Buenaventura Mining (NYSE:BVN) Upgraded at Wall Street Zen

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

Other analysts have also recently issued research reports about the company. Weiss Ratings restated a “buy (b)” rating on shares of Buenaventura Mining in a report on Monday, December 29th. Zacks Research upgraded shares of Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Finally, Scotiabank boosted their target price on shares of Buenaventura Mining from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $44.00.

Buenaventura Mining Stock Performance

NYSE:BVN opened at $34.00 on Friday. The stock has a market capitalization of $8.63 billion, a P/E ratio of 11.04 and a beta of 0.26. The company has a current ratio of 2.01, a quick ratio of 1.88 and a debt-to-equity ratio of 0.16. Buenaventura Mining has a 1 year low of $12.56 and a 1 year high of $44.67. The firm has a 50 day moving average of $36.99 and a 200-day moving average of $29.58.

Buenaventura Mining (NYSE:BVN) last released its quarterly earnings results on Friday, February 27th. The mining company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $1.03. Buenaventura Mining had a return on equity of 20.39% and a net margin of 45.17%.The business had revenue of $623.40 million for the quarter, compared to analyst estimates of $451.60 million. As a group, sell-side analysts anticipate that Buenaventura Mining will post 1.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Buenaventura Mining

A number of institutional investors have recently made changes to their positions in BVN. FIL Ltd boosted its holdings in Buenaventura Mining by 8.8% during the fourth quarter. FIL Ltd now owns 13,473,909 shares of the mining company’s stock worth $374,979,000 after buying an additional 1,085,443 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Buenaventura Mining by 38.5% in the 3rd 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 period. Northwestern Mutual Wealth Management Co. raised its position in shares of Buenaventura Mining by 3,096,894.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,884,290 shares of the mining company’s stock valued at $163,760,000 after acquiring an additional 5,884,100 shares during the period. State Street Corp boosted its stake in Buenaventura Mining by 1.2% during the 4th quarter. State Street Corp now owns 3,586,205 shares of the mining company’s stock worth $99,804,000 after acquiring an additional 44,033 shares during the last quarter. Finally, Tidal Investments LLC grew its holdings in Buenaventura Mining by 10.5% during the third 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 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.