Buenaventura Mining (NYSE:BVN) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Buenaventura Mining (NYSE:BVN) from a buy rating to a hold rating in a research note published on Sunday morning.

Several other research analysts also recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Buenaventura Mining in a report on Friday, July 31st. Scotiabank lowered their target price on 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. Finally, Morgan Stanley dropped 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. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.25.

Buenaventura Mining Trading Down 2.1%

BVN opened at $33.25 on Friday. Buenaventura Mining has a 1-year low of $18.03 and a 1-year high of $44.67. The stock has a market capitalization of $8.44 billion, a PE ratio of 7.52 and a beta of 0.43. The company has a current ratio of 2.01, a quick ratio of 1.88 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $31.56 and a two-hundred day moving average price of $34.23.

Buenaventura Mining (NYSE:BVN) last announced its earnings results on Thursday, July 30th. The mining company reported $0.94 earnings per share (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 analyst estimates of $610.00 million. Buenaventura Mining had a return on equity of 27.72% and a net margin of 50.88%. As a group, equities analysts anticipate that Buenaventura Mining will post 4.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Buenaventura Mining

Institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its stake in Buenaventura Mining by 27.8% in the first quarter. Goldman Sachs Group Inc. now owns 427,509 shares of the mining company’s stock valued at $6,682,000 after acquiring an additional 93,021 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Buenaventura Mining by 2.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,278,411 shares of the mining company’s stock worth $19,982,000 after purchasing an additional 25,440 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Buenaventura Mining during the second quarter worth $345,000. Invesco Ltd. grew its stake in shares of Buenaventura Mining by 2,318.6% during the second quarter. Invesco Ltd. now owns 633,036 shares of the mining company’s stock worth $10,394,000 after purchasing an additional 606,862 shares during the period. Finally, Sei Investments Co. increased its holdings in Buenaventura Mining by 691.4% in the second quarter. Sei Investments Co. now owns 228,246 shares of the mining company’s stock valued at $3,748,000 after purchasing an additional 199,405 shares during the last quarter.

Buenaventura Mining Company Profile

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.