HSBC Downgrades Compania de Minas Buenaventura SAA (ADR) to Hold

Brokerage firm HSBC Downgrades its rating on Compania de Minas Buenaventura SAA (ADR)(NYSE:BVN). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by HSBC was issued on Apr 13, 2016.

Compania de Minas Buenaventura SAA (ADR) (BVN) made into the market gainers list on Fridays trading session with the shares advancing 2.80% or 0.22 points. Due to strong positive momentum, the stock ended at $8.08, which is also near the day’s high of $8.15. The stock began the session at $7.68 and the volume stood at 19,36,156 shares. The 52-week high of the shares is $12.505 and the 52 week low is $3.3. The company has a current market capitalization of $2,054 M and it has 25,41,86,870 shares in outstanding.

Compania de Minas Buenaventura SAA (ADR)(BVN) last announced its earnings results on Feb 26, 2016 for Fiscal Year 2015 and Q4.Earnings per share were $-1.15.

Compania de Minas Buenaventura SAA (Buenaventura) is a Peru-based mining company engaged in the exploration mining smelting and commercialization of gold and silver as well as other metals and minerals. The Company operates directly seven Peruvian mining units located in Uchucchacua Orcopampa Poracota Julcani Recuperada Antapite and Ishihuinca; as well as indirectly the mines of Shila-Paula La Zanja and Colquijirca. Through its subsidiaries the Company is also involved in the generation and distribution of electric power as well as in the provision of engineering and chemical processing services. The Company owns such subsidiaries as Compania Minera Condesa SA Minera La Zanja SRL Inversiones Colquijirca SA Consorcio Energetico de Huancavelica SA Buenaventura Ingenieros SA CEDIMIN SAC and Minera Julcani Sa de CV among others.

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