Wall Street Zen Upgrades Buenaventura Mining (NYSE:BVN) to Strong-Buy

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

BVN has been the subject of a number of other reports. Zacks Research raised Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. Weiss Ratings restated a “buy (b)” rating on shares of Buenaventura Mining in a research report on Monday, December 29th. Finally, Scotiabank boosted their target price on shares of Buenaventura Mining from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Buenaventura Mining currently has an average rating of “Buy” and an average target price of $44.00.

Buenaventura Mining Trading Up 2.9%

BVN stock opened at $33.40 on Friday. The business has a fifty day moving average price of $37.01 and a 200 day moving average price of $29.35. Buenaventura Mining has a fifty-two week low of $12.56 and a fifty-two week high of $44.67. The stock has a market capitalization of $8.47 billion, a price-to-earnings ratio of 10.84 and a beta of 0.26. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.01 and a quick ratio of 2.05.

Buenaventura Mining (NYSE:BVN) last posted its quarterly earnings data on Friday, February 27th. The mining company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $1.03. The company had revenue of $623.40 million for the quarter, compared to analyst estimates of $451.60 million. Buenaventura Mining had a return on equity of 20.39% and a net margin of 45.17%. Analysts expect that Buenaventura Mining will post 1.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Buenaventura Mining

Large investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. boosted its holdings in Buenaventura Mining by 199.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,449 shares of the mining company’s stock valued at $96,000 after acquiring an additional 2,298 shares during the last quarter. Corient Private Wealth LLC raised its holdings in Buenaventura Mining by 2.7% during the 4th quarter. Corient Private Wealth LLC now owns 17,857 shares of the mining company’s stock worth $497,000 after purchasing an additional 470 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Buenaventura Mining during the 4th quarter valued at about $1,401,000. Vident Advisory LLC lifted its position in Buenaventura Mining by 10.3% during the 4th quarter. Vident Advisory LLC now owns 85,350 shares of the mining company’s stock valued at $2,375,000 after purchasing an additional 7,985 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of Buenaventura Mining in the 4th quarter valued at about $1,847,000.

Buenaventura Mining Company Profile

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.