Compania de Minas Buenaventura SAA (ADR) (BVN) was Upgraded by BofA/Merrill to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. BofA/Merrill advised their investors in a research report released on Jun 28, 2016.
Many Wall Street Analysts have commented on Compania de Minas Buenaventura SAA (ADR). Compania de Minas Buenaventura SAA (ADR) was Upgraded by HSBC Securities to ” Buy” on May 5, 2016. Compania de Minas Buenaventura SAA (ADR) was Downgraded by HSBC Securities to ” Hold” on Apr 13, 2016.
On the company’s financial health, Compania de Minas Buenaventura SAA (ADR) reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.24 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $-0.04. The company had revenue of $227.30 million for the quarter, compared to analysts expectations of $234.00 million. The company’s revenue was down -5.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.07 EPS.
Compania de Minas Buenaventura SAA (ADR) closed down -0.01 points or -0.09% at $11.31 with 27,64,748 shares getting traded on Monday. Post opening the session at $11.17, the shares hit an intraday low of $10.72 and an intraday high of $11.56 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.