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 target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 2,120,000 shares, a decrease of 5.4% from the May 31st total of 2,240,000 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average trading volume of 1,440,000 shares, the days-to-cover ratio is currently 1.5 days.

Compañía de Minas Buenaventura S.A.A. Trading Up 0.7 %

Shares of NYSE BVN traded up $0.11 during midday trading on Wednesday, hitting $16.61. The stock had a trading volume of 750,309 shares, compared to its average volume of 1,474,844. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.14 and a current ratio of 1.32. Compañía de Minas Buenaventura S.A.A. has a 1-year low of $7.11 and a 1-year high of $18.84. The company has a fifty day moving average price of $17.26 and a 200 day moving average price of $16.14.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last announced its 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%. As a group, equities research analysts predict 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. Investors of record on Thursday, April 18th were given a $0.0726 dividend. The ex-dividend date was Wednesday, April 17th. This represents a yield of 0.5%. Compañía de Minas Buenaventura S.A.A.’s dividend payout ratio is presently 116.69%.

Institutional Investors Weigh In On Compañía de Minas Buenaventura S.A.A.

Several institutional investors have recently bought and sold shares of BVN. Fifth Third Bancorp acquired a new stake in shares of Compañía de Minas Buenaventura S.A.A. during the fourth quarter worth $46,000. GAMMA Investing LLC bought a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the 4th quarter valued at approximately $58,000. Creekmur Asset Management LLC acquired a new position in shares of Compañía de Minas Buenaventura S.A.A. during the 4th quarter worth $60,000. Barclays PLC raised its holdings in Compañía de Minas Buenaventura S.A.A. by 24,960.6% during the third quarter. Barclays PLC now owns 8,270 shares of the mining company’s stock valued at $70,000 after buying an additional 8,237 shares in the last quarter. Finally, Barometer Capital Management Inc. acquired a new stake in Compañía de Minas Buenaventura S.A.A. in the 4th quarter worth approximately $120,000.

Analyst Upgrades and Downgrades

Several research firms have commented on BVN. StockNews.com raised Compañía de Minas Buenaventura S.A.A. from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Morgan Stanley raised Compañía de Minas Buenaventura S.A.A. from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $19.00 to $21.00 in a report on Friday, June 21st. Finally, Scotiabank increased their target price on shares of Compañía de Minas Buenaventura S.A.A. from $15.00 to $16.00 and gave the company a “sector underperform” rating in a report on Thursday, May 23rd.

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.