Buenaventura Mining (NYSE:BVN) Downgraded to “Hold” Rating by Wall Street Zen

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

Other equities analysts have also recently issued reports about the company. 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Buenaventura Mining in a research report on Monday, December 29th. Finally, Zacks Research upgraded shares of Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $27.00.

Buenaventura Mining Stock Performance

NYSE:BVN opened at $38.44 on Friday. 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 50-day moving average price of $33.80 and a two-hundred day moving average price of $26.25. Buenaventura Mining has a twelve month low of $12.27 and a twelve month high of $41.28. The company has a market capitalization of $9.75 billion, a P/E ratio of 22.61 and a beta of 0.31.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new position in shares of Buenaventura Mining during the 2nd quarter worth about $28,000. Smartleaf Asset Management LLC increased its position in 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 during the last quarter. Raymond James Financial Inc. purchased a new position in Buenaventura Mining during the second quarter worth approximately $32,000. Headlands Technologies LLC boosted its holdings in shares of 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 during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Buenaventura Mining by 463.4% during the 4th quarter. Assetmark Inc. now owns 3,983 shares of the mining company’s stock valued at $111,000 after buying an additional 3,276 shares during the period.

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.