Buenaventura Mining (NYSE:BVN) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Buenaventura Mining (NYSE:BVNFree Report) from a buy rating to a hold rating in a research report released on Sunday morning.

A number of other research analysts have also weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Buenaventura Mining in a report on Friday, July 31st. Morgan Stanley decreased their target price on Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. Finally, Scotiabank lowered their price target on shares of Buenaventura Mining from $44.00 to $40.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 14th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Buenaventura Mining currently has an average rating of “Moderate Buy” and an average price target of $37.25.

Read Our Latest Stock Report on Buenaventura Mining

Buenaventura Mining Trading Up 0.2%

BVN opened at $33.81 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.01 and a quick ratio of 1.88. Buenaventura Mining has a fifty-two week low of $18.01 and a fifty-two week high of $44.67. The firm has a market capitalization of $8.58 billion, a PE ratio of 7.65 and a beta of 0.43. The company’s 50-day moving average is $31.44 and its 200 day moving average is $34.30.

Buenaventura Mining (NYSE:BVNGet Free Report) last announced its quarterly earnings results on Thursday, July 30th. The mining company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.05). The business had revenue of $528.99 million during the quarter, compared to the consensus estimate of $610.00 million. Buenaventura Mining had a net margin of 50.88% and a return on equity of 27.72%. As a group, research analysts predict that Buenaventura Mining will post 4.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its stake in Buenaventura Mining by 3,096,894.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,884,290 shares of the mining company’s stock worth $163,760,000 after purchasing an additional 5,884,100 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Buenaventura Mining by 244.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,742,829 shares of the mining company’s stock valued at $48,503,000 after purchasing an additional 1,236,480 shares in the last quarter. Bank of Nova Scotia increased its holdings in shares of Buenaventura Mining by 83.0% in the first quarter. Bank of Nova Scotia now owns 2,520,383 shares of the mining company’s stock worth $90,835,000 after purchasing an additional 1,143,072 shares during the period. FIL Ltd increased its holdings in shares of Buenaventura Mining by 8.8% in the fourth quarter. FIL Ltd now owns 13,473,909 shares of the mining company’s stock worth $374,979,000 after purchasing an additional 1,085,443 shares during the period. Finally, Millennium Management LLC raised its position in shares of Buenaventura Mining by 672.9% in the fourth quarter. Millennium Management LLC now owns 980,530 shares of the mining company’s stock worth $27,288,000 after buying an additional 853,670 shares in the last quarter.

Buenaventura Mining Company Profile

(Get Free Report)

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.

Read More

Receive News & Ratings for Buenaventura Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Buenaventura Mining and related companies with MarketBeat.com's FREE daily email newsletter.