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

Wall Street Zen upgraded shares of Buenaventura Mining (NYSE:BVN) from a hold rating to a buy rating in a research report sent to investors on Saturday,Wall Street Zen reports.

A number of other brokerages have also recently issued reports on BVN. Scotiabank reduced 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 report on Tuesday, July 14th. Zacks Research lowered shares of Buenaventura Mining from a “hold” rating to a “strong sell” rating in a report on Monday, September 14th. Weiss Ratings restated a “buy (b-)” rating on shares of Buenaventura Mining in a report on Friday, July 31st. Finally, Morgan Stanley dropped 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 report on Wednesday, July 8th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $37.25.

Buenaventura Mining Stock Performance

NYSE BVN opened at $32.35 on Friday. The company has a market cap of $8.21 billion, a P/E ratio of 7.32 and a beta of 0.43. The company has a fifty day simple moving average of $33.61 and a 200 day simple moving average of $33.23. The company has a current ratio of 2.59, a quick ratio of 2.43 and a debt-to-equity ratio of 0.15. Buenaventura Mining has a 12-month low of $21.00 and a 12-month high of $44.67.

Buenaventura Mining (NYSE:BVN) last released its quarterly earnings data 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 return on equity of 26.53% and a net margin of 50.88%. The business had revenue of $528.99 million for the quarter, compared to analyst estimates of $610.00 million. Sell-side analysts predict that Buenaventura Mining will post 3.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Buenaventura Mining

Institutional investors have recently bought and sold shares of the stock. Centrica Wealth Management LLC bought a new position in shares of Buenaventura Mining during the 2nd quarter valued at approximately $131,547,000. Bank of Nova Scotia raised its holdings in shares of Buenaventura Mining by 83.0% in the 1st quarter. Bank of Nova Scotia now owns 2,520,383 shares of the mining company’s stock worth $90,835,000 after purchasing an additional 1,143,072 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Buenaventura Mining by 32.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,301,015 shares of the mining company’s stock worth $82,929,000 after purchasing an additional 558,186 shares during the period. Jennison Associates LLC raised its holdings in shares of Buenaventura Mining by 140.8% in the 1st quarter. Jennison Associates LLC now owns 1,267,998 shares of the mining company’s stock worth $45,699,000 after purchasing an additional 741,344 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of Buenaventura Mining by 13,674.3% in the 1st quarter. Royal Bank of Canada now owns 720,810 shares of the mining company’s stock worth $25,977,000 after purchasing an additional 715,577 shares during the period.

Buenaventura Mining Company Profile

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.