Buenaventura Mining (NYSE:BVN) Reaches New 12-Month High – Should You Buy?

Shares of Buenaventura Mining Company Inc. (NYSE:BVN) hit a new 52-week high on Wednesday . The company traded as high as $27.04 and last traded at $26.8490, with a volume of 1141658 shares trading hands. The stock had previously closed at $26.45.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BVN. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Buenaventura Mining in a research note on Monday. Zacks Research downgraded shares of Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Wall Street Zen raised shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Finally, Scotiabank cut their price objective on shares of Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating for the company in a report on Wednesday, November 19th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $27.00.

Buenaventura Mining Stock Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 2.27 and a quick ratio of 2.05. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 15.79 and a beta of 0.37. The firm has a 50 day simple moving average of $23.92 and a 200-day simple moving average of $20.08.

Buenaventura Mining (NYSE:BVN) last announced its quarterly earnings results on Friday, October 31st. The mining company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.41 by $0.25. The business had revenue of $431.04 million for the quarter, compared to analyst estimates of $355.57 million. Buenaventura Mining had a return on equity of 11.76% and a net margin of 30.70%. As a group, analysts predict that Buenaventura Mining Company Inc. will post 1.13 EPS for the current fiscal year.

Buenaventura Mining Dividend Announcement

The business also recently declared a special dividend, which was paid on Tuesday, December 9th. Shareholders of record on Wednesday, November 19th were given a dividend of $0.1446 per share. The ex-dividend date was Wednesday, November 19th. Buenaventura Mining’s dividend payout ratio (DPR) is currently 24.12%.

Hedge Funds Weigh In On Buenaventura Mining

A number of hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in Buenaventura Mining by 20.6% during the second quarter. JPMorgan Chase & Co. now owns 2,291,838 shares of the mining company’s stock worth $37,632,000 after purchasing an additional 391,465 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Buenaventura Mining by 14.0% in the 1st quarter. Acadian Asset Management LLC now owns 1,398,194 shares of the mining company’s stock valued at $21,849,000 after buying an additional 171,815 shares during the period. Fox Run Management L.L.C. lifted its stake in Buenaventura Mining by 174.7% during the 2nd quarter. Fox Run Management L.L.C. now owns 57,223 shares of the mining company’s stock worth $940,000 after acquiring an additional 36,395 shares in the last quarter. Artisan Partners Limited Partnership boosted its holdings in Buenaventura Mining by 69.4% during the 2nd quarter. Artisan Partners Limited Partnership now owns 1,217,376 shares of the mining company’s stock valued at $19,989,000 after acquiring an additional 498,585 shares during the period. Finally, Icon Advisers Inc. Co. acquired a new position in Buenaventura Mining in the 2nd quarter valued at about $3,448,000.

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.