Buenaventura Mining (NYSE:BVN) Reaches New 1-Year High – Here’s What Happened

Buenaventura Mining Company Inc. (NYSE:BVN)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $42.00 and last traded at $43.0220, with a volume of 9810 shares changing hands. The stock had previously closed at $41.13.

Analyst Ratings Changes

BVN has been the topic of several recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Buenaventura Mining in a research report on Monday, December 29th. Zacks Research upgraded shares of Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Scotiabank decreased their price objective on Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 19th. Finally, Wall Street Zen cut Buenaventura Mining from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Buenaventura Mining currently has an average rating of “Buy” and a consensus target price of $27.00.

Buenaventura Mining Stock Performance

The firm has a market capitalization of $11.16 billion, a P/E ratio of 25.86 and a beta of 0.31. The stock has a 50-day moving average of $34.73 and a 200 day moving average of $26.84. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.05 and a current ratio of 2.27.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC grew its holdings in Buenaventura Mining by 1,725.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,917 shares of the mining company’s stock worth $55,000 after acquiring an additional 1,812 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Buenaventura Mining during the second quarter worth approximately $32,000. Headlands Technologies LLC grew its stake in shares of Buenaventura Mining by 60.9% during the second quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock valued at $62,000 after purchasing an additional 1,424 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Buenaventura Mining by 463.4% in the fourth quarter. Assetmark Inc. now owns 3,983 shares of the mining company’s stock valued at $111,000 after purchasing an additional 3,276 shares in the last quarter. Finally, Global Retirement Partners LLC raised its position in Buenaventura Mining by 3,503.4% in the 4th quarter. Global Retirement Partners LLC now owns 4,216 shares of the mining company’s stock worth $117,000 after purchasing an additional 4,099 shares during the last quarter.

About Buenaventura Mining

Compañía de Minas Buenaventura SAA. (NYSE: BVN) is one of Peru’s leading precious metals producers, primarily engaged in the exploration, development and operation of gold, silver and base metal mines. Headquartered in Lima, the company’s core activities cover the entire mining cycle from concession acquisition and project evaluation to extraction, milling and metal refining. Buenaventura also holds interests in smelting, refining and trading services, enabling it to market its products both domestically and internationally.

The company’s principal assets include several operating mines in Peru such as Uchucchacua (silver-lead-zinc), Orcopampa (gold-silver) and the Tambomayo gold mine.