Van Eck Associates Corp. recently announced the acquisition of new stake in Compania de Minas Buenaventura S.A. ADR (NYSE:BVN). The institutional investor has increased its shareholding in the Basic Materials company by 1.00% to 25.47 million shares with purchase of 0.25 million shares. This fresh investment now brings its stake to 10.04% valued currently at $242.96 million. In addition, Westwood Global Investments LLC raised its holdings by 0.36 million to 13.76 million shares. And Citigroup Global Markets, Inc. has lifted its position by 998.84% or 11.08 million shares – to 12.19 million shares.
With over 20.4 million Compania de Minas Buenaventura S.A. ADR (BVN) shares trading Friday and a closing price of $12.50 on the day, the dollar volume was approximately $255.0 million. The shares have shown a positive half year performance of 66.44% and its price on 12/15/23 gained nearly 25.13%. Currently, there are 253.72M common shares owned by the public and among those 253.67M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 6 analysts who have offered their price forecasts for BVN have a consensus price objective of $40.18. The analysts have set the share’s price value over the next 12 months at a high of $64.66 and a low of $29.98. The average price target is -23.4% below its recent price level and an upside to the estimated low will see the stock gain 58.31% over that period. But an upside of 80.67% will see the stock hit the forecast high price target while median target price for the stock is $35.28.
The top 3 mutual fund holders in Compania de Minas Buenaventura S.A. ADR are AFP Integra – Fondo 2, VanEck Gold Miners ETF, and VanEck Junior Gold Miners ETF. AFP Integra – Fondo 2 owns 20.28 million shares of the company’s stock, all valued at over $193.45 million. The company sold -1.97 million shares recently to bring their total holdings to about 7.99% of the shares outstanding. VanEck Junior Gold Miners ETF now owns shares totaling to 3.37% of the shares outstanding.
Shares of Compania de Minas Buenaventura S.A. ADR (NYSE: BVN) opened at $10.13, up $0.14 from a prior closing price of $9.99. However, the script later moved the day high at 12.73, up 25.13%. The company’s stock has a 5-day price change of 32.42% and 44.01% over the past three months. BVN shares are trading 67.79% year to date (YTD), with the 12-month market performance up to 59.64% higher. It has a 12-month low price of $6.45 and touched a high of $10.14 over the same period. BVN has an average intraday trading volume of 1.62 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 34.34%, 42.61%, and 55.83% respectively.
Institutional ownership of Compania de Minas Buenaventura S.A. ADR (NYSE: BVN) shares accounts for 65.67% of the company’s 253.72M shares outstanding. Mutual fund holders own 28.71%, while other institutional holders and individual stakeholders account for 36.82% and — respectively.
It has a market capitalization of $3.17B and a beta (3y monthly) value of 0.75. The stock’s trailing 12-month PE ratio is 32.65, while the earnings-per-share (ttm) stands at $0.38. The company has a PEG of 1.77 and a Quick Ratio of 1.15 with the debt-to-equity ratio at 0.24. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.78% over the week and 3.82% over the month.
Analysts forecast that Compania de Minas Buenaventura S.A. ADR (BVN) will achieve an EPS of $0 for the current quarter, $0.16 for the next quarter and $0.84 for 2024. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.08 a year ago. Earnings per share for the fiscal year are expected to decrease by -86.91%, and 146.31% over the next financial year. EPS should shrink at an annualized rate of 18.43% over the next five years, compared to 58.12% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate Compania de Minas Buenaventura S.A. ADR (BVN) as a “Moderate Buy” at a consensus score of 2.67. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 3 of the 6 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. Morgan Stanley stated their Overweight rating for the stock in a research note on September 21, 2023, with the firm’s price target at $8.60-$10.30.
