Zacks Research Upgrades Buenaventura Mining (NYSE:BVN) to Strong-Buy

Buenaventura Mining (NYSE:BVN) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

A number of other equities research analysts also recently commented on the company. Wall Street Zen upgraded Buenaventura Mining from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Buenaventura Mining in a research note on Monday, December 29th. Finally, Scotiabank lowered their target price on Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Buenaventura Mining currently has an average rating of “Buy” and an average price target of $27.00.

Buenaventura Mining Stock Up 5.6%

Shares of BVN stock opened at $36.95 on Thursday. The company’s fifty day simple moving average is $31.31 and its two-hundred day simple moving average is $24.79. Buenaventura Mining has a 52 week low of $12.27 and a 52 week high of $41.28. The stock has a market cap of $9.37 billion, a P/E ratio of 21.74 and a beta of 0.31. The company has a quick ratio of 2.05, a current ratio of 2.27 and a debt-to-equity ratio of 0.18.

Hedge Funds Weigh In On Buenaventura Mining

Institutional investors and hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in Buenaventura Mining during the 2nd quarter valued at $28,000. Raymond James Financial Inc. bought a new position in Buenaventura Mining during the second quarter valued at $32,000. Headlands Technologies LLC increased its position in Buenaventura Mining by 60.9% during the second quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock valued at $62,000 after acquiring an additional 1,424 shares during the last quarter. Assetmark Inc. raised its stake in shares of Buenaventura Mining by 463.4% in the fourth quarter. Assetmark Inc. now owns 3,983 shares of the mining company’s stock valued at $111,000 after acquiring an additional 3,276 shares during the period. Finally, Global Retirement Partners LLC lifted its holdings in shares of Buenaventura Mining by 3,503.4% in the 4th quarter. Global Retirement Partners LLC now owns 4,216 shares of the mining company’s stock worth $117,000 after acquiring an additional 4,099 shares during the last quarter.

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.