Buenaventura Mining (NYSE:BVN) Upgraded at Zacks Research

Zacks Research upgraded shares of Buenaventura Mining (NYSE:BVN) from a hold rating to a strong-buy rating in a research note published on Tuesday morning,Zacks.com reports.

Separately, Wall Street Zen cut Buenaventura Mining from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $16.75.

Buenaventura Mining Stock Down 1.4%

Shares of NYSE:BVN opened at $19.83 on Tuesday. The firm’s 50-day moving average is $18.35 and its two-hundred day moving average is $16.22. The firm has a market capitalization of $5.03 billion, a PE ratio of 10.07 and a beta of 0.28. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.54 and a quick ratio of 2.31. Buenaventura Mining has a 1 year low of $11.50 and a 1 year high of $20.87.

Buenaventura Mining (NYSE:BVN) last announced its quarterly earnings data on Thursday, July 24th. The mining company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.10. Buenaventura Mining had a return on equity of 9.47% and a net margin of 38.38%.The business had revenue of $369.50 million during the quarter, compared to the consensus estimate of $338.29 million. Analysts predict that Buenaventura Mining will post 1.13 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Liontrust Investment Partners LLP grew its stake in shares of Buenaventura Mining by 110.0% during the 2nd quarter. Liontrust Investment Partners LLP now owns 42,000 shares of the mining company’s stock worth $690,000 after purchasing an additional 22,000 shares during the period. Headlands Technologies LLC increased its stake in Buenaventura Mining by 60.9% in the 2nd quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock valued at $62,000 after purchasing an additional 1,424 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Buenaventura Mining by 6.4% during the second quarter. CANADA LIFE ASSURANCE Co now owns 213,808 shares of the mining company’s stock worth $3,510,000 after purchasing an additional 12,800 shares during the last quarter. Tidal Investments LLC boosted its position in Buenaventura Mining by 11.8% during the second quarter. Tidal Investments LLC now owns 2,858,519 shares of the mining company’s stock worth $46,937,000 after purchasing an additional 302,523 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Buenaventura Mining by 9.7% in the second quarter. Bank of America Corp DE now owns 550,408 shares of the mining company’s stock valued at $9,038,000 after buying an additional 48,802 shares in the last quarter.

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.