Buenaventura Mining (NYSE:BVN) Reaches New 1-Year High – Time to Buy?

Buenaventura Mining Company Inc. (NYSE:BVN) reached a new 52-week high during trading on Monday . The stock traded as high as $29.88 and last traded at $29.1440, with a volume of 377975 shares traded. The stock had previously closed at $28.35.

Analyst Ratings Changes

Several research firms recently issued reports on BVN. Zacks Research raised shares of Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Scotiabank dropped their price target on shares of Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 19th. Wall Street Zen upgraded shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Buenaventura Mining in a research note on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $27.00.

Buenaventura Mining Stock Performance

The company has a market capitalization of $7.34 billion, a P/E ratio of 17.02 and a beta of 0.37. The business has a 50 day moving average of $24.40 and a 200 day moving average of $20.78. The company has a quick ratio of 2.05, a current ratio of 2.27 and a debt-to-equity ratio of 0.18.

Buenaventura Mining (NYSE:BVN) last posted its 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 net margin of 30.70% and a return on equity of 11.76%. The firm had revenue of $431.04 million for the quarter, compared to the consensus estimate of $355.57 million. On average, sell-side analysts predict that Buenaventura Mining Company Inc. will post 1.13 earnings per share for the current year.

Buenaventura Mining Announces Dividend

The business also recently disclosed a special dividend, which was paid on Tuesday, December 9th. Investors of record on Wednesday, November 19th were issued a dividend of $0.1446 per share. The ex-dividend date was Wednesday, November 19th. Buenaventura Mining’s dividend payout ratio (DPR) is presently 24.12%.

Hedge Funds Weigh In On Buenaventura Mining

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its holdings in Buenaventura Mining by 10.2% in the 3rd 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 in the last quarter. Lester Murray Antman dba SimplyRich raised its holdings 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 acquiring an additional 822 shares during the last quarter. Blue Trust Inc. lifted its stake in Buenaventura Mining by 18.8% in the 3rd quarter. Blue Trust Inc. now owns 8,111 shares of the mining company’s stock worth $197,000 after purchasing an additional 1,283 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its holdings in shares of Buenaventura Mining by 14.9% during the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 10,800 shares of the mining company’s stock worth $263,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Headlands Technologies LLC grew its position in shares of 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 purchasing an additional 1,424 shares in 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.