Buenaventura Mining (NYSE:BVN) Cut to Buy at Wall Street Zen

Wall Street Zen cut shares of Buenaventura Mining (NYSE:BVN) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday morning.

Other research analysts also recently issued reports about the stock. Scotiabank lowered their price target on shares of Buenaventura Mining from $44.00 to $40.00 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Morgan Stanley cut their price objective on Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Buenaventura Mining in a report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.25.

Buenaventura Mining Trading Up 1.3%

BVN opened at $34.61 on Friday. The company has a market cap of $8.78 billion, a P/E ratio of 7.83 and a beta of 0.43. The company has a current ratio of 2.01, a quick ratio of 1.88 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average is $31.36 and its 200-day moving average is $34.40. Buenaventura Mining has a 1-year low of $17.65 and a 1-year high of $44.67.

Buenaventura Mining (NYSE:BVN) last released its quarterly earnings data on Thursday, July 30th. The mining company reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.05). The company had revenue of $528.99 million for the quarter, compared to analyst estimates of $610.00 million. Buenaventura Mining had a return on equity of 27.72% and a net margin of 50.88%. Equities research analysts predict that Buenaventura Mining will post 4.37 earnings per share for the current fiscal year.

Institutional Trading of Buenaventura Mining

A number of institutional investors and hedge funds have recently bought and sold shares of BVN. Goldman Sachs Group Inc. lifted its holdings in Buenaventura Mining by 27.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 427,509 shares of the mining company’s stock worth $6,682,000 after buying an additional 93,021 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Buenaventura Mining by 2.0% in the 1st 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 purchasing an additional 25,440 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Buenaventura Mining during the second quarter worth $345,000. Invesco Ltd. raised its stake in Buenaventura Mining by 2,318.6% during the second quarter. Invesco Ltd. now owns 633,036 shares of the mining company’s stock worth $10,394,000 after buying an additional 606,862 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in Buenaventura Mining by 691.4% in the second quarter. Sei Investments Co. now owns 228,246 shares of the mining company’s stock valued at $3,748,000 after buying an additional 199,405 shares during the period.

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.