Buenaventura Mining (NYSE:BVN) Hits New 52-Week High – Still a Buy?

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

Analyst Ratings Changes

Several brokerages have recently issued reports on BVN. Wall Street Zen raised Buenaventura Mining from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Scotiabank cut their target price on shares of Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating for the company in a report on Wednesday, November 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Buenaventura Mining in a research note on Monday, December 29th. Finally, Zacks Research cut shares of Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 7th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Buenaventura Mining currently has a consensus rating of “Hold” and a consensus price target of $27.00.

Buenaventura Mining Stock Performance

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 market capitalization of $10.34 billion, a PE ratio of 23.86 and a beta of 0.35. The firm has a fifty day moving average price of $28.68 and a two-hundred day moving average price of $23.49.

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

Buenaventura Mining Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Tuesday, December 9th. Investors of record on Wednesday, November 19th were issued a dividend of $0.1446 per share. The ex-dividend date was Wednesday, November 19th. Buenaventura Mining’s dividend payout ratio (DPR) is presently 24.71%.

Institutional Trading of Buenaventura Mining

A number of large investors have recently modified their holdings of the company. Robeco Institutional Asset Management B.V. increased its holdings in Buenaventura Mining by 738.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,979,757 shares of the mining company’s stock worth $82,927,000 after purchasing an additional 2,624,485 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Buenaventura Mining by 38.5% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,196,976 shares of the mining company’s stock worth $175,102,000 after acquiring an additional 1,999,475 shares during the period. Sprott Inc. bought a new position in Buenaventura Mining during the 3rd quarter worth about $25,647,000. American Century Companies Inc. increased its position in Buenaventura Mining by 146.5% during the 3rd quarter. American Century Companies Inc. now owns 1,737,984 shares of the mining company’s stock valued at $42,285,000 after purchasing an additional 1,033,045 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Buenaventura Mining by 2,318.6% in the 2nd quarter. Invesco Ltd. now owns 633,036 shares of the mining company’s stock valued at $10,394,000 after purchasing an additional 606,862 shares in 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.