Buenaventura Mining (NYSE:BVN) Rating Lowered to Hold at Zacks Research

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

A number of other equities research analysts have also recently weighed in on the company. Scotiabank lifted their price target on Buenaventura Mining from $42.00 to $44.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Buenaventura Mining in a report on Monday, December 29th. Finally, Wall Street Zen raised Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 28th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $44.00.

Buenaventura Mining Stock Up 3.1%

Buenaventura Mining stock opened at $37.14 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.88 and a current ratio of 2.01. Buenaventura Mining has a one year low of $12.56 and a one year high of $44.67. The company has a 50-day simple moving average of $36.97 and a 200-day simple moving average of $29.75. The firm has a market capitalization of $9.42 billion, a P/E ratio of 12.06 and a beta of 0.40.

Buenaventura Mining (NYSE:BVN) last issued its quarterly earnings data on Friday, February 27th. The mining company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $0.59 by $1.03. The firm had revenue of $623.40 million for the quarter, compared to the consensus estimate of $451.60 million. Buenaventura Mining had a net margin of 45.17% and a return on equity of 20.39%. As a group, equities analysts expect 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 BVN. Corient Private Wealth LLC lifted its position in Buenaventura Mining by 2.7% in the fourth quarter. Corient Private Wealth LLC now owns 17,857 shares of the mining company’s stock worth $497,000 after purchasing an additional 470 shares during the period. Ieq Capital LLC increased its position in shares of Buenaventura Mining by 6.6% during the 4th quarter. Ieq Capital LLC now owns 10,869 shares of the mining company’s stock valued at $302,000 after purchasing an additional 674 shares during the period. Savant Capital LLC raised its stake in shares of Buenaventura Mining by 6.0% in the 4th quarter. Savant Capital LLC now owns 12,585 shares of the mining company’s stock worth $350,000 after buying an additional 712 shares in the last quarter. Personal CFO Solutions LLC raised its stake in shares of Buenaventura Mining by 5.6% in the 4th quarter. Personal CFO Solutions LLC now owns 13,443 shares of the mining company’s stock worth $374,000 after buying an additional 717 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Buenaventura Mining by 10.2% in the third quarter. Public Employees Retirement System of Ohio now owns 8,615 shares of the mining company’s stock valued at $210,000 after buying an additional 800 shares during the period.

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.