Buenaventura Mining (NYSE:BVN) Sets New 52-Week High – What’s Next?

Buenaventura Mining Company Inc. (NYSE:BVN)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $30.17 and last traded at $29.8420, with a volume of 397728 shares changing hands. The stock had previously closed at $28.59.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wall Street Zen raised Buenaventura Mining from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Scotiabank decreased their price objective on Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Buenaventura Mining in a report on Monday, December 29th. Finally, Zacks Research raised shares of Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $27.00.

Buenaventura Mining Price Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 2.27 and a quick ratio of 2.05. The stock has a 50 day simple moving average of $25.57 and a two-hundred day simple moving average of $21.82. The company has a market cap of $7.64 billion, a price-to-earnings ratio of 17.70 and a beta of 0.35.

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

Buenaventura Mining Announces Dividend

The company also recently announced a special dividend, which was paid on Tuesday, December 9th. Shareholders of record on Wednesday, November 19th were issued a $0.1446 dividend. The ex-dividend date was Wednesday, November 19th. Buenaventura Mining’s payout ratio is presently 24.71%.

Institutional Trading of Buenaventura Mining

Several institutional investors have recently made changes to their positions in BVN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Buenaventura Mining by 38.5% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,196,976 shares of the mining company’s stock valued at $175,102,000 after acquiring an additional 1,999,475 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Buenaventura Mining by 10.5% in the 3rd quarter. Tidal Investments LLC now owns 3,158,341 shares of the mining company’s stock valued at $76,842,000 after purchasing an additional 299,822 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Buenaventura Mining by 20.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,291,838 shares of the mining company’s stock worth $37,632,000 after purchasing an additional 391,465 shares during the period. American Century Companies Inc. grew its holdings in shares of Buenaventura Mining by 146.5% during the 3rd quarter. American Century Companies Inc. now owns 1,737,984 shares of the mining company’s stock worth $42,285,000 after purchasing an additional 1,033,045 shares during the period. Finally, Acadian Asset Management LLC increased its position in shares of Buenaventura Mining by 14.0% during the 1st quarter. Acadian Asset Management LLC now owns 1,398,194 shares of the mining company’s stock worth $21,849,000 after purchasing an additional 171,815 shares during 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.