Buenaventura Mining Company Inc. (BVN) Rating Increased to Hold at BidaskClub
Buenaventura Mining Company Inc. (NYSE:BVN) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, July 11th.
Several other analysts have also weighed in on the company. ValuEngine lowered Buenaventura Mining from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. Zacks Investment Research upgraded Buenaventura Mining from a “strong sell” rating to a “hold” rating in a report on Monday, March 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $15.05.
Shares of Buenaventura Mining (NYSE BVN) opened at 12.12 on Tuesday. Buenaventura Mining has a 12-month low of $9.87 and a 12-month high of $16.45. The stock’s market cap is $3.08 billion. The stock’s 50 day moving average is $11.73 and its 200-day moving average is $12.36.
Buenaventura Mining (NYSE:BVN) last announced its quarterly earnings data on Thursday, July 27th. The mining company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.24. The firm had revenue of $256.73 million during the quarter, compared to analyst estimates of $327.50 million. Buenaventura Mining had a negative net margin of 33.54% and a negative return on equity of 11.01%. The company’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.22 EPS. Equities analysts anticipate that Buenaventura Mining will post $0.99 EPS for the current fiscal year.
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Several large investors have recently made changes to their positions in BVN. Arlington Capital Management Inc. increased its stake in shares of Buenaventura Mining by 4.7% in the first quarter. Arlington Capital Management Inc. now owns 1,155,592 shares of the mining company’s stock valued at $13,913,000 after buying an additional 51,751 shares in the last quarter. Comerica Bank increased its stake in shares of Buenaventura Mining by 10.1% in the fourth quarter. Comerica Bank now owns 15,555 shares of the mining company’s stock valued at $203,000 after buying an additional 1,421 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Buenaventura Mining by 9.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 946,680 shares of the mining company’s stock valued at $10,678,000 after buying an additional 78,700 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Buenaventura Mining by 1.7% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 336,795 shares of the mining company’s stock valued at $4,055,000 after buying an additional 5,501 shares in the last quarter. Finally, Ronald Blue & Co. LLC bought a new stake in shares of Buenaventura Mining during the first quarter valued at approximately $127,000. 48.35% of the stock is owned by institutional investors and hedge funds.
About Buenaventura Mining
Compania de Minas Buenaventura SAA. (Buenaventura) is a precious metals company. The Company is engaged in the exploration, mining and processing of gold, silver and other metals in Peru. The Company’s segments include Production and sale of minerals; Exploration and development activities; Construction and engineering services; Energy generation and transmission services; Insurance brokerage; Rental of mining concessions; Holding of investment in shares (mainly in Minera Yanacocha S.R.L.
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