Buenaventura Mining (NYSE:BVN) Hits New 52-Week High – What’s Next?

Shares of Buenaventura Mining Company Inc. (NYSE:BVN) hit a new 52-week high on Tuesday . The company traded as high as $36.57 and last traded at $36.5940, with a volume of 174468 shares changing hands. The stock had previously closed at $34.68.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Zacks Research lowered Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Scotiabank dropped their target price on shares of Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating for the company in a report on Wednesday, November 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Buenaventura Mining in a report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $27.00.

Buenaventura Mining Price Performance

The company has a 50 day moving average price of $27.60 and a 200-day moving average price of $22.91. The company has a quick ratio of 2.05, a current ratio of 2.27 and a debt-to-equity ratio of 0.18. The company has a market cap of $9.33 billion, a price-to-earnings ratio of 21.52 and a beta of 0.35.

Buenaventura Mining (NYSE:BVN) last announced its quarterly earnings results on Friday, October 31st. The mining company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.25. The firm had revenue of $431.04 million during the quarter, compared to analysts’ expectations of $355.57 million. Buenaventura Mining had a net margin of 30.70% and a return on equity of 11.76%. As a group, equities research analysts predict that Buenaventura Mining Company Inc. will post 1.13 EPS for the current fiscal year.

Buenaventura Mining Announces Dividend

The business also recently announced 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 payout ratio is presently 24.71%.

Hedge Funds Weigh In On Buenaventura Mining

A number of hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its holdings in Buenaventura Mining by 27.8% in the first quarter. Goldman Sachs Group Inc. now owns 427,509 shares of the mining company’s stock valued at $6,682,000 after acquiring an additional 93,021 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Buenaventura Mining by 2.0% in 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 worth $19,982,000 after purchasing an additional 25,440 shares during the period. LBP AM SA boosted its stake in shares of Buenaventura Mining by 33.9% in the 2nd quarter. LBP AM SA now owns 84,829 shares of the mining company’s stock valued at $1,393,000 after purchasing an additional 21,481 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Buenaventura Mining by 2.3% during the second quarter. Robeco Institutional Asset Management B.V. now owns 347,204 shares of the mining company’s stock worth $5,701,000 after buying an additional 7,711 shares during the last quarter. Finally, Aberdeen Group plc acquired a new position in Buenaventura Mining in the second quarter valued at $311,000.

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.