The stock of Compania de Minas Buenaventura S.A.A. (NYSE:BVN) is now priced at $14.25 and the shares are 0.17 points up or 1.21% higher compared to its previous closing price of $14.08. The stock had 1.197 million contracts set over the past session. BVN shares’ daily volume is compared to its average trading volume at 1.608 million shares. However, it has a float of 251 million and although its performance was 7.63% over the week, it’s one to watch. Analysts have given the BVN stock a yearly average price target of $13.51 per share. It means the stock’s downside potential is -5.19% with the BVN share price recently placing at $14.1 to $14.32. However, some brokerage firms have priced the stock below the average, including one that has called $8.
The shorts are running away from the Compania de Minas Buenaventura S.A.A. stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the BVN shares have declined. Short interest in the stock represents just 1.9% of its float, but the volume has dropped by 0.
In the last trading session, Compania de Minas Buenaventura S.A.A. (NYSE:BVN) raised by $1.01 over the week and gained $1.96 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $15.94. The stock recorded its established 52-week high on 09/27/19.
Since 03/16/20, the stock has traded to a low of $5.12 at 178.32%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 1.06. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Compania de Minas Buenaventura S.A.A.’s two-week RSI is 68.45. This suggests that the stock is neutral at the moment and that BVN shares’ price movement remains stable. The stochastic readings are equally revealing at 91.16% meaning the BVN share price is currently in oversold territory.
The technical chart shows that the BVN stock will likely settle at between $14.35 and $14.44 per share. However, if the stock dips below $14.13, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $14.
Currently, the stock is trading in the green of MACD, with a reading of 0.41. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Goldman raised their recommendation for BVN from Sell to Buy in June 22 review. HSBC Securities analysts downgraded their recommendation of the stock from Buy to Hold in a flash note released to investors on January 17. Morgan Stanley seeing the stock struggling downgraded it from Overweight to Equal-Weight on February 25.
The average rating for the BVN equity is 2.89 and is currently gathering a bullish momentum. Of 9 analysts tracking Compania de Minas Buenaventura S.A.A. polled by Reuters, 5 rated BVN as a hold. The remaining 4 analysts were split evenly. However, the split wasn’t equal as a majority (3) rated it as a buy or strong buy. 1 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the BVN stock price is 23.17X ahead of its 12-month Consensus earnings per share estimates.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Compania de Minas Buenaventura S.A.A. (NYSE:BVN) will decrease by about -99.92%, which will see them reach $265 million. The company’s full-year revenues are, however, expected to diminish by about -15.26%, down from $868 million to $735 million. BVN’s expected adjusted earnings should surge almost 150% to end up at $0.05 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -180% to record $0.04/share.