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 Thursday morning,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. Scotiabank dropped their price target on shares of Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 19th. Wall Street Zen upgraded Buenaventura Mining from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Buenaventura Mining in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $27.00.

Buenaventura Mining Price Performance

Shares of Buenaventura Mining stock opened at $36.95 on Thursday. The business’s fifty day moving average price is $31.31 and its 200 day moving average price is $24.84. The stock has a market capitalization of $9.37 billion, a P/E ratio of 21.74 and a beta of 0.31. Buenaventura Mining has a twelve month low of $12.27 and a twelve month high of $41.28. The company has a current ratio of 2.27, a quick ratio of 2.05 and a debt-to-equity ratio of 0.18.

Institutional Trading of Buenaventura Mining

A number of large investors have recently bought and sold shares of BVN. Caitong International Asset Management Co. Ltd bought a new stake in Buenaventura Mining during the second quarter worth about $28,000. Raymond James Financial Inc. bought a new stake in Buenaventura Mining during the 2nd quarter worth approximately $32,000. Headlands Technologies LLC grew its position in 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 acquiring an additional 1,424 shares during the last quarter. Assetmark Inc. increased its holdings in Buenaventura Mining by 463.4% during the 4th quarter. Assetmark Inc. now owns 3,983 shares of the mining company’s stock valued at $111,000 after purchasing an additional 3,276 shares in the last quarter. Finally, Global Retirement Partners LLC raised its position in Buenaventura Mining by 3,503.4% in the 4th quarter. Global Retirement Partners LLC now owns 4,216 shares of the mining company’s stock valued at $117,000 after purchasing an additional 4,099 shares during the last quarter.

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.