Buenaventura Mining (NYSE:BVN) Hits New 12-Month High – Time to Buy?

Buenaventura Mining Company Inc. (NYSE:BVN) reached a new 52-week high on Tuesday . The company traded as high as $28.89 and last traded at $27.7920, with a volume of 1514468 shares. The stock had previously closed at $28.16.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BVN. Zacks Research raised Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Scotiabank lowered their target price on shares of Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 19th. Wall Street Zen raised shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Buenaventura Mining in a report on Monday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $27.00.

Buenaventura Mining Stock Down 0.2%

The company has a market capitalization of $7.12 billion, a PE ratio of 16.51 and a beta of 0.37. The company has a current ratio of 2.27, a quick ratio of 2.05 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average of $24.26 and a 200 day moving average of $20.58.

Buenaventura Mining (NYSE:BVN) last issued its quarterly earnings results on Friday, October 31st. The mining company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.25. Buenaventura Mining had a net margin of 30.70% and a return on equity of 11.76%. The company had revenue of $431.04 million for the quarter, compared to analyst estimates of $355.57 million. Equities research analysts anticipate that Buenaventura Mining Company Inc. will post 1.13 EPS for the current year.

Buenaventura Mining Announces Dividend

The firm also recently declared a special dividend, which was paid on Tuesday, December 9th. Shareholders of record on Wednesday, November 19th were given a $0.1446 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. Buenaventura Mining’s dividend payout ratio (DPR) is currently 24.71%.

Institutional Trading of Buenaventura Mining

A number of large investors have recently modified their holdings of the stock. Cetera Investment Advisers acquired a new stake in shares of Buenaventura Mining in the first quarter valued at $157,000. Deutsche Bank AG increased its holdings in Buenaventura Mining by 4.0% during the 1st quarter. Deutsche Bank AG now owns 193,163 shares of the mining company’s stock worth $3,019,000 after purchasing an additional 7,358 shares during the period. Nuveen LLC acquired a new stake in Buenaventura Mining in the 1st quarter valued at about $5,104,000. Fox Run Management L.L.C. purchased a new position in shares of Buenaventura Mining in the 1st quarter valued at about $326,000. Finally, American Century Companies Inc. boosted its stake in shares of Buenaventura Mining by 4.4% in the 1st quarter. American Century Companies Inc. now owns 553,021 shares of the mining company’s stock valued at $8,644,000 after buying an additional 23,063 shares during the period.

Buenaventura Mining Company Profile

Compañía de Minas Buenaventura SAA. engages in the exploration, development, construction, and operation of mineral processing business. The company explores for gold, silver, lead, zinc, and copper metals. It operates operating mining units, including Tambomayo located in the Caylloma province, Orcopampa Unit located in the province of Castilla, Uchucchacua located in province of Oyón, Julcani located in province of Angaraes, Peru, as well as San Gabrie located in the province of General Sánchez Cerro, in the Moquegua region.