Buenaventura Mining (NYSE:BVN) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Buenaventura Mining Company Inc. (NYSE:BVN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $34.01 and traded as high as $35.05. Buenaventura Mining shares last traded at $32.49, with a volume of 5,272,876 shares traded.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Wall Street Zen upgraded Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 28th. Scotiabank increased their price target on shares of Buenaventura Mining from $42.00 to $44.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. Weiss Ratings cut shares of Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Finally, Zacks Research downgraded shares of Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $44.00.

Buenaventura Mining Stock Down 0.3%

The firm has a market capitalization of $8.24 billion, a price-to-earnings ratio of 8.44 and a beta of 0.36. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.01 and a quick ratio of 1.88. The business has a fifty day moving average price of $34.16 and a two-hundred day moving average price of $34.01.

Buenaventura Mining (NYSE:BVN) last released its quarterly earnings data on Thursday, April 30th. The mining company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.09 by $0.23. Buenaventura Mining had a net margin of 47.72% and a return on equity of 24.89%. The business had revenue of $624.56 million for the quarter, compared to the consensus estimate of $666.00 million. On average, equities analysts expect that Buenaventura Mining Company Inc. will post 4.31 earnings per share for the current year.

Buenaventura Mining Announces Dividend

The firm also recently announced a special dividend, which was paid on Tuesday, May 12th. Stockholders of record on Tuesday, April 21st were paid a dividend of $0.9904 per share. The ex-dividend date of this dividend was Tuesday, April 21st. Buenaventura Mining’s dividend payout ratio is presently 28.31%.

Institutional Investors Weigh In On Buenaventura Mining

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its stake in Buenaventura Mining by 27.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 427,509 shares of the mining company’s stock worth $6,682,000 after purchasing an additional 93,021 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Buenaventura Mining by 2.0% in the first 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 valued at $19,982,000 after buying an additional 25,440 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Buenaventura Mining in the second quarter worth about $345,000. Invesco Ltd. lifted its stake in shares of Buenaventura Mining by 2,318.6% in the second quarter. Invesco Ltd. now owns 633,036 shares of the mining company’s stock worth $10,394,000 after buying an additional 606,862 shares in the last quarter. Finally, Sei Investments Co. boosted its position in Buenaventura Mining by 691.4% during the second quarter. Sei Investments Co. now owns 228,246 shares of the mining company’s stock worth $3,748,000 after acquiring an additional 199,405 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.