Zacks Research Downgrades Buenaventura Mining (NYSE:BVN) to Hold

Buenaventura Mining (NYSE:BVN) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

BVN has been the subject of a number of other research reports. Scotiabank increased their target price on Buenaventura Mining from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Buenaventura Mining in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 28th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Buenaventura Mining has a consensus rating of “Hold” and an average price target of $44.00.

Buenaventura Mining Stock Performance

Shares of BVN opened at $37.14 on Tuesday. The firm has a market cap of $9.42 billion, a P/E ratio of 12.06 and a beta of 0.40. Buenaventura Mining has a twelve month low of $12.56 and a twelve month high of $44.67. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.88 and a current ratio of 2.01. The firm’s 50 day moving average price is $36.97 and its two-hundred day moving average price is $29.75.

Buenaventura Mining (NYSE:BVN) last issued its quarterly earnings data on Friday, February 27th. The mining company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $1.03. The business had revenue of $623.40 million for the quarter, compared to analyst estimates of $451.60 million. Buenaventura Mining had a net margin of 45.17% and a return on equity of 20.39%. On average, analysts forecast that Buenaventura Mining will post 1.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Buenaventura Mining

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC boosted its stake in shares of Buenaventura Mining by 1,725.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,917 shares of the mining company’s stock worth $55,000 after buying an additional 1,812 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Buenaventura Mining during the second quarter worth about $32,000. Rockefeller Capital Management L.P. raised its holdings in Buenaventura Mining by 199.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,449 shares of the mining company’s stock worth $96,000 after acquiring an additional 2,298 shares in the last quarter. Headlands Technologies LLC boosted its position in Buenaventura Mining by 60.9% during the second quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock valued at $62,000 after purchasing an additional 1,424 shares during the last quarter. Finally, Assetmark Inc. boosted its position in Buenaventura Mining by 463.4% during the fourth quarter. Assetmark Inc. now owns 3,983 shares of the mining company’s stock valued at $111,000 after purchasing an additional 3,276 shares during the last quarter.

Buenaventura Mining Company Profile

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.