Buenaventura Mining (NYSE:BVN) Shares Down 8.8% – What’s Next?

Shares of Buenaventura Mining Company Inc. (NYSE:BVN) fell 8.8% during trading on Thursday . The stock traded as low as $30.58 and last traded at $31.07. 757,904 shares traded hands during trading, a decline of 54% from the average session volume of 1,657,315 shares. The stock had previously closed at $34.06.

Analysts Set New Price Targets

BVN has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Buenaventura Mining in a research note on Monday, December 29th. Scotiabank upped their price objective on Buenaventura Mining from $42.00 to $44.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. Wall Street Zen upgraded Buenaventura Mining from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. Finally, Zacks Research raised Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Buenaventura Mining currently has a consensus rating of “Buy” and an average price target of $44.00.

Buenaventura Mining Price Performance

The stock has a market capitalization of $7.95 billion, a P/E ratio of 10.18 and a beta of 0.26. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.05 and a current ratio of 2.27. The firm has a fifty day moving average price of $37.23 and a two-hundred day moving average price of $28.81.

Buenaventura Mining (NYSE:BVN) last posted its quarterly earnings data on Thursday, February 26th. The mining company reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $1.03. The company had revenue of $623.40 million during the quarter, compared to analysts’ expectations of $451.60 million. Buenaventura Mining had a return on equity of 21.09% and a net margin of 45.17%. As a group, analysts expect that Buenaventura Mining Company Inc. will post 1.13 EPS for the current fiscal year.

Institutional Trading of Buenaventura Mining

Several hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its position in shares of Buenaventura Mining by 27.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 427,509 shares of the mining company’s stock valued at $6,682,000 after buying an additional 93,021 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in 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 acquiring an additional 25,440 shares in the last quarter. Savant Capital LLC bought a new stake in Buenaventura Mining during the 2nd quarter worth approximately $166,000. PNC Financial Services Group Inc. lifted its holdings 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 purchasing an additional 1,637 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its holdings in Buenaventura Mining by 69.4% during the second quarter. Artisan Partners Limited Partnership now owns 1,217,376 shares of the mining company’s stock valued at $19,989,000 after purchasing an additional 498,585 shares in the last quarter.

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.