Buenaventura Mining (NYSE:BVN) Rating Lowered to “Hold” at Zacks Research

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

Several other equities analysts have also recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Buenaventura Mining in a research note on Wednesday, October 8th. Scotiabank raised their price objective on Buenaventura Mining from $27.00 to $27.50 and gave the company a “sector perform” rating in a research report on Friday, November 7th. Finally, Wall Street Zen upgraded Buenaventura Mining from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $27.50.

Buenaventura Mining Stock Up 1.2%

BVN opened at $23.62 on Monday. The stock has a market cap of $5.99 billion, a price-to-earnings ratio of 11.99 and a beta of 0.26. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.31 and a current ratio of 2.54. The firm’s fifty day moving average is $22.68 and its 200 day moving average is $18.72. Buenaventura Mining has a fifty-two week low of $11.50 and a fifty-two week high of $26.97.

Buenaventura Mining (NYSE:BVN) last released its quarterly earnings data on Thursday, October 30th. The mining company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.25. Buenaventura Mining had a return on equity of 9.47% and a net margin of 38.38%.The firm had revenue of $431.00 million during the quarter, compared to analyst estimates of $355.57 million. On average, sell-side analysts forecast that Buenaventura Mining will post 1.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Buenaventura Mining

Institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd bought a new stake in shares of Buenaventura Mining during the second quarter valued at approximately $28,000. Raymond James Financial Inc. purchased a new position in Buenaventura Mining during the 2nd quarter worth $32,000. Brooklyn Investment Group raised its position in Buenaventura Mining by 1,363.9% during the 1st quarter. Brooklyn Investment Group now owns 1,947 shares of the mining company’s stock valued at $30,000 after purchasing an additional 1,814 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Buenaventura Mining in the 1st quarter worth $36,000. Finally, Headlands Technologies LLC bought a new position in shares of Buenaventura Mining during the 1st quarter worth $37,000.

Buenaventura Mining Company Profile

Compañía de Minas Buenaventura SAA. engages in the exploration, development, construction, and operation of mineral processing business. The company explores for gold, silver, lead, zinc, and copper metals. It operates operating mining units, including Tambomayo located in the Caylloma province, Orcopampa Unit located in the province of Castilla, Uchucchacua located in province of Oyón, Julcani located in province of Angaraes, Peru, as well as San Gabrie located in the province of General Sánchez Cerro, in the Moquegua region.