Buenaventura Mining (NYSE:BVN) Stock Price Expected to Rise, Scotiabank Analyst Says

Buenaventura Mining (NYSE:BVN) had its price target increased by investment analysts at Scotiabank from $42.00 to $44.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “sector perform” rating on the mining company’s stock. Scotiabank’s price target would indicate a potential upside of 3.23% from the stock’s current price.

Several other research firms also recently commented on BVN. Weiss Ratings restated a “buy (b)” rating on shares of Buenaventura Mining in a report on Monday, December 29th. Wall Street Zen upgraded Buenaventura Mining from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Zacks Research raised shares of Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $44.00.

Buenaventura Mining Trading Down 2.4%

BVN stock traded down $1.05 during midday trading on Monday, reaching $42.63. The company’s stock had a trading volume of 948,132 shares, compared to its average volume of 1,669,556. Buenaventura Mining has a 1 year low of $12.56 and a 1 year high of $44.67. The firm has a market capitalization of $10.81 billion, a price-to-earnings ratio of 13.84 and a beta of 0.26. The stock has a fifty day simple moving average of $35.03 and a two-hundred day simple moving average of $27.14. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.05 and a current ratio of 2.27.

Buenaventura Mining (NYSE:BVN) last posted its quarterly earnings results on Thursday, February 26th. The mining company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $1.03. The firm had revenue of $623.40 million for the quarter, compared to analysts’ expectations of $451.60 million. Buenaventura Mining had a net margin of 45.17% and a return on equity of 21.09%. On average, equities research analysts predict that Buenaventura Mining will post 1.13 EPS for the current year.

Hedge Funds Weigh In On Buenaventura Mining

Large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Buenaventura Mining in the 2nd quarter valued at about $32,000. Smartleaf Asset Management LLC boosted its stake in Buenaventura Mining by 1,725.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,917 shares of the mining company’s stock valued at $55,000 after acquiring an additional 1,812 shares in the last quarter. Headlands Technologies LLC grew its holdings in Buenaventura Mining by 60.9% in the second quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock worth $62,000 after purchasing an additional 1,424 shares during the last quarter. Assetmark Inc. increased its position in shares of Buenaventura Mining by 463.4% during the fourth quarter. Assetmark Inc. now owns 3,983 shares of the mining company’s stock worth $111,000 after purchasing an additional 3,276 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in shares of Buenaventura Mining by 3,503.4% during the 4th quarter. Global Retirement Partners LLC now owns 4,216 shares of the mining company’s stock valued at $117,000 after purchasing 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.