Buenaventura Mining (NYSE:BVN) Upgraded to “Strong-Buy” at Zacks Research

Buenaventura Mining (NYSE:BVN) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

Other equities research analysts have also recently issued research reports about the company. Wall Street Zen upgraded Buenaventura Mining from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. Scotiabank dropped their target price on Buenaventura Mining from $44.00 to $40.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Buenaventura Mining in a research report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $37.25.

Buenaventura Mining Price Performance

Buenaventura Mining stock opened at $25.28 on Wednesday. Buenaventura Mining has a 12-month low of $22.43 and a 12-month high of $44.67. The stock has a market capitalization of $6.41 billion, a P/E ratio of 5.36 and a beta of 0.40. The firm’s 50-day moving average is $30.96 and its two-hundred day moving average is $33.50. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.59 and a quick ratio of 2.43.

Buenaventura Mining (NYSE:BVN) last posted its quarterly earnings data on Thursday, October 29th. The mining company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. The business had revenue of $545.33 million during the quarter, compared to analyst estimates of $439.69 million. Buenaventura Mining had a net margin of 51.78% and a return on equity of 27.60%. Equities analysts predict that Buenaventura Mining will post 4.01 earnings per share for the current year.

Hedge Funds Weigh In On Buenaventura Mining

Institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its holdings in shares of Buenaventura Mining by 4.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 12,949 shares of the mining company’s stock valued at $467,000 after purchasing an additional 504 shares during the last quarter. National Pension Service increased its holdings in shares of Buenaventura Mining by 1.3% during the 2nd quarter. National Pension Service now owns 45,616 shares of the mining company’s stock worth $1,336,000 after buying an additional 589 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Buenaventura Mining by 3.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 25,900 shares of the mining company’s stock worth $818,000 after buying an additional 823 shares during the last quarter. Mather Group LLC. purchased a new position in shares of Buenaventura Mining in the 3rd quarter worth $31,000. Finally, Liontrust Investment Partners LLP raised its position in shares of Buenaventura Mining by 8.3% in the 1st quarter. Liontrust Investment Partners LLP now owns 13,000 shares of the mining company’s stock worth $469,000 after buying an additional 1,000 shares during the period.

About Buenaventura Mining

Compañía de Minas Buenaventura S.A.A., known as Buenaventura, is a Peru-based mining company engaged in the exploration, development, and operation of mineral properties. Its products include gold, silver, copper, lead, and zinc. The company operates in Peru and participates in mining projects through subsidiaries, joint ventures, and ownership interests. Its portfolio has included both precious- and base-metal operations, as well as interests in larger mining ventures. Founded in 1953, Buenaventura is headquartered in Lima.