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

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

Other research analysts have also issued reports about the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Buenaventura Mining in a research report on Thursday, October 29th. Wall Street Zen upgraded shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Finally, Scotiabank decreased their price target on Buenaventura Mining from $44.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $37.25.

Buenaventura Mining Stock Performance

NYSE:BVN opened at $25.28 on Wednesday. The company has a quick ratio of 2.43, a current ratio of 2.59 and a debt-to-equity ratio of 0.15. Buenaventura Mining has a fifty-two week low of $22.43 and a fifty-two week high of $44.67. The stock has a market cap of $6.41 billion, a PE ratio of 5.36 and a beta of 0.40. The firm’s fifty day simple moving average is $30.96 and its 200-day simple moving average is $33.50.

Buenaventura Mining (NYSE:BVN) last announced its quarterly earnings results on Thursday, October 29th. The mining company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. Buenaventura Mining had a net margin of 51.78% and a return on equity of 27.60%. The business had revenue of $545.33 million during the quarter, compared to the consensus estimate of $439.69 million. Analysts expect that Buenaventura Mining will post 4.01 earnings per share for the current fiscal year.

Institutional Trading of Buenaventura Mining

Large investors have recently modified their holdings of the business. Mather Group LLC. purchased a new position in shares of Buenaventura Mining during the 3rd quarter worth approximately $31,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Buenaventura Mining during the 3rd quarter worth approximately $78,000. Sanctuary Advisors LLC purchased a new stake in Buenaventura Mining in the 1st quarter valued at approximately $212,000. HighTower Advisors LLC purchased a new stake in Buenaventura Mining in the 3rd quarter valued at approximately $232,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Buenaventura Mining by 21.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,808 shares of the mining company’s stock worth $310,000 after buying an additional 1,744 shares in the last quarter.

About Buenaventura Mining

Compañía de Minas Buenaventura S.A.A., known as Buenaventura, is a Peru-based mining company engaged in the exploration, development, and operation of mineral properties. Its products include gold, silver, copper, lead, and zinc. The company operates in Peru and participates in mining projects through subsidiaries, joint ventures, and ownership interests. Its portfolio has included both precious- and base-metal operations, as well as interests in larger mining ventures. Founded in 1953, Buenaventura is headquartered in Lima.