Buenaventura Mining (NYSE:BVN) Upgraded at Zacks Research

Zacks Research upgraded shares of Buenaventura Mining (NYSE:BVN) from a hold rating to a strong-buy rating in a report released on Tuesday morning,Zacks.com reports.

Separately, Wall Street Zen lowered Buenaventura Mining from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $15.50.

Buenaventura Mining Price Performance

Shares of NYSE BVN opened at $20.03 on Tuesday. Buenaventura Mining has a fifty-two week low of $11.50 and a fifty-two week high of $20.87. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 10.17 and a beta of 0.28. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.31 and a current ratio of 2.54. The firm’s 50-day simple moving average is $18.42 and its 200 day simple moving average is $16.27.

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

Hedge Funds Weigh In On Buenaventura Mining

Several hedge funds have recently modified their holdings of the company. Liontrust Investment Partners LLP lifted its position in shares of Buenaventura Mining by 110.0% during the 2nd quarter. Liontrust Investment Partners LLP now owns 42,000 shares of the mining company’s stock worth $690,000 after buying an additional 22,000 shares in the last quarter. Headlands Technologies LLC lifted its position in shares of Buenaventura Mining by 60.9% during the 2nd quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock worth $62,000 after buying an additional 1,424 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Buenaventura Mining by 6.4% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 213,808 shares of the mining company’s stock worth $3,510,000 after buying an additional 12,800 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Buenaventura Mining by 11.8% during the 2nd quarter. Tidal Investments LLC now owns 2,858,519 shares of the mining company’s stock worth $46,937,000 after buying an additional 302,523 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Buenaventura Mining by 9.7% during the 2nd quarter. Bank of America Corp DE now owns 550,408 shares of the mining company’s stock worth $9,038,000 after buying an additional 48,802 shares in the last quarter.

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.