Buenaventura Mining (NYSE:BVN) Stock Rating Lowered by Wall Street Zen

Buenaventura Mining (NYSE:BVN) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

BVN has been the subject of a number of other research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Buenaventura Mining in a report on Monday, December 29th. Scotiabank reduced their price objective on shares of Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 19th. Finally, Zacks Research raised shares of Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $27.00.

Buenaventura Mining Price Performance

NYSE:BVN opened at $38.44 on Friday. The company has a quick ratio of 2.05, a current ratio of 2.27 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $9.75 billion, a PE ratio of 22.61 and a beta of 0.31. The stock’s 50-day moving average price is $33.80 and its 200-day moving average price is $26.25. Buenaventura Mining has a 52 week low of $12.27 and a 52 week high of $41.28.

Hedge Funds Weigh In On Buenaventura Mining

A number of large investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Buenaventura Mining during the 2nd quarter worth $28,000. Smartleaf Asset Management LLC boosted its holdings in Buenaventura Mining by 1,725.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,917 shares of the mining company’s stock worth $55,000 after buying an additional 1,812 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Buenaventura Mining during the second quarter worth about $32,000. Headlands Technologies LLC increased its holdings in Buenaventura Mining by 60.9% in the second quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock valued at $62,000 after buying an additional 1,424 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of 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 acquiring an additional 3,276 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.