Buenaventura Mining (NYSE:BVN) Issues Earnings Results, Beats Estimates By $1.03 EPS

Buenaventura Mining (NYSE:BVN) posted its earnings results on Thursday. The mining company reported $1.62 EPS for the quarter, beating the consensus estimate of $0.59 by $1.03, Zacks reports. The firm had revenue of $623.40 million for the quarter, compared to analysts’ expectations of $451.60 million. Buenaventura Mining had a return on equity of 11.76% and a net margin of 30.70%.

Buenaventura Mining Price Performance

Shares of NYSE:BVN traded up $2.35 during trading hours on Friday, hitting $43.48. 3,062,900 shares of the company’s stock traded hands, compared to its average volume of 1,496,801. The company’s fifty day simple moving average is $35.03 and its two-hundred day simple moving average is $27.02. The company has a market cap of $11.03 billion, a price-to-earnings ratio of 25.58 and a beta of 0.31. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.05 and a current ratio of 2.27. Buenaventura Mining has a 52 week low of $12.45 and a 52 week high of $44.67.

Institutional Trading of Buenaventura Mining

Institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its position in Buenaventura Mining by 27.8% in 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 Buenaventura Mining by 2.0% during 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 acquiring an additional 25,440 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Buenaventura Mining in the second quarter worth approximately $345,000. Invesco Ltd. grew its position in 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 acquiring an additional 606,862 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of Buenaventura Mining by 691.4% during the 2nd quarter. Sei Investments Co. now owns 228,246 shares of the mining company’s stock worth $3,748,000 after purchasing an additional 199,405 shares during the last quarter.

Analyst Upgrades and Downgrades

BVN has been the subject of several recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Buenaventura Mining in a research note on Monday, December 29th. Scotiabank decreased 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 research report on Wednesday, November 19th. Wall Street Zen cut shares of Buenaventura Mining from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Zacks Research upgraded shares of Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Buenaventura Mining has a consensus rating of “Buy” and an average price target of $27.00.

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.