Buenaventura Mining (NYSE:BVN) Upgraded to “Strong-Buy” at Zacks Research

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

Several other equities research analysts have also issued reports on BVN. Weiss Ratings reissued a “buy (b-)” rating on shares of Buenaventura Mining in a research report on Thursday, October 29th. Wall Street Zen upgraded Buenaventura Mining from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. Finally, Scotiabank cut their price objective on Buenaventura Mining from $44.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $37.25.

Buenaventura Mining Stock Down 3.2%

BVN opened at $25.28 on Wednesday. The firm has a 50 day moving average price of $30.96 and a 200 day moving average price of $33.50. The company has a market cap of $6.41 billion, a PE ratio of 5.36 and a beta of 0.40. Buenaventura Mining has a 1 year low of $22.43 and a 1 year high of $44.67. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.43 and a current ratio of 2.59.

Buenaventura Mining (NYSE:BVN) last posted its quarterly earnings results on Thursday, October 29th. The mining company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.86 by $0.10. Buenaventura Mining had a net margin of 51.78% and a return on equity of 27.60%. The firm had revenue of $545.33 million for the quarter, compared to analyst estimates of $439.69 million. Sell-side analysts expect that Buenaventura Mining will post 4.01 earnings per share for the current year.

Institutional Investors Weigh In On Buenaventura Mining

Hedge funds have recently bought and sold shares of the business. Centrica Wealth Management LLC acquired a new position in shares of Buenaventura Mining in the 2nd quarter valued at approximately $131,547,000. Robeco Institutional Asset Management B.V. increased its stake in shares of Buenaventura Mining by 0.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 4,311,426 shares of the mining company’s stock worth $136,155,000 after buying an additional 40,110 shares during the last quarter. Bank of Nova Scotia increased its stake in shares of Buenaventura Mining by 83.0% in the first quarter. Bank of Nova Scotia now owns 2,520,383 shares of the mining company’s stock worth $90,835,000 after buying an additional 1,143,072 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Buenaventura Mining by 32.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,301,015 shares of the mining company’s stock worth $82,929,000 after buying an additional 558,186 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in Buenaventura Mining by 140.8% in the first quarter. Jennison Associates LLC now owns 1,267,998 shares of the mining company’s stock valued at $45,699,000 after acquiring an additional 741,344 shares in the last quarter.

About Buenaventura Mining

Compañía de Minas Buenaventura S.A.A., known as Buenaventura, is a Peru-based mining company engaged in the exploration, development, and operation of mineral properties. Its products include gold, silver, copper, lead, and zinc. The company operates in Peru and participates in mining projects through subsidiaries, joint ventures, and ownership interests. Its portfolio has included both precious- and base-metal operations, as well as interests in larger mining ventures. Founded in 1953, Buenaventura is headquartered in Lima.