Zacks Research downgraded shares of Buenaventura Mining (NYSE:BVN – Free Report) from a hold rating to a strong sell rating in a research note released on Monday,Zacks reports.
A number of other equities research analysts also recently commented on the stock. Morgan Stanley lowered their price target on shares of Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating for the company in a report on Wednesday, July 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Buenaventura Mining in a research note on Friday, July 31st. Wall Street Zen lowered shares of Buenaventura Mining from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Finally, Scotiabank lowered their target price on shares of Buenaventura Mining from $44.00 to $40.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $37.25.
View Our Latest Stock Analysis on BVN
Buenaventura Mining Stock Up 0.2%
Buenaventura Mining (NYSE:BVN – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The mining company reported $0.94 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 analysts’ expectations of $610.00 million. Buenaventura Mining had a return on equity of 26.53% and a net margin of 50.88%. As a group, equities research analysts forecast that Buenaventura Mining will post 3.93 earnings per share for the current fiscal year.
Institutional Trading of Buenaventura Mining
Several institutional investors have recently made changes to their positions in BVN. ABS Direct Equity Fund LLC increased its holdings in shares of Buenaventura Mining by 309.2% during the 2nd quarter. ABS Direct Equity Fund LLC now owns 53,200 shares of the mining company’s stock worth $1,558,000 after buying an additional 40,200 shares during the last quarter. National Pension Service boosted its holdings in Buenaventura Mining by 1.3% in the second quarter. National Pension Service now owns 45,616 shares of the mining company’s stock valued at $1,336,000 after acquiring an additional 589 shares during the last quarter. Squarepoint Ops LLC acquired a new position in Buenaventura Mining in the second quarter valued at $1,652,000. Nykredit A S purchased a new stake in Buenaventura Mining during the second quarter valued at about $2,560,000. Finally, Corient Private Wealth LP grew its position in Buenaventura Mining by 14.9% during the second quarter. Corient Private Wealth LP now owns 19,452 shares of the mining company’s stock valued at $570,000 after acquiring an additional 2,516 shares during the period.
About Buenaventura Mining
Buenaventura Mining Company, formally Compañía de Minas Buenaventura SAA., is a Peru-based precious and base metals mining company. Its activities include the exploration, development, construction, and operation of mining projects, with production primarily focused on gold, silver, lead, zinc, and copper.
Founded in 1953, Buenaventura has developed and operated mining assets throughout Peru. Its portfolio has included the Tambomayo, Orcopampa, Uchucchacua, and Yumpag operations, as well as interests in other Peruvian mining projects.
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