Buenaventura Mining (NYSE:BVN) Price Target Raised to $27.50

Buenaventura Mining (NYSE:BVN) had its target price increased by Scotiabank from $27.00 to $27.50 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “sector perform” rating on the mining company’s stock. Scotiabank’s price target points to a potential upside of 22.79% from the company’s previous close.

BVN has been the subject of a number of other research reports. Zacks Research raised shares of Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Buenaventura Mining in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised Buenaventura Mining from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $27.50.

Buenaventura Mining Stock Up 3.2%

Shares of Buenaventura Mining stock traded up $0.70 during trading on Friday, reaching $22.40. The company’s stock had a trading volume of 592,015 shares, compared to its average volume of 1,107,993. Buenaventura Mining has a 1-year low of $11.50 and a 1-year high of $26.97. The company has a 50-day simple moving average of $22.45 and a two-hundred day simple moving average of $18.49. The company has a quick ratio of 2.31, a current ratio of 2.54 and a debt-to-equity ratio of 0.23. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 11.37 and a beta of 0.26.

Buenaventura Mining (NYSE:BVN) last released its quarterly earnings results on Thursday, October 30th. The mining company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.25. Buenaventura Mining had a return on equity of 9.47% and a net margin of 38.38%.The company had revenue of $431.00 million during the quarter, compared to analysts’ expectations of $355.57 million. As a group, equities analysts forecast that Buenaventura Mining will post 1.13 earnings per share for the current year.

Institutional Investors Weigh In On Buenaventura Mining

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Buenaventura Mining by 4.4% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 75,300 shares of the mining company’s stock valued at $1,832,000 after buying an additional 3,200 shares during the last quarter. Shell Asset Management Co. boosted its stake in shares of Buenaventura Mining by 45.3% in the third quarter. Shell Asset Management Co. now owns 14,508 shares of the mining company’s stock worth $353,000 after buying an additional 4,521 shares during the last quarter. Aberdeen Group plc grew its holdings in Buenaventura Mining by 24.2% during the third quarter. Aberdeen Group plc now owns 23,494 shares of the mining company’s stock worth $572,000 after acquiring an additional 4,582 shares during the period. Public Sector Pension Investment Board grew its holdings in Buenaventura Mining by 22.9% during the third quarter. Public Sector Pension Investment Board now owns 171,753 shares of the mining company’s stock worth $4,179,000 after acquiring an additional 32,000 shares during the period. Finally, Caprock Group LLC purchased a new position in Buenaventura Mining during the third quarter valued at approximately $694,000.

Buenaventura Mining Company Profile

Compañía de Minas Buenaventura SAA. engages in the exploration, development, construction, and operation of mineral processing business. The company explores for gold, silver, lead, zinc, and copper metals. It operates operating mining units, including Tambomayo located in the Caylloma province, Orcopampa Unit located in the province of Castilla, Uchucchacua located in province of Oyón, Julcani located in province of Angaraes, Peru, as well as San Gabrie located in the province of General Sánchez Cerro, in the Moquegua region.