Reviewing The Case For Compania de Minas Buenaventura S.A.A. (BVN) Going Higher


    T. Rowe Price Associates, Inc. (I.. recently announced the acquisition of new stake in Compania de Minas Buenaventura S.A.A. (NYSE:BVN). The institutional investor has increased its shareholding in the Basic Materials company by 34.71% to 14.59 million shares with purchase of 3.76 million shares. This fresh investment now brings its stake to 5.75% valued currently at $173.01 million. In addition, SSgA Funds Management, Inc. raised its holdings by 0.46 million to 7.8 million shares. And Oldfield Partners LLP has lifted its position by 11.86% or 0.71 million shares – to 6.72 million shares.

    With over 1.2 million Compania de Minas Buenaventura S.A.A. (BVN) shares trading Tuesday and a closing price of $14.25 on the day, the dollar volume was approximately $17.06 million. The shares have shown a positive weekly performance of 7.63% and its price on 09/01/20 gained nearly 1.21%. Currently, there are 253.99M common shares owned by the public and among those 251.18M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 9 analysts who have offered their price forecasts for BVN have a consensus price objective of $13.64. The analysts have set the share’s price value over the next 12 months at a high of $17.80 and a low of $8.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Compania de Minas Buenaventura S.A.A. stock is 2.80 for the next 12 months. The average price target is -5.48% below its last price level and a downside to the estimated low will see the stock lose -78.13% over that period. But an upside of 19.94% will see the stock hit the forecast high price target while mean target price for the stock is $13.50.

    The top 3 mutual fund holders in Compania de Minas Buenaventura S.A.A. are VanEck Vectors – Gold Miners ETF, VanEck Vectors – Junior Gold Mine, and T Rowe Price Mid Cap Value Fund. VanEck Vectors – Gold Miners ETF owns 13.69 million shares of the company’s stock, all valued at over $162.32 million. The company bought an additional 41574.0 shares recently to bring their total holdings to about 5.39% of the shares outstanding. VanEck Vectors – Junior Gold Mine bought 0.15 million shares to see its total holdings expand to 11.1 million shares valued at over $131.59 million and representing 4.37% of the shares outstanding. T Rowe Price Mid Cap Value Fund bought 2.43 million shares to bring its total holdings to over 9.19 million shares at a value of $109.04 million. T Rowe Price Mid Cap Value Fund now owns shares totaling to 3.62% of the shares outstanding.

    Shares of Compania de Minas Buenaventura S.A.A. (NYSE: BVN) opened at $14.24, up $0.16 from a prior closing price of $14.08. However, the script later closed the day at $14.25, up 1.21%. The company’s stock has a 5-day price change of 7.63% and 69.64% over the past three months. BVN shares are trading -5.63% year to date (YTD), with the 12-month market performance down to -6.92% lower. It has a 12-month low price of $5.12 and touched a high of $15.94 over the same period. Currently, 1.2 million shares have been traded, compared to an average intraday trading volume of 1.61 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.46%, 25.64%, and 29.72% respectively.

    Institutional ownership of Compania de Minas Buenaventura S.A.A. (NYSE: BVN) shares accounts for 67.70% of the company’s 253.99M shares outstanding. Mutual fund holders own 20.11%, while other institutional holders and individual stakeholders account for 41.88% and — respectively.

    It has a market capitalization of $2.13B and a beta (3y monthly) value of 1.06. The earnings-per-share (ttm) stands at -$0.55. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.67% over the week and 4.63% over the month.

    Analysts forecast that Compania de Minas Buenaventura S.A.A. (BVN) will achieve an EPS of $0.05 for the current quarter, $0.11 for the next quarter and $0.61 for 2021. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.11. Comparatively, EPS for the current quarter was $0.02 a year ago. Earnings per share for the fiscal year are expected to decrease by -3.40%, and 971.40% over the next financial year. EPS should shrink at an annualized rate of 18.43% over the next five years, compared to 48.10% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 9 brokerage firm advisors rate Compania de Minas Buenaventura S.A.A. (BVN) as a “Moderate Buy” at a consensus score of 2.80. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 4 of the 9 advise that investors “hold,” and 1 rated it as a “Sell.”

    Looking at the support for the BVN, a number of firms have released research notes about the stock. Goldman stated their Buy rating for the stock in a research note on June 22, 2020, with the firm’s price target at. HSBC Securities coverage for the Compania de Minas Buenaventura S.A.A. (BVN) stock in a research note released on January 17, 2020 offered a Hold rating with a price target of. Morgan Stanley was of a view on February 25, 2019 that the stock is Equal-Weight, while Goldman gave the stock Sell rating on February 19, 2019, issuing a price target of. Citigroup on their part issued Buy rating on January 18, 2018.


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