Short Interest in Compania de Minas Buenaventura SAA (BVN) Grows By 151.5%
Compania de Minas Buenaventura SAA (NYSE:BVN) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 5,998,879 shares, a growth of 151.5% from the December 14th total of 2,385,035 shares. Based on an average daily trading volume, of 4,482,410 shares, the days-to-cover ratio is presently 1.3 days.
Shares of BVN opened at $15.23 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.88 and a quick ratio of 1.56. Compania de Minas Buenaventura SAA has a one year low of $11.67 and a one year high of $16.83. The company has a market cap of $4.02 billion, a P/E ratio of 41.16 and a beta of 0.50.
Compania de Minas Buenaventura SAA (NYSE:BVN) last issued its quarterly earnings results on Thursday, October 25th. The mining company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.19). Compania de Minas Buenaventura SAA had a return on equity of 3.31% and a net margin of 5.28%. The firm had revenue of $271.85 million for the quarter. As a group, equities analysts predict that Compania de Minas Buenaventura SAA will post 0.36 EPS for the current year.
A number of research firms have recently commented on BVN. Zacks Investment Research cut Compania de Minas Buenaventura SAA from a “buy” rating to a “hold” rating in a research report on Tuesday. Scotiabank set a $16.00 price objective on Compania de Minas Buenaventura SAA and gave the company a “hold” rating in a research report on Wednesday, October 31st. Finally, ValuEngine upgraded Compania de Minas Buenaventura SAA from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Compania de Minas Buenaventura SAA presently has a consensus rating of “Hold” and an average target price of $17.00.
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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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