Buenaventura Mining (NYSE:BVN) Releases Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Buenaventura Mining (NYSE:BVN) announced its quarterly earnings data on Thursday. The mining company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.10, FiscalAI reports. Buenaventura Mining had a return on equity of 26.53% and a net margin of 50.88%. The business had revenue of $545.33 million during the quarter, compared to analyst estimates of $439.69 million.

Buenaventura Mining Trading Down 4.3%

Shares of Buenaventura Mining stock traded down $1.20 during trading on Friday, hitting $26.39. The company’s stock had a trading volume of 1,732,902 shares, compared to its average volume of 1,319,006. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of 5.97 and a beta of 0.43. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.59 and a quick ratio of 2.43. Buenaventura Mining has a 52 week low of $21.04 and a 52 week high of $44.67. The stock has a 50-day moving average price of $32.52 and a two-hundred day moving average price of $33.94.

Wall Street Analyst Weigh In

BVN has been the subject of a number of recent research reports. Scotiabank cut their price target 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. Zacks Research upgraded shares of Buenaventura Mining from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Buenaventura Mining in a report on Thursday. Morgan Stanley reduced their price objective 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. Finally, Wall Street Zen raised shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Buenaventura Mining presently has a consensus rating of “Moderate Buy” and an average price target of $37.25.

Buenaventura Mining Company Profile

Compañía de Minas Buenaventura SAA., known as Buenaventura Mining, is a Peru-based mining company engaged in the exploration, development, construction, and operation of mineral projects. Its portfolio includes precious and base metals, with primary exposure to gold, silver, copper, lead, and zinc.

Founded in 1953, Buenaventura operates primarily in Peru. Its activities have included the Uchucchacua, Tambomayo, La Zanja, Coimolache, and El Brocal mining operations, as well as exploration and development projects across the country.