Buenaventura Mining (NYSE:BVN) Stock Rating Lowered by Wall Street Zen

Buenaventura Mining (NYSE:BVN) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other equities analysts have also recently weighed in on the stock. Scotiabank dropped their price target on shares of 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. Morgan Stanley decreased their price objective on Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating for the company in a report on Wednesday, July 8th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Buenaventura Mining in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.25.

Buenaventura Mining Stock Performance

Shares of BVN stock opened at $34.16 on Friday. The firm has a market capitalization of $8.67 billion, a PE ratio of 7.73 and a beta of 0.43. The firm has a fifty day simple moving average of $31.37 and a two-hundred day simple moving average of $34.42. The company has a current ratio of 2.01, a quick ratio of 1.88 and a debt-to-equity ratio of 0.16. Buenaventura Mining has a 12 month low of $17.65 and a 12 month high of $44.67.

Buenaventura Mining (NYSE:BVN) last released its quarterly earnings data on Thursday, July 30th. The mining company reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.05). The business had revenue of $528.99 million during the quarter, compared to the consensus estimate of $610.00 million. Buenaventura Mining had a net margin of 50.88% and a return on equity of 27.72%. Analysts forecast that Buenaventura Mining will post 4.37 EPS for the current fiscal year.

Institutional Trading of Buenaventura Mining

Several institutional investors and hedge funds have recently made changes to their positions in the company. Oldfield Partners LLP lifted its position in shares of Buenaventura Mining by 6.4% during the second quarter. Oldfield Partners LLP now owns 44,816 shares of the mining company’s stock valued at $1,313,000 after purchasing an additional 2,678 shares in the last quarter. E. Ohman J or Asset Management AB boosted its holdings in Buenaventura Mining by 22.5% during the second quarter. E. Ohman J or Asset Management AB now owns 12,500 shares of the mining company’s stock worth $366,000 after purchasing an additional 2,300 shares during the last quarter. Liontrust Investment Partners LLP grew its position in Buenaventura Mining by 8.3% in the 1st quarter. Liontrust Investment Partners LLP now owns 13,000 shares of the mining company’s stock worth $469,000 after purchasing an additional 1,000 shares in the last quarter. Royal Bank of Canada grew its position in Buenaventura Mining by 13,674.3% in the 1st quarter. Royal Bank of Canada now owns 720,810 shares of the mining company’s stock worth $25,977,000 after purchasing an additional 715,577 shares in the last quarter. Finally, Quantinno Capital Management LP increased its stake in Buenaventura Mining by 9.1% in the 1st quarter. Quantinno Capital Management LP now owns 69,523 shares of the mining company’s stock valued at $2,506,000 after buying an additional 5,803 shares during the last quarter.

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.