Buenaventura Mining (NYSE:BVN) Price Target Raised to $27.00

Buenaventura Mining (NYSE:BVN) had its price objective raised by Scotiabank from $19.50 to $27.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a sector perform rating on the mining company’s stock.

Other analysts also recently issued research reports about the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Buenaventura Mining in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Buenaventura Mining from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Finally, Zacks Research raised shares of Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $27.00.

Buenaventura Mining Trading Down 1.9%

Shares of BVN stock opened at $22.48 on Thursday. The firm has a market cap of $5.70 billion, a P/E ratio of 11.41 and a beta of 0.27. Buenaventura Mining has a 1-year low of $11.50 and a 1-year high of $26.97. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.54 and a quick ratio of 2.31. The firm’s 50-day simple moving average is $21.84 and its 200-day simple moving average is $18.02.

Buenaventura Mining (NYSE:BVN) last announced its quarterly earnings data on Thursday, July 24th. The mining company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.10. Buenaventura Mining had a net margin of 38.38% and a return on equity of 9.47%. The business had revenue of $369.50 million for the quarter, compared to analyst estimates of $338.29 million. As a group, equities analysts forecast that Buenaventura Mining will post 1.13 EPS for the current year.

Institutional Investors Weigh In On Buenaventura Mining

Hedge funds and other 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 about $28,000. Raymond James Financial Inc. bought a new stake in shares of Buenaventura Mining during the second quarter valued at about $32,000. Brooklyn Investment Group raised its stake in shares of Buenaventura Mining by 1,363.9% during the first 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. bought a new stake in shares of Buenaventura Mining during the first quarter valued at about $36,000. Finally, Headlands Technologies LLC bought a new stake in shares of Buenaventura Mining during the first quarter valued at about $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.