Buenaventura Mining (NYSE:BVN) Trading 9.1% Higher – Time to Buy?

Buenaventura Mining Company Inc. (NYSE:BVN) was up 9.1% during mid-day trading on Tuesday . The company traded as high as $33.35 and last traded at $32.9750. Approximately 276,982 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 1,534,392 shares. The stock had previously closed at $30.23.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BVN shares. Weiss Ratings lowered Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Scotiabank boosted their price target on Buenaventura Mining from $42.00 to $44.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. Wall Street Zen upgraded Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 28th. Finally, Zacks Research lowered Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Buenaventura Mining has a consensus rating of “Hold” and a consensus target price of $44.00.

Buenaventura Mining Stock Down 1.2%

The company has a market cap of $7.76 billion, a P/E ratio of 7.95 and a beta of 0.36. The company has a quick ratio of 1.88, a current ratio of 2.01 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $34.57 and its 200 day moving average is $33.60.

Buenaventura Mining (NYSE:BVN) last issued its quarterly earnings data on Thursday, April 30th. The mining company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.23. The company had revenue of $624.56 million during the quarter, compared to the consensus estimate of $666.00 million. Buenaventura Mining had a net margin of 47.72% and a return on equity of 24.89%. As a group, equities analysts anticipate that Buenaventura Mining Company Inc. will post 4.31 earnings per share for the current fiscal year.

Buenaventura Mining Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Tuesday, May 12th. Investors of record on Tuesday, April 21st were paid a $0.9904 dividend. The ex-dividend date of this dividend was Tuesday, April 21st. Buenaventura Mining’s payout ratio is 28.31%.

Hedge Funds Weigh In On Buenaventura Mining

A number of large investors have recently bought and sold shares of BVN. Northwestern Mutual Wealth Management Co. raised its stake in Buenaventura Mining by 3,096,894.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,884,290 shares of the mining company’s stock worth $163,760,000 after buying an additional 5,884,100 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Buenaventura Mining by 738.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,979,757 shares of the mining company’s stock worth $82,927,000 after purchasing an additional 2,624,485 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Buenaventura Mining by 38.5% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,196,976 shares of the mining company’s stock worth $175,102,000 after purchasing an additional 1,999,475 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Buenaventura Mining by 244.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,742,829 shares of the mining company’s stock worth $48,503,000 after purchasing an additional 1,236,480 shares in the last quarter. Finally, Bank of Nova Scotia increased its position in shares of Buenaventura Mining by 83.0% during the first quarter. Bank of Nova Scotia now owns 2,520,383 shares of the mining company’s stock worth $90,835,000 after purchasing an additional 1,143,072 shares in the last quarter.

Buenaventura Mining Company Profile

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.