Buenaventura Mining (NYSE:BVN) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Buenaventura Mining (NYSE:BVN) from a buy rating to a hold rating in a report issued on Saturday morning.

A number of other brokerages have also recently commented on BVN. Zacks Research upgraded shares of Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Buenaventura Mining in a report on Monday, December 29th. Finally, Scotiabank cut their price target on Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating for the company in a report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $27.00.

Buenaventura Mining Trading Up 0.5%

Shares of BVN opened at $38.60 on Friday. Buenaventura Mining has a fifty-two week low of $12.27 and a fifty-two week high of $41.28. The business has a 50-day moving average of $34.01 and a 200 day moving average of $26.51. The firm has a market cap of $9.79 billion, a P/E ratio of 22.70 and a beta of 0.31. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.05 and a current ratio of 2.27.

Hedge Funds Weigh In On Buenaventura Mining

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Buenaventura Mining in the 2nd quarter valued at about $28,000. Smartleaf Asset Management LLC grew its holdings in shares of Buenaventura Mining by 1,725.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,917 shares of the mining company’s stock worth $55,000 after purchasing an additional 1,812 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Buenaventura Mining in the second quarter worth approximately $32,000. Headlands Technologies LLC raised its stake in Buenaventura Mining by 60.9% in the second 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. Finally, Assetmark Inc. raised its stake in Buenaventura Mining by 463.4% in the fourth quarter. Assetmark Inc. now owns 3,983 shares of the mining company’s stock valued at $111,000 after purchasing an additional 3,276 shares in the last quarter.

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.