Buenaventura Mining (NYSE:BVN) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of Buenaventura Mining (NYSE:BVN) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on BVN. Weiss Ratings reissued a “buy (b)” rating on shares of Buenaventura Mining in a report on Monday, December 29th. Scotiabank decreased their price objective on shares of Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 19th. Finally, Wall Street Zen upgraded shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $27.00.

Buenaventura Mining Price Performance

NYSE BVN opened at $32.19 on Wednesday. The firm’s fifty day simple moving average is $26.10 and its two-hundred day simple moving average is $22.06. The firm has a market capitalization of $8.17 billion, a P/E ratio of 18.93 and a beta of 0.35. The company has a current ratio of 2.27, a quick ratio of 2.05 and a debt-to-equity ratio of 0.18. Buenaventura Mining has a 12-month low of $12.20 and a 12-month high of $32.22.

Buenaventura Mining (NYSE:BVN) last issued its quarterly earnings data on Friday, October 31st. The mining company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.41 by $0.25. Buenaventura Mining had a return on equity of 11.76% and a net margin of 30.70%.The firm had revenue of $431.04 million during the quarter, compared to analyst estimates of $355.57 million. Analysts forecast that Buenaventura Mining will post 1.13 EPS for the current fiscal year.

Buenaventura Mining Dividend Announcement

The company also recently announced a special dividend, which was paid on Tuesday, December 9th. Investors of record on Wednesday, November 19th were issued a dividend of $0.1446 per share. The ex-dividend date of this dividend was Wednesday, November 19th. Buenaventura Mining’s payout ratio is 24.71%.

Institutional Trading of Buenaventura Mining

Institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its stake in shares of Buenaventura Mining by 27.8% in the first quarter. Goldman Sachs Group Inc. now owns 427,509 shares of the mining company’s stock worth $6,682,000 after acquiring an additional 93,021 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Buenaventura Mining by 2.0% during 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 period. Acadian Asset Management LLC raised its stake in shares of Buenaventura Mining by 14.0% during the 1st quarter. Acadian Asset Management LLC now owns 1,398,194 shares of the mining company’s stock valued at $21,849,000 after buying an additional 171,815 shares during the last quarter. Strs Ohio purchased a new position in shares of Buenaventura Mining during the 1st quarter valued at about $1,835,000. Finally, LBP AM SA lifted its holdings in shares of Buenaventura Mining by 33.9% in the 2nd quarter. LBP AM SA now owns 84,829 shares of the mining company’s stock valued at $1,393,000 after buying an additional 21,481 shares during the period.

About Buenaventura Mining

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.