Buenaventura Mining (NYSE:BVN) Downgraded by Zacks Research to Hold

Buenaventura Mining (NYSE:BVN) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other research firms have also commented on BVN. Wall Street Zen raised Buenaventura Mining from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Buenaventura Mining in a report on Monday, December 29th. Finally, Scotiabank reduced their price target on Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $27.00.

Buenaventura Mining Stock Up 1.6%

Shares of NYSE BVN opened at $31.22 on Wednesday. The stock has a market capitalization of $7.92 billion, a PE ratio of 18.36 and a beta of 0.35. The company has a quick ratio of 2.05, a current ratio of 2.27 and a debt-to-equity ratio of 0.18. The firm has a fifty day moving average of $25.91 and a 200-day moving average of $21.95. Buenaventura Mining has a 52-week low of $12.20 and a 52-week high of $31.27.

Buenaventura Mining (NYSE:BVN) last posted its quarterly earnings results on Friday, October 31st. The mining company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.41 by $0.25. Buenaventura Mining had a net margin of 30.70% and a return on equity of 11.76%. The firm had revenue of $431.04 million for the quarter, compared to analyst estimates of $355.57 million. On average, analysts anticipate that Buenaventura Mining will post 1.13 EPS for the current year.

Institutional Trading of Buenaventura Mining

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd acquired a new stake in Buenaventura Mining in the second quarter valued at $28,000. Raymond James Financial Inc. bought a new stake in shares of Buenaventura Mining in the 2nd quarter worth about $32,000. Headlands Technologies LLC increased its position in shares of Buenaventura Mining by 60.9% in the 2nd quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock worth $62,000 after purchasing an additional 1,424 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Buenaventura Mining by 24.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,210 shares of the mining company’s stock valued at $135,000 after purchasing an additional 1,637 shares in the last quarter. Finally, Savant Capital LLC bought a new position in shares of Buenaventura Mining during the second quarter worth about $166,000.

About Buenaventura Mining

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.