Buenaventura Mining (NYSE:BVN) Hits New 12-Month High – Still a Buy?

Shares of Buenaventura Mining Company Inc. (NYSE:BVN) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $28.89 and last traded at $27.7920, with a volume of 1514468 shares trading hands. The stock had previously closed at $28.16.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Zacks Research upgraded shares of Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Buenaventura Mining in a report on Monday, December 8th. Wall Street Zen upgraded Buenaventura Mining from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Finally, Scotiabank lowered their price target on Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Buenaventura Mining currently has a consensus rating of “Buy” and a consensus price target of $27.00.

Buenaventura Mining Stock Performance

The company has a market capitalization of $7.05 billion, a P/E ratio of 16.35 and a beta of 0.37. The stock’s fifty day moving average price is $24.15 and its 200-day moving average price is $20.44. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.05 and a current ratio of 2.27.

Buenaventura Mining (NYSE:BVN) last announced its quarterly earnings results on Friday, October 31st. The mining company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.25. Buenaventura Mining had a return on equity of 11.76% and a net margin of 30.70%.The firm had revenue of $431.04 million for the quarter, compared to the consensus estimate of $355.57 million. As a group, research analysts anticipate that Buenaventura Mining Company Inc. will post 1.13 EPS for the current fiscal year.

Buenaventura Mining Dividend Announcement

The firm also recently declared a special dividend, which was paid on Tuesday, December 9th. Investors of record on Wednesday, November 19th were paid a $0.1446 dividend. The ex-dividend date was Wednesday, November 19th. Buenaventura Mining’s dividend payout ratio is 24.12%.

Hedge Funds Weigh In On Buenaventura Mining

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BVN. Public Employees Retirement System of Ohio raised its position in shares of Buenaventura Mining by 10.2% in the third quarter. Public Employees Retirement System of Ohio now owns 8,615 shares of the mining company’s stock valued at $210,000 after purchasing an additional 800 shares during the period. Lester Murray Antman dba SimplyRich grew its stake in Buenaventura Mining by 1.9% in the 3rd quarter. Lester Murray Antman dba SimplyRich now owns 44,927 shares of the mining company’s stock valued at $1,093,000 after buying an additional 822 shares during the last quarter. Blue Trust Inc. raised its holdings in Buenaventura Mining by 18.8% in the 3rd quarter. Blue Trust Inc. now owns 8,111 shares of the mining company’s stock valued at $197,000 after acquiring an additional 1,283 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its position in Buenaventura Mining by 14.9% during the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 10,800 shares of the mining company’s stock worth $263,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Headlands Technologies LLC lifted its position in Buenaventura Mining by 60.9% during the second 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.

Buenaventura Mining Company Profile

Compañía de Minas Buenaventura SAA. engages in the exploration, development, construction, and operation of mineral processing business. The company explores for gold, silver, lead, zinc, and copper metals. It operates operating mining units, including Tambomayo located in the Caylloma province, Orcopampa Unit located in the province of Castilla, Uchucchacua located in province of Oyón, Julcani located in province of Angaraes, Peru, as well as San Gabrie located in the province of General Sánchez Cerro, in the Moquegua region.