Buenaventura Mining (NYSE:BVN) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Buenaventura Mining Company Inc. (NYSE:BVN)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $34.01 and traded as high as $35.05. Buenaventura Mining shares last traded at $32.49, with a volume of 5,272,876 shares changing hands.

Wall Street Analyst Weigh In

BVN has been the topic of a number of recent analyst 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 research note on Monday, March 2nd. Zacks Research cut shares of Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Wall Street Zen upgraded shares of Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 28th. Finally, Weiss Ratings lowered shares of Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $44.00.

Buenaventura Mining Stock Performance

The company has a quick ratio of 1.88, a current ratio of 2.01 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average price of $34.16 and a 200 day moving average price of $34.01. The stock has a market cap of $8.24 billion, a PE ratio of 8.44 and a beta of 0.36.

Buenaventura Mining (NYSE:BVN) last released its quarterly earnings data on Thursday, April 30th. The mining company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.23. The company had revenue of $624.56 million during the quarter, compared to analyst estimates of $666.00 million. Buenaventura Mining had a net margin of 47.72% and a return on equity of 24.89%. As a group, research analysts forecast that Buenaventura Mining Company Inc. will post 4.31 earnings per share for the current year.

Buenaventura Mining Announces Dividend

The firm also recently declared a special dividend, which was paid on Tuesday, May 12th. Stockholders of record on Tuesday, April 21st were given a $0.9904 dividend. The ex-dividend date of this dividend was Tuesday, April 21st. Buenaventura Mining’s dividend payout ratio is presently 28.31%.

Hedge Funds Weigh In On Buenaventura Mining

Institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in Buenaventura Mining in the second quarter worth approximately $32,000. Banque Cantonale Vaudoise bought a new stake in Buenaventura Mining during the 1st quarter valued at $45,000. Smartleaf Asset Management LLC increased its holdings in shares of Buenaventura Mining by 1,725.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,917 shares of the mining company’s stock valued at $55,000 after acquiring an additional 1,812 shares during the period. Headlands Technologies LLC increased its holdings in shares of Buenaventura Mining by 60.9% in the 2nd quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock valued at $62,000 after acquiring an additional 1,424 shares during the period. Finally, Rockefeller Capital Management L.P. raised its position in shares of Buenaventura Mining by 199.7% in the 4th 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.

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.