Buenaventura Mining Company Inc. (NYSE:BVN) was upgraded by Morgan Stanley from an “equal weight” rating to an “overweight” rating in a report released on Monday, MarketBeat Ratings reports. The brokerage presently has a $17.30 price objective on the mining company’s stock, up from their previous price objective of $13.00. Morgan Stanley’s price objective suggests a potential upside of 30.17% from the company’s current price.

A number of other brokerages have also issued reports on BVN. BidaskClub lowered shares of Buenaventura Mining from a “hold” rating to a “sell” rating in a research report on Friday, June 30th. ValuEngine lowered shares of Buenaventura Mining from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, Credit Suisse Group reiterated a “hold” rating on shares of Buenaventura Mining in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $15.80.

Shares of Buenaventura Mining (BVN) traded up 4.21% during mid-day trading on Monday, hitting $13.38. 1,067,333 shares of the company traded hands. The firm’s market cap is $4.12 billion. Buenaventura Mining has a 52-week low of $9.87 and a 52-week high of $14.77. The firm has a 50-day moving average price of $12.91 and a 200 day moving average price of $12.28.

Buenaventura Mining (NYSE:BVN) last announced its earnings results on Thursday, July 27th. The mining company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.24). The company had revenue of $256.73 million during the quarter, compared to the consensus estimate of $327.50 million. Buenaventura Mining had a negative net margin of 33.54% and a negative return on equity of 11.01%. The business’s quarterly revenue was down 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. Equities research analysts anticipate that Buenaventura Mining will post $0.91 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This news story was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of international trademark and copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/09/25/buenaventura-mining-company-inc-bvn-upgraded-at-morgan-stanley.html.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. World Asset Management Inc lifted its holdings in Buenaventura Mining by 0.7% in the 1st quarter. World Asset Management Inc now owns 17,056 shares of the mining company’s stock valued at $205,000 after acquiring an additional 121 shares during the last quarter. Comerica Bank lifted its holdings in Buenaventura Mining by 1.3% in the 1st quarter. Comerica Bank now owns 15,760 shares of the mining company’s stock valued at $183,000 after acquiring an additional 205 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in Buenaventura Mining by 0.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 78,208 shares of the mining company’s stock valued at $940,000 after acquiring an additional 700 shares during the last quarter. California Public Employees Retirement System lifted its holdings in Buenaventura Mining by 0.7% in the 2nd quarter. California Public Employees Retirement System now owns 268,306 shares of the mining company’s stock valued at $3,086,000 after acquiring an additional 1,756 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Buenaventura Mining by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 401,354 shares of the mining company’s stock valued at $4,595,000 after acquiring an additional 1,895 shares during the last quarter. 44.93% of the stock is owned by institutional investors.

Buenaventura Mining Company Profile

Compania de Minas Buenaventura SAA. (Buenaventura) is a precious metals company. The Company is engaged in the exploration, mining and processing of gold, silver and other metals in Peru. The Company’s segments include Production and sale of minerals; Exploration and development activities; Construction and engineering services; Energy generation and transmission services; Insurance brokerage; Rental of mining concessions; Holding of investment in shares (mainly in Minera Yanacocha S.R.L.

Receive News & Ratings for Buenaventura Mining Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Buenaventura Mining Company Inc. and related companies with MarketBeat.com's FREE daily email newsletter.