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 report released on Tuesday morning,Zacks.com reports.

A number of other research firms have also recently weighed in on BVN. Wall Street Zen upgraded shares of Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 28th. Scotiabank raised their price target 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. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Buenaventura Mining in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $44.00.

Buenaventura Mining Trading Down 1.8%

Shares of Buenaventura Mining stock opened at $36.50 on Tuesday. The firm has a market cap of $9.26 billion, a PE ratio of 11.85 and a beta of 0.40. Buenaventura Mining has a 1 year low of $12.56 and a 1 year high of $44.67. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.01 and a quick ratio of 1.88. The stock has a fifty day moving average price of $36.97 and a 200-day moving average price of $29.79.

Buenaventura Mining (NYSE:BVN) last issued its quarterly earnings results on Friday, February 27th. The mining company reported $1.62 earnings per share 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 the consensus estimate of $451.60 million. Buenaventura Mining had a net margin of 45.17% and a return on equity of 20.39%. Equities research analysts anticipate that Buenaventura Mining will post 1.13 EPS for the current year.

Institutional Investors Weigh In On Buenaventura Mining

Several institutional investors have recently added to or reduced their stakes in BVN. Northwestern Mutual Wealth Management Co. boosted its position in Buenaventura Mining by 3,096,894.7% during the fourth 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 period. Robeco Institutional Asset Management B.V. raised its position in shares of Buenaventura Mining by 738.7% in the fourth 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Buenaventura Mining by 38.5% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,196,976 shares of the mining company’s stock valued at $175,102,000 after purchasing an additional 1,999,475 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake 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 valued at $48,503,000 after buying an additional 1,236,480 shares in the last quarter. Finally, FIL Ltd boosted its holdings in Buenaventura Mining by 8.8% in the 4th quarter. FIL Ltd now owns 13,473,909 shares of the mining company’s stock worth $374,979,000 after buying an additional 1,085,443 shares during the period.

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.