Wall Street Zen Upgrades Buenaventura Mining (NYSE:BVN) to “Buy”

Buenaventura Mining (NYSE:BVN) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday.

Several other analysts have also recently commented on BVN. Zacks Research upgraded shares of Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Scotiabank decreased their price objective on Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 19th. Finally, Weiss Ratings reissued 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 issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $27.00.

Buenaventura Mining Stock Performance

Shares of BVN stock opened at $43.48 on Friday. The company has a current ratio of 2.27, a quick ratio of 2.05 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $11.03 billion, a price-to-earnings ratio of 14.12 and a beta of 0.31. The stock’s fifty day simple moving average is $35.03 and its 200-day simple moving average is $27.08. Buenaventura Mining has a 1-year low of $12.45 and a 1-year high of $44.67.

Buenaventura Mining (NYSE:BVN) last announced its earnings results on Thursday, February 26th. The mining company reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $1.03. Buenaventura Mining had a net margin of 30.70% and a return on equity of 11.76%. The company had revenue of $623.40 million for the quarter, compared to analyst estimates of $451.60 million. On average, sell-side analysts predict that Buenaventura Mining will post 1.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its stake in shares of Buenaventura Mining by 3,096,894.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,884,290 shares of the mining company’s stock worth $163,760,000 after purchasing an additional 5,884,100 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Buenaventura Mining by 738.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,979,757 shares of the mining company’s stock valued at $82,927,000 after purchasing an additional 2,624,485 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Buenaventura Mining by 38.5% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,196,976 shares of the mining company’s stock worth $175,102,000 after buying an additional 1,999,475 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Buenaventura Mining by 244.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,742,829 shares of the mining company’s stock worth $48,503,000 after acquiring an additional 1,236,480 shares during the last quarter. Finally, FIL Ltd lifted its holdings in Buenaventura Mining by 8.8% during the 4th quarter. FIL Ltd now owns 13,473,909 shares of the mining company’s stock valued at $374,979,000 after purchasing an additional 1,085,443 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.