Buenaventura Mining (NYSE:BVN) Reaches New 52-Week High – Should You Buy?

Buenaventura Mining Company Inc. (NYSE:BVN) shares reached a new 52-week high on Monday . The stock traded as high as $39.90 and last traded at $39.79, with a volume of 171713 shares traded. The stock had previously closed at $37.10.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Zacks Research lowered Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Buenaventura Mining in a report on Monday, December 29th. Scotiabank dropped their price objective on shares of Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 19th. Finally, Wall Street Zen upgraded Buenaventura Mining from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $27.00.

Buenaventura Mining Trading Up 2.2%

The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.05 and a current ratio of 2.27. The firm has a market cap of $9.90 billion, a price-to-earnings ratio of 22.95 and a beta of 0.35. The company’s 50-day moving average is $29.30 and its 200-day moving average is $23.80.

Buenaventura Mining (NYSE:BVN) last posted its quarterly earnings data on Friday, October 31st. The mining company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.25. The firm had revenue of $431.04 million during the quarter, compared to analysts’ expectations of $355.57 million. Buenaventura Mining had a net margin of 30.70% and a return on equity of 11.76%. On average, research analysts predict that Buenaventura Mining Company Inc. will post 1.13 earnings per share for the current year.

Buenaventura Mining Dividend Announcement

The firm also recently declared a special dividend, which was paid on Tuesday, December 9th. Investors of record on Wednesday, November 19th were paid a dividend of $0.1446 per share. The ex-dividend date of this dividend was Wednesday, November 19th. Buenaventura Mining’s payout ratio is 24.12%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BVN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Buenaventura Mining by 38.5% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,196,976 shares of the mining company’s stock worth $175,102,000 after buying an additional 1,999,475 shares during the last quarter. Tidal Investments LLC raised its position in shares of Buenaventura Mining by 10.5% in the 3rd quarter. Tidal Investments LLC now owns 3,158,341 shares of the mining company’s stock valued at $76,842,000 after acquiring an additional 299,822 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in Buenaventura Mining by 738.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,979,757 shares of the mining company’s stock valued at $82,927,000 after purchasing an additional 2,624,485 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Buenaventura Mining by 20.6% during the second quarter. JPMorgan Chase & Co. now owns 2,291,838 shares of the mining company’s stock worth $37,632,000 after purchasing an additional 391,465 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Buenaventura Mining by 146.5% in the 3rd quarter. American Century Companies Inc. now owns 1,737,984 shares of the mining company’s stock valued at $42,285,000 after buying an additional 1,033,045 shares during the period.

Buenaventura Mining Company Profile

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.