Buenaventura Mining (NYSE:BVN – Get Free Report) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday, Zacks reports.
Several other equities analysts have also recently issued reports on BVN. Weiss Ratings restated a “buy (b-)” rating on shares of Buenaventura Mining in a research report on Friday, July 31st. Scotiabank decreased their price objective on Buenaventura Mining from $44.00 to $40.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. Morgan Stanley lowered their target price on Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating on the stock in a research note on Wednesday, July 8th. Finally, Wall Street Zen lowered Buenaventura Mining from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $37.25.
Buenaventura Mining Trading Up 0.2%
Buenaventura Mining (NYSE:BVN – Get Free Report) last announced its earnings results on Thursday, July 30th. The mining company reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.05). Buenaventura Mining had a net margin of 50.88% and a return on equity of 26.53%. The business had revenue of $528.99 million during the quarter, compared to analysts’ expectations of $610.00 million. Analysts forecast that Buenaventura Mining will post 3.93 earnings per share for the current year.
Institutional Investors Weigh In On Buenaventura Mining
Hedge funds have recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new stake in Buenaventura Mining in the first quarter valued at $45,000. Rockefeller Capital Management L.P. grew its stake in Buenaventura Mining by 199.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,449 shares of the mining company’s stock valued at $96,000 after acquiring an additional 2,298 shares during the last quarter. Global Retirement Partners LLC increased its holdings in Buenaventura Mining by 3,503.4% during the 4th quarter. Global Retirement Partners LLC now owns 4,216 shares of the mining company’s stock valued at $117,000 after acquiring an additional 4,099 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Buenaventura Mining during the 1st quarter valued at about $212,000. Finally, Truist Financial Corp acquired a new position in Buenaventura Mining during the fourth quarter worth about $214,000.
Buenaventura Mining Company Profile
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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