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.

Several institutional investors and hedge funds have recently modified their holdings of the stock. US Bancorp DE increased its position in shares of Compania de Minas Buenaventura SAA by 47.2% during the second quarter. US Bancorp DE now owns 11,914 shares of the mining company’s stock worth $162,000 after purchasing an additional 3,819 shares in the last quarter. Marathon Asset Management LLP increased its position in shares of Compania de Minas Buenaventura SAA by 0.4% during the third quarter. Marathon Asset Management LLP now owns 1,014,919 shares of the mining company’s stock worth $13,610,000 after purchasing an additional 4,164 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Compania de Minas Buenaventura SAA by 27.9% during the third quarter. Mackenzie Financial Corp now owns 21,271 shares of the mining company’s stock worth $285,000 after purchasing an additional 4,635 shares in the last quarter. Deltec Asset Management LLC increased its position in shares of Compania de Minas Buenaventura SAA by 12.4% during the third quarter. Deltec Asset Management LLC now owns 45,300 shares of the mining company’s stock worth $607,000 after purchasing an additional 5,000 shares in the last quarter. Finally, AMP Capital Investors Ltd increased its position in shares of Compania de Minas Buenaventura SAA by 29.8% during the third quarter. AMP Capital Investors Ltd now owns 22,401 shares of the mining company’s stock worth $298,000 after purchasing an additional 5,146 shares in the last quarter. Hedge funds and other institutional investors own 52.23% of the company’s stock.

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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