Buenaventura Mining (NYSE:BVN) Stock Rating Raised to “Hold” at Zacks Research

Buenaventura Mining (NYSE:BVN) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday, Zacks reports.

Several other research firms have also recently issued reports on BVN. Morgan Stanley decreased their price target on shares of Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating on the stock in a research note on Wednesday, July 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Buenaventura Mining in a report on Friday, July 31st. Wall Street Zen raised shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Finally, Scotiabank cut their price objective on shares of Buenaventura Mining from $44.00 to $40.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.25.

Buenaventura Mining Stock Down 3.0%

BVN opened at $30.56 on Tuesday. The firm has a market cap of $7.75 billion, a P/E ratio of 6.91 and a beta of 0.43. The business’s fifty day simple moving average is $33.55 and its 200 day simple moving average is $33.21. Buenaventura Mining has a 52 week low of $21.00 and a 52 week high of $44.67. The company has a quick ratio of 2.43, a current ratio of 2.59 and a debt-to-equity ratio of 0.15.

Buenaventura Mining (NYSE:BVN) last announced its earnings results 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 26.53%. The firm had revenue of $528.99 million during the quarter, compared to analyst estimates of $610.00 million. As a group, equities research analysts anticipate that Buenaventura Mining will post 3.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BVN. Mather Group LLC. acquired a new stake in shares of Buenaventura Mining during the third quarter worth $31,000. Banque Cantonale Vaudoise purchased a new stake in shares of Buenaventura Mining in the first quarter valued at $45,000. Rockefeller Capital Management L.P. increased its stake in Buenaventura Mining by 199.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,449 shares of the mining company’s stock valued at $96,000 after purchasing an additional 2,298 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Buenaventura Mining in the first quarter valued at $212,000. Finally, SmartHarvest Portfolios LLC increased its stake in Buenaventura Mining by 5.6% in the first quarter. SmartHarvest Portfolios LLC now owns 9,898 shares of the mining company’s stock valued at $357,000 after purchasing an additional 529 shares during the last quarter.

About Buenaventura Mining

Compañía de Minas Buenaventura SAA., known as Buenaventura Mining, is a Peru-based mining company engaged in the exploration, development, construction, and operation of mineral projects. Its portfolio has historically focused on precious and base metals, including gold, silver, lead, and zinc.

Founded in 1953, Buenaventura operates primarily in Peru and has developed interests in several mining districts throughout the country. Its activities have included underground and open-pit mining, mineral processing, exploration, and project development.