Buenaventura Mining (NYSE:BVN) Price Target Raised to $27.50 at Scotiabank

Buenaventura Mining (NYSE:BVN) had its target price increased by Scotiabank from $27.00 to $27.50 in a report released on Friday morning,Benzinga reports. Scotiabank currently has a sector perform rating on the mining company’s stock.

Several other research analysts have also recently weighed in on the stock. Zacks Research raised shares of Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 16th. Wall Street Zen upgraded shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Buenaventura Mining in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $27.50.

Buenaventura Mining Stock Performance

Buenaventura Mining stock traded up $0.70 during mid-day trading on Friday, hitting $22.40. The company had a trading volume of 592,018 shares, compared to its average volume of 1,109,570. The company has a market capitalization of $5.68 billion, a price-to-earnings ratio of 11.37 and a beta of 0.26. Buenaventura Mining has a 12-month low of $11.50 and a 12-month high of $26.97. The company’s fifty day moving average is $22.52 and its 200-day moving average is $18.55. The company has a current ratio of 2.54, a quick ratio of 2.31 and a debt-to-equity ratio of 0.23.

Buenaventura Mining (NYSE:BVN) last posted its earnings results on Thursday, October 30th. 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 9.47% and a net margin of 38.38%.The firm had revenue of $431.00 million for the quarter, compared to analysts’ expectations of $355.57 million. Equities research analysts predict that Buenaventura Mining will post 1.13 EPS for the current year.

Buenaventura Mining Announces Dividend

The business also recently announced a special dividend, which will be paid on Tuesday, December 9th. Investors of record on Wednesday, November 19th will be issued a $0.1446 dividend. The ex-dividend date is Wednesday, November 19th. Buenaventura Mining’s dividend payout ratio (DPR) is 16.47%.

Institutional Investors Weigh In On Buenaventura Mining

A number of institutional investors have recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ increased its holdings in Buenaventura Mining by 4.4% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 75,300 shares of the mining company’s stock worth $1,832,000 after purchasing an additional 3,200 shares during the period. Shell Asset Management Co. grew its position in shares of Buenaventura Mining by 45.3% during the third quarter. Shell Asset Management Co. now owns 14,508 shares of the mining company’s stock worth $353,000 after buying an additional 4,521 shares in the last quarter. Aberdeen Group plc increased its stake in shares of Buenaventura Mining by 24.2% during the third quarter. Aberdeen Group plc now owns 23,494 shares of the mining company’s stock worth $572,000 after buying an additional 4,582 shares during the period. Public Sector Pension Investment Board raised its holdings in Buenaventura Mining by 22.9% in the third quarter. Public Sector Pension Investment Board now owns 171,753 shares of the mining company’s stock valued at $4,179,000 after acquiring an additional 32,000 shares in the last quarter. Finally, Caprock Group LLC acquired a new stake in Buenaventura Mining in the third quarter valued at approximately $694,000.

Buenaventura Mining Company Profile

Compañía de Minas Buenaventura SAA. engages in the exploration, development, construction, and operation of mineral processing business. The company explores for gold, silver, lead, zinc, and copper metals. It operates operating mining units, including Tambomayo located in the Caylloma province, Orcopampa Unit located in the province of Castilla, Uchucchacua located in province of Oyón, Julcani located in province of Angaraes, Peru, as well as San Gabrie located in the province of General Sánchez Cerro, in the Moquegua region.