A. from $12.50 to $13.00 and gave the company a “sector underperform” rating in a report on Monday, March 4th. Morgan Stanley downgraded Compañía de Minas Buenaventura S.A.A. from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 12th.

Compañía de Minas Buenaventura S.A.A. Company Profile

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.