Compania de Minas Buenaventura SAA (ADR) (BVN) is Downgraded by HSBC Securities to Hold

Compania de Minas Buenaventura SAA (ADR) (BVN) was Downgraded by HSBC Securities to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. HSBC Securities advised their investors in a research report released on Apr 13, 2016.

On the company’s financial health, Compania de Minas Buenaventura SAA (ADR) reported $-0.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on Oct 30, 2015. Analyst had a consensus of $0.00. The company had revenue of $208.80 million for the quarter, compared to analysts expectations of $251.41 million. The company’s revenue was down -34.0 % compared to the same quarter last year.

Compania de Minas Buenaventura SAA (ADR) opened for trading at $8.18 and hit $8.75 on the upside on Monday, eventually ending the session at $8.33, with a gain of 5.98% or 0.47 points. The heightened volatility saw the trading volume jump to 30,77,589 shares. Company has a market cap of $2,117 M.

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.

Compania de Minas Buenaventura SAA (ADR)

Leave a Reply

Compania de Minas Buenaventura SAA (ADR) - Is it time to Sell?

Top Brokerage Firms are advising their investors on Compania de Minas Buenaventura SAA (ADR). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.