Buenaventura Mining (NYSE:BVN) Downgraded to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of Buenaventura Mining (NYSE:BVN) from a strong-buy rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

Several other equities research analysts have also issued reports on the stock. Scotiabank raised their price target on shares of Buenaventura Mining from $27.00 to $27.50 and gave the stock a “sector perform” rating in a research note on Friday, November 7th. Wall Street Zen raised Buenaventura Mining from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Buenaventura Mining in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $27.50.

Buenaventura Mining Trading Down 0.1%

Shares of Buenaventura Mining stock opened at $23.31 on Monday. The firm has a market cap of $5.91 billion, a PE ratio of 11.83 and a beta of 0.26. Buenaventura Mining has a 1 year low of $11.50 and a 1 year high of $26.97. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.54 and a quick ratio of 2.31. The stock has a fifty day moving average price of $22.68 and a 200-day moving average price of $18.72.

Buenaventura Mining (NYSE:BVN) last posted its quarterly earnings results on Thursday, October 30th. The mining company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.25. Buenaventura Mining had a net margin of 38.38% and a return on equity of 9.47%. The company had revenue of $431.00 million during the quarter, compared to analyst estimates of $355.57 million. Equities research analysts anticipate that Buenaventura Mining will post 1.13 EPS for the current year.

Buenaventura Mining Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Tuesday, December 9th. Investors of record on Wednesday, November 19th will be paid a $0.1446 dividend. The ex-dividend date is Wednesday, November 19th. Buenaventura Mining’s payout ratio is currently 24.12%.

Hedge Funds Weigh In On Buenaventura Mining

Several hedge funds have recently made changes to their positions in BVN. Helikon Investments Ltd bought a new stake in shares of Buenaventura Mining during the 1st quarter valued at $26,686,000. Invesco Ltd. grew its holdings in Buenaventura Mining by 2,318.6% during the 2nd quarter. Invesco Ltd. now owns 633,036 shares of the mining company’s stock valued at $10,394,000 after buying an additional 606,862 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Buenaventura Mining by 12.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,502,101 shares of the mining company’s stock valued at $85,998,000 after buying an additional 591,482 shares during the period. Artisan Partners Limited Partnership lifted its holdings in shares of Buenaventura Mining by 69.4% in the second quarter. Artisan Partners Limited Partnership now owns 1,217,376 shares of the mining company’s stock worth $19,989,000 after buying an additional 498,585 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Buenaventura Mining by 32.9% in the first quarter. Northern Trust Corp now owns 1,642,557 shares of the mining company’s stock valued at $25,673,000 after acquiring an additional 406,641 shares during the period.

About Buenaventura Mining

Compañía de Minas Buenaventura SAA. engages in the exploration, development, construction, and operation of mineral processing business. The company explores for gold, silver, lead, zinc, and copper metals. It operates operating mining units, including Tambomayo located in the Caylloma province, Orcopampa Unit located in the province of Castilla, Uchucchacua located in province of Oyón, Julcani located in province of Angaraes, Peru, as well as San Gabrie located in the province of General Sánchez Cerro, in the Moquegua region.