Buenaventura Mining Company Inc. (NYSE:BVN) issued its quarterly earnings data on Thursday, July 27th. The mining company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.24, Briefing.com reports. The company had revenue of $256.73 million during the quarter, compared to analyst estimates of $327.50 million. Buenaventura Mining had a negative net margin of 33.54% and a negative return on equity of 11.01%. The business’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same period last year, the firm earned $0.22 EPS.
Buenaventura Mining (NYSE:BVN) traded up 1.00% during trading on Tuesday, reaching $12.09. The company had a trading volume of 877,019 shares. The firm has a 50-day moving average of $11.80 and a 200-day moving average of $12.36. Buenaventura Mining has a 1-year low of $9.87 and a 1-year high of $16.45. The stock’s market capitalization is $3.07 billion.
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A number of equities analysts recently weighed in on the company. Credit Suisse Group reaffirmed a “hold” rating on shares of Buenaventura Mining in a report on Friday, July 28th. BidaskClub raised Buenaventura Mining from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, ValuEngine cut Buenaventura Mining from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Buenaventura Mining presently has an average rating of “Hold” and an average target price of $15.05.
About Buenaventura Mining
Compania de Minas Buenaventura SAA. (Buenaventura) is a precious metals company. The Company is engaged in the exploration, mining and processing of gold, silver and other metals in Peru. The Company’s segments include Production and sale of minerals; Exploration and development activities; Construction and engineering services; Energy generation and transmission services; Insurance brokerage; Rental of mining concessions; Holding of investment in shares (mainly in Minera Yanacocha S.R.L.
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