Van Eck Associates Corp. has recently announced that it has increased stake in Compania de Minas Buenaventura S.A.A. (NYSE:BVN) by 9.31%. After grabbing 27.44 million shares, the institutional investor is now in possession of 2.34 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 10.81% having worth around $193.98 million. Moreover, AFP Integra SA increased its share by 14.63 million to have a control over 25.35 million shares. And Westwood Global Investments LLC raised its holdings to 79186.0 shares by acquiring 13.81 million shares or 5.44% of the stake.
Compania de Minas Buenaventura S.A.A. (BVN) concluded trading on 05/24/23 at a closing price of $7.00, with 1.69 million shares of worth about $11.86 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -9.56% during that period and on Wednesday the price saw a loss of about -2.10%. Currently the company’s common shares owned by public are about 253.99M shares, out of which, 248.91M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 7 analysts are covering the BVN stock and their offered price forecasts bring an average price target of $9.94. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $16.86 and could fall to a lowest price of $8.00. The stock’s current price level is 29.15% above of average price target set by the analysts, while a rise to estimated low would result in gain of 12.5% for the stock. However, touching the estimated high of $16.86 would mean a gain of 58.48% for the stock.
AFP Integra – Fondo 2, VanEck Gold Miners ETF, and VanEck Junior Gold Miners ETF are the top 3 mutual funds which are holding stakes in Compania de Minas Buenaventura S.A.A. AFP Integra – Fondo 2 is currently holding 22.25 million shares of worth totaling $157.27 million. The company recently came buying 14.09 million shares which brought its stake up to 8.77% of the company’s outstanding shares. VanEck Gold Miners ETF bought 19184.0 shares, after which its hold over company’s outstanding shares expand to 5.67%, leaving 14.37 million shares with the mutual fund that have a worth of about $101.62 million. VanEck Junior Gold Miners ETF, after buying 9.23 million shares, have now control over 3.64% of the stake in the company. It holds 0.0 shares of worth $65.28 million.
However, the stock later moved at a day high price of 7.15, or with a loss of -2.10%. Stock saw a price change of -0.43% in past 5 days and over the past one month there was a price change of -6.04%. Year-to-date (YTD), BVN shares are showing a performance of -6.04% which decreased to -17.45% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.09 but also hit the highest price of $9.45 during that period. The average intraday trading volume for Compania de Minas Buenaventura S.A.A. shares is 1.37 million. The stock is currently trading -1.91% below its 20-day simple moving average (SMA20), while that difference is down -9.16% for SMA50 and it goes to -4.24% lower than SMA200.
Van Eck Associates Corp. acquired 27.44 million shares of Compania de Minas Buenaventura S.A.A. having value of about $193.98 million. Data submitted at the U.S SEC by Van Eck Associates Corp. revealed that the firm now holds 2.34 million shares in the company valued at close to $16364404.0, or have control over 9.31% stake in the company. Compania de Minas Buenaventura S.A.A. (NYSE: BVN) currently have 253.99M outstanding shares and institutions hold larger chunk of about 60.30% of that. Holding of mutual funds in the company is about 23.10% while other institutional holders and individual stake holders have control over 36.93% and — of the stake respectively.
The stock has a current market capitalization of $2.00B and its 3Y-monthly beta is at 0.52. PE ratio of stock for trailing 12 months is 28.11, while it has posted earnings per share of $0.25 in the same period. Its PEG reads 1.53 and has Quick Ratio of 1.40 while making debt-to-equity ratio of 0.24. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BVN, volatility over the week remained 2.58% while standing at 3.24% over the month.
Analysts are in expectations that Compania de Minas Buenaventura S.A.A. (BVN) stock would likely to be making an EPS of $0.17 in the current quarter, while forecast for next quarter EPS is $0.2 and it is $1.11 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.17 which is $0.18 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.89 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 0.40% while it is estimated to increase by 44.20% in next year. EPS is likely to grow at an annualized rate of 18.43% for next 5-years, compared to annual growth of 11.80% made by the stock over the past 5-years.
Analysts at 7 brokerage firms have issued recommendations for the Compania de Minas Buenaventura S.A.A. (BVN)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.60. Out of those 7 Wall Street analysts, 2 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
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