Buenaventura Mining (NYSE:BVN) Lowered to Hold Rating by Zacks Research

Zacks Research downgraded shares of Buenaventura Mining (NYSE:BVN) from a strong-buy rating to a hold rating in a report published on Wednesday morning,Zacks.com reports.

BVN has been the topic of several other reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Buenaventura Mining in a research report on Monday, December 29th. Scotiabank decreased their target price on Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 19th. Finally, Wall Street Zen upgraded Buenaventura Mining from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. 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, Buenaventura Mining has a consensus rating of “Hold” and an average target price of $27.00.

Buenaventura Mining Stock Performance

BVN stock opened at $31.22 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.27 and a quick ratio of 2.05. Buenaventura Mining has a 1 year low of $12.20 and a 1 year high of $31.27. The company has a market cap of $7.92 billion, a P/E ratio of 18.36 and a beta of 0.35. The stock’s fifty day moving average price is $25.91 and its 200-day moving average price is $21.95.

Buenaventura Mining (NYSE:BVN) last posted its earnings results on Friday, October 31st. The mining company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.25. The company had revenue of $431.04 million for the quarter, compared to the consensus estimate of $355.57 million. Buenaventura Mining had a return on equity of 11.76% and a net margin of 30.70%. On average, equities analysts forecast that Buenaventura Mining will post 1.13 earnings per share for the current year.

Buenaventura Mining Announces Dividend

The firm also recently declared a special dividend, which was paid on Tuesday, December 9th. Shareholders of record on Wednesday, November 19th were issued a dividend of $0.1446 per share. The ex-dividend date of this dividend was Wednesday, November 19th. Buenaventura Mining’s dividend payout ratio (DPR) is currently 24.71%.

Institutional Trading of Buenaventura Mining

Institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd purchased a new position in Buenaventura Mining in the 2nd quarter worth approximately $28,000. Raymond James Financial Inc. purchased a new position in shares of Buenaventura Mining during the second quarter valued at about $32,000. Headlands Technologies LLC increased its holdings in shares of 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. Blue Trust Inc. lifted its position in shares of Buenaventura Mining by 18.8% in the third quarter. Blue Trust Inc. now owns 8,111 shares of the mining company’s stock worth $197,000 after buying an additional 1,283 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Buenaventura Mining by 24.9% during the second quarter. PNC Financial Services Group Inc. now owns 8,210 shares of the mining company’s stock valued at $135,000 after buying an additional 1,637 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.