Buenaventura Mining (NYSE:BVN) Releases Earnings Results

Buenaventura Mining (NYSE:BVN) released its earnings results on Thursday. The mining company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.20, reports. The company had revenue of $545.33 million for the quarter, compared to analysts’ expectations of $439.69 million. Buenaventura Mining had a net margin of 50.88% and a return on equity of 26.53%.

Buenaventura Mining Stock Down 4.3%

NYSE:BVN traded down $1.20 during trading hours on Friday, reaching $26.39. The company’s stock had a trading volume of 1,732,933 shares, compared to its average volume of 757,651. The company has a market capitalization of $6.70 billion, a P/E ratio of 5.97 and a beta of 0.43. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.43 and a current ratio of 2.59. The stock has a 50 day moving average price of $32.36 and a two-hundred day moving average price of $33.90. Buenaventura Mining has a 12 month low of $21.04 and a 12 month high of $44.67.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Morgan Stanley decreased their price target on Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Buenaventura Mining in a research report on Thursday. Scotiabank lowered their target price on shares of Buenaventura Mining from $44.00 to $40.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 14th. Wall Street Zen upgraded Buenaventura Mining from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. Finally, Zacks Research upgraded shares of Buenaventura Mining from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 13th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.25.

About Buenaventura Mining

Compañía de Minas Buenaventura SAA., known as Buenaventura Mining, is a Peru-based mining company engaged in the exploration, development, construction, and operation of mineral projects. Its portfolio includes precious and base metals, with primary exposure to gold, silver, copper, lead, and zinc.

Founded in 1953, Buenaventura operates primarily in Peru. Its activities have included the Uchucchacua, Tambomayo, La Zanja, Coimolache, and El Brocal mining operations, as well as exploration and development projects across the country.