Buenaventura Mining (NYSE:BVN) Downgraded by Wall Street Zen to Buy

Wall Street Zen downgraded shares of Buenaventura Mining (NYSE:BVN) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday.

A number of other brokerages also recently commented on BVN. Morgan Stanley reduced their price target on Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating for the company in a report on Wednesday, July 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Buenaventura Mining in a research report on Friday, July 31st. Finally, Scotiabank cut their target price on Buenaventura Mining from $44.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $37.25.

Buenaventura Mining Stock Up 4.9%

Shares of BVN opened at $34.16 on Friday. The firm has a market cap of $8.67 billion, a PE ratio of 7.73 and a beta of 0.43. The company’s fifty day moving average is $31.37 and its two-hundred day moving average is $34.42. Buenaventura Mining has a fifty-two week low of $17.65 and a fifty-two week high of $44.67. The company has a quick ratio of 1.88, a current ratio of 2.01 and a debt-to-equity ratio of 0.16.

Buenaventura Mining (NYSE:BVN) last released its quarterly earnings data on Thursday, July 30th. The mining company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.05). Buenaventura Mining had a net margin of 50.88% and a return on equity of 27.72%. The firm had revenue of $528.99 million during the quarter, compared to analyst estimates of $610.00 million. Analysts forecast that Buenaventura Mining will post 4.37 earnings per share for the current year.

Institutional Trading of Buenaventura Mining

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in shares of Buenaventura Mining in the 2nd quarter worth $32,000. Banque Cantonale Vaudoise acquired a new stake in shares of Buenaventura Mining in the first quarter valued at $45,000. Smartleaf Asset Management LLC boosted its stake in Buenaventura Mining by 1,725.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,917 shares of the mining company’s stock valued at $55,000 after buying an additional 1,812 shares in the last quarter. Headlands Technologies LLC boosted its stake in 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 buying an additional 1,424 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in Buenaventura Mining by 199.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,449 shares of the mining company’s stock worth $96,000 after acquiring an additional 2,298 shares during the period.

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.