Buenaventura Mining Company Inc. (NYSE:BVN) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other analysts have also issued reports on the stock. Credit Suisse Group restated a “hold” rating on shares of Buenaventura Mining in a research note on Friday, July 28th. ValuEngine lowered shares of Buenaventura Mining from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $15.05.

Buenaventura Mining (BVN) opened at 13.11 on Friday. The stock’s 50 day moving average is $12.25 and its 200-day moving average is $12.26. Buenaventura Mining has a 1-year low of $9.87 and a 1-year high of $15.60. The company’s market capitalization is $4.04 billion.

Buenaventura Mining (NYSE:BVN) last issued its quarterly earnings results on Thursday, July 27th. The mining company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by $0.24. The company had revenue of $256.73 million during the quarter, compared to the consensus estimate of $327.50 million. Buenaventura Mining had a negative return on equity of 11.01% and a negative net margin of 33.54%. The firm’s quarterly revenue was down 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 EPS. On average, analysts expect that Buenaventura Mining will post $0.98 earnings per share for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in BVN. Dimensional Fund Advisors LP raised its stake in Buenaventura Mining by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 410,518 shares of the mining company’s stock valued at $4,653,000 after buying an additional 3,286 shares during the last quarter. Teachers Advisors LLC raised its stake in Buenaventura Mining by 29.7% in the fourth quarter. Teachers Advisors LLC now owns 88,622 shares of the mining company’s stock valued at $1,000,000 after buying an additional 20,300 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Buenaventura Mining during the first quarter valued at $270,000. Shell Asset Management Co. raised its stake in Buenaventura Mining by 3.7% in the first quarter. Shell Asset Management Co. now owns 306,185 shares of the mining company’s stock valued at $3,686,000 after buying an additional 10,904 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Buenaventura Mining by 6.5% in the first quarter. Russell Investments Group Ltd. now owns 1,508,421 shares of the mining company’s stock valued at $18,169,000 after buying an additional 91,857 shares during the last quarter. Hedge funds and other institutional investors own 44.94% of the company’s stock.

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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