Buenaventura Mining (NYSE:BVN) Rating Increased to Strong-Buy at Zacks Research

Buenaventura Mining (NYSE:BVN) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other research firms also recently issued reports on BVN. Scotiabank cut their price target on Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 19th. Weiss Ratings restated a “buy (b)” rating on shares of Buenaventura Mining in a research report on Monday, December 29th. Finally, Wall Street Zen raised shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. 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. According to MarketBeat, Buenaventura Mining presently has a consensus rating of “Buy” and a consensus price target of $27.00.

Buenaventura Mining Price Performance

NYSE BVN opened at $36.95 on Thursday. The stock has a market capitalization of $9.37 billion, a price-to-earnings ratio of 21.74 and a beta of 0.31. Buenaventura Mining has a 1-year low of $12.27 and a 1-year high of $41.28. 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 business’s fifty day moving average price is $31.31 and its 200-day moving average price is $24.79.

Hedge Funds Weigh In On Buenaventura Mining

A number of hedge funds have recently modified their holdings of BVN. Northwestern Mutual Wealth Management Co. raised its holdings in Buenaventura Mining by 3,096,894.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,884,290 shares of the mining company’s stock valued at $163,760,000 after acquiring an additional 5,884,100 shares during the period. Robeco Institutional Asset Management B.V. raised its stake 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 valued at $82,927,000 after purchasing an additional 2,624,485 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Buenaventura Mining by 38.5% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,196,976 shares of the mining company’s stock valued at $175,102,000 after purchasing an additional 1,999,475 shares during the period. Sprott Inc. purchased a new position in Buenaventura Mining in the 3rd quarter worth approximately $25,647,000. Finally, American Century Companies Inc. boosted its stake in Buenaventura Mining by 146.5% in the 3rd quarter. American Century Companies Inc. now owns 1,737,984 shares of the mining company’s stock worth $42,285,000 after purchasing an additional 1,033,045 shares during the period.

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.