Buenaventura Mining (NYSE:BVN) Rating Increased to Strong-Buy at Wall Street Zen

Buenaventura Mining (NYSE:BVN) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

A number of other equities research analysts also recently commented on the company. Scotiabank upped their price objective on Buenaventura Mining from $42.00 to $44.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Buenaventura Mining in a research report on Monday, December 29th. Finally, Zacks Research raised Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $44.00.

Buenaventura Mining Price Performance

BVN opened at $33.40 on Friday. The company has a fifty day moving average price of $37.01 and a two-hundred day moving average price of $29.35. The firm has a market capitalization of $8.47 billion, a PE ratio of 10.84 and a beta of 0.26. Buenaventura Mining has a 52 week low of $12.56 and a 52 week high of $44.67. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.05 and a current ratio of 2.01.

Buenaventura Mining (NYSE:BVN) last posted its quarterly earnings results on Friday, February 27th. The mining company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $1.03. Buenaventura Mining had a return on equity of 20.39% and a net margin of 45.17%.The company had revenue of $623.40 million for the quarter, compared to the consensus estimate of $451.60 million. As a group, analysts anticipate that Buenaventura Mining will post 1.13 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. FIL Ltd raised its holdings in shares of Buenaventura Mining by 8.8% during the fourth quarter. FIL Ltd now owns 13,473,909 shares of the mining company’s stock worth $374,979,000 after acquiring an additional 1,085,443 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Buenaventura Mining by 38.5% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,196,976 shares of the mining company’s stock worth $175,102,000 after purchasing an additional 1,999,475 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Buenaventura Mining by 3,096,894.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,884,290 shares of the mining company’s stock worth $163,760,000 after purchasing an additional 5,884,100 shares during the period. State Street Corp increased its holdings in Buenaventura Mining by 1.2% during the 4th quarter. State Street Corp now owns 3,586,205 shares of the mining company’s stock worth $99,804,000 after purchasing an additional 44,033 shares in the last quarter. Finally, Tidal Investments LLC raised its stake in shares of Buenaventura Mining by 10.5% in the 3rd quarter. Tidal Investments LLC now owns 3,158,341 shares of the mining company’s stock valued at $76,842,000 after purchasing an additional 299,822 shares during the period.

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.