Buenaventura Mining (NYSE:BVN) Price Target Cut to $27.00 by Analysts at Scotiabank

Buenaventura Mining (NYSE:BVN) had its price target dropped by research analysts at Scotiabank from $27.50 to $27.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “sector perform” rating on the mining company’s stock. Scotiabank’s target price indicates a potential upside of 13.54% from the stock’s current price.

A number of other brokerages have also weighed in on BVN. Wall Street Zen upgraded shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Zacks Research downgraded shares of Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Buenaventura Mining in a research report on Thursday, November 13th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Buenaventura Mining currently has a consensus rating of “Hold” and an average target price of $27.00.

Buenaventura Mining Trading Up 3.0%

Shares of BVN stock opened at $23.78 on Wednesday. The business has a 50-day moving average price of $23.03 and a two-hundred day moving average price of $19.05. Buenaventura Mining has a 12-month low of $11.50 and a 12-month high of $26.97. The company has a quick ratio of 2.31, a current ratio of 2.54 and a debt-to-equity ratio of 0.23. The firm has a market cap of $6.03 billion, a P/E ratio of 12.08 and a beta of 0.26.

Buenaventura Mining (NYSE:BVN) last announced its quarterly earnings data on Thursday, October 30th. The mining company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.25. The company had revenue of $431.00 million for the quarter, compared to analysts’ expectations of $355.57 million. Buenaventura Mining had a return on equity of 9.47% and a net margin of 38.38%. Equities analysts anticipate that Buenaventura Mining will post 1.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Buenaventura Mining

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in Buenaventura Mining by 19.0% in the first quarter. Bank of New York Mellon Corp now owns 234,684 shares of the mining company’s stock valued at $3,668,000 after acquiring an additional 37,482 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Buenaventura Mining by 14.0% in the 1st quarter. Acadian Asset Management LLC now owns 1,398,194 shares of the mining company’s stock worth $21,849,000 after purchasing an additional 171,815 shares during the period. Fox Run Management L.L.C. boosted its stake in shares of Buenaventura Mining by 174.7% during the 2nd quarter. Fox Run Management L.L.C. now owns 57,223 shares of the mining company’s stock valued at $940,000 after purchasing an additional 36,395 shares in the last quarter. Northern Trust Corp increased its position in shares of Buenaventura Mining by 32.9% during the first quarter. Northern Trust Corp now owns 1,642,557 shares of the mining company’s stock valued at $25,673,000 after buying an additional 406,641 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Buenaventura Mining by 12.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,502,101 shares of the mining company’s stock worth $85,998,000 after buying an additional 591,482 shares in the last quarter.

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.