Buenaventura Mining (NYSE:BVN) Releases Quarterly Earnings Results, Beats Estimates By $1.03 EPS

Buenaventura Mining (NYSE:BVN) posted its quarterly earnings data on Thursday. The mining company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $1.03, Zacks reports. The firm had revenue of $623.40 million during the quarter, compared to analysts’ expectations of $451.60 million. Buenaventura Mining had a return on equity of 11.76% and a net margin of 30.70%.

Buenaventura Mining Stock Performance

Buenaventura Mining stock traded up $2.35 during midday trading on Friday, reaching $43.48. 3,062,900 shares of the stock traded hands, compared to its average volume of 1,496,801. Buenaventura Mining has a fifty-two week low of $12.45 and a fifty-two week high of $44.67. The company has a current ratio of 2.27, a quick ratio of 2.05 and a debt-to-equity ratio of 0.18. The firm has a market cap of $11.03 billion, a price-to-earnings ratio of 25.58 and a beta of 0.31. The firm has a fifty day moving average price of $35.03 and a two-hundred day moving average price of $27.02.

Institutional Investors Weigh In On Buenaventura Mining

Institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in Buenaventura Mining by 1,725.7% in the 4th 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 during the period. Raymond James Financial Inc. purchased a new stake in shares of Buenaventura Mining in the second quarter valued at $32,000. Headlands Technologies LLC boosted its position in shares of Buenaventura Mining by 60.9% in the second quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock worth $62,000 after buying an additional 1,424 shares during the period. &PARTNERS acquired a new stake in shares of Buenaventura Mining in the fourth quarter worth $207,000. Finally, AQR Capital Management LLC acquired a new position in Buenaventura Mining during the fourth quarter valued at $227,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BVN shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Buenaventura Mining in a research report on Monday, December 29th. Wall Street Zen cut Buenaventura Mining from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Zacks Research upgraded shares of Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Finally, Scotiabank decreased their target price 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. One 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. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $27.00.

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.