Buenaventura Mining (NYSE:BVN) Reaches New 1-Year High – Time to Buy?

Buenaventura Mining Company Inc. (NYSE:BVN)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $39.90 and last traded at $39.79, with a volume of 171713 shares changing hands. The stock had previously closed at $37.10.

Analyst Ratings Changes

BVN has been the topic of several research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Buenaventura Mining in a research report on Monday, December 29th. Scotiabank decreased their price objective 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. Wall Street Zen raised shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Finally, Zacks Research cut Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 7th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $27.00.

Buenaventura Mining Stock Performance

The company has a market capitalization of $10.34 billion, a price-to-earnings ratio of 23.86 and a beta of 0.35. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.27 and a quick ratio of 2.05. The stock has a 50 day simple moving average of $28.68 and a two-hundred day simple moving average of $23.49.

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

Buenaventura Mining Announces Dividend

The business also recently disclosed 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 presently 24.71%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Personal CFO Solutions LLC boosted its holdings in Buenaventura Mining by 5.6% in the 4th quarter. Personal CFO Solutions LLC now owns 13,443 shares of the mining company’s stock valued at $374,000 after purchasing an additional 717 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Buenaventura Mining by 10.2% in the third quarter. Public Employees Retirement System of Ohio now owns 8,615 shares of the mining company’s stock valued at $210,000 after buying an additional 800 shares in the last quarter. Lester Murray Antman dba SimplyRich grew its holdings in Buenaventura Mining by 1.8% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 45,728 shares of the mining company’s stock worth $1,272,000 after acquiring an additional 801 shares during the period. Blue Trust Inc. raised its position in 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 acquiring an additional 1,283 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its holdings in Buenaventura Mining by 14.9% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 10,800 shares of the mining company’s stock valued at $263,000 after acquiring an additional 1,400 shares during the period.

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.