Buenaventura Mining (NYSE:BVN) Posts Earnings Results, Beats Expectations By $1.03 EPS

Buenaventura Mining (NYSE:BVN) posted its quarterly earnings data on Thursday. The mining company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $1.03, Zacks reports. Buenaventura Mining had a return on equity of 11.76% and a net margin of 30.70%.The company had revenue of $623.40 million during the quarter, compared to analyst estimates of $451.60 million.

Buenaventura Mining Stock Up 5.7%

Buenaventura Mining stock traded up $2.35 during mid-day trading on Friday, hitting $43.48. The company had a trading volume of 3,062,900 shares, compared to its average volume of 1,496,801. Buenaventura Mining has a 12 month low of $12.45 and a 12 month high of $44.67. The company has a market capitalization of $11.03 billion, a PE ratio of 25.58 and a beta of 0.31. The stock’s 50 day moving average price is $35.03 and its two-hundred day moving average price is $27.02. The company has a current ratio of 2.27, a quick ratio of 2.05 and a debt-to-equity ratio of 0.18.

Analyst Ratings Changes

BVN has been the topic of several recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Buenaventura Mining in a research note on Monday, December 29th. Wall Street Zen lowered Buenaventura Mining from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Scotiabank decreased their target price 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. 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $27.00.

Institutional Trading of Buenaventura Mining

Institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. lifted its holdings in Buenaventura Mining by 27.8% during the first quarter. Goldman Sachs Group Inc. now owns 427,509 shares of the mining company’s stock valued at $6,682,000 after purchasing an additional 93,021 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Buenaventura Mining by 2.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,278,411 shares of the mining company’s stock valued at $19,982,000 after purchasing an additional 25,440 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Buenaventura Mining during the 2nd quarter valued at $345,000. Invesco Ltd. boosted its holdings in Buenaventura Mining by 2,318.6% in the 2nd quarter. Invesco Ltd. now owns 633,036 shares of the mining company’s stock worth $10,394,000 after buying an additional 606,862 shares during the period. Finally, Sei Investments Co. increased its stake in Buenaventura Mining by 691.4% in the 2nd quarter. Sei Investments Co. now owns 228,246 shares of the mining company’s stock worth $3,748,000 after buying an additional 199,405 shares in the last quarter.

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.