Buenaventura Mining (NYSE:BVN) Rating Lowered to Hold at Zacks Research

Buenaventura Mining (NYSE:BVN) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other research analysts have also recently issued reports on BVN. Scotiabank raised their target price on shares of Buenaventura Mining from $27.00 to $27.50 and gave the stock a “sector perform” rating in a report on Friday, November 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Buenaventura Mining in a report on Wednesday, October 8th. Finally, Wall Street Zen raised Buenaventura Mining from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Buenaventura Mining presently has an average rating of “Hold” and an average target price of $27.50.

Buenaventura Mining Trading Down 0.1%

Buenaventura Mining stock opened at $23.31 on Monday. The stock has a 50-day moving average price of $22.68 and a 200 day moving average price of $18.72. The company has a market capitalization of $5.91 billion, a price-to-earnings ratio of 11.83 and a beta of 0.26. Buenaventura Mining has a 52 week low of $11.50 and a 52 week 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.

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

Hedge Funds Weigh In On Buenaventura Mining

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lester Murray Antman dba SimplyRich raised its position in shares of Buenaventura Mining by 1.9% during the 3rd quarter. Lester Murray Antman dba SimplyRich now owns 44,927 shares of the mining company’s stock worth $1,093,000 after purchasing an additional 822 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Buenaventura Mining by 18.8% during the third quarter. Blue Trust Inc. now owns 8,111 shares of the mining company’s stock valued at $197,000 after acquiring an additional 1,283 shares during the last quarter. Headlands Technologies LLC boosted its stake in shares of Buenaventura Mining by 60.9% in the second quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock worth $62,000 after acquiring an additional 1,424 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Buenaventura Mining by 24.9% during the second quarter. PNC Financial Services Group Inc. now owns 8,210 shares of the mining company’s stock worth $135,000 after purchasing an additional 1,637 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Buenaventura Mining in the 2nd quarter valued at $28,000.

About Buenaventura Mining

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.