Buenaventura Mining (NYSE:BVN) Reaches New 1-Year High – What’s Next?

Buenaventura Mining Company Inc. (NYSE:BVN)’s stock price reached a new 52-week high on Monday . The stock traded as high as $30.17 and last traded at $29.8420, with a volume of 397728 shares trading hands. The stock had previously closed at $28.59.

Analyst Ratings Changes

BVN has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Buenaventura Mining in a research report on Monday, December 29th. Zacks Research raised Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Finally, Scotiabank dropped their target price on Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating for the company in a report on Wednesday, November 19th. One research 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $27.00.

Buenaventura Mining Trading Up 3.9%

The company has a market capitalization of $7.54 billion, a price-to-earnings ratio of 17.52 and a beta of 0.35. 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 business’s 50 day moving average price is $25.25 and its two-hundred day moving average price is $21.64.

Buenaventura Mining (NYSE:BVN) last issued its quarterly earnings data on Friday, October 31st. The mining company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.41 by $0.25. The business had revenue of $431.04 million during the quarter, compared to the consensus estimate of $355.57 million. Buenaventura Mining had a net margin of 30.70% and a return on equity of 11.76%. On average, equities analysts predict that Buenaventura Mining Company Inc. will post 1.13 earnings per share for the current fiscal year.

Buenaventura Mining Dividend Announcement

The company also recently announced a special dividend, which was paid on Tuesday, December 9th. Shareholders of record on Wednesday, November 19th were given a $0.1446 dividend. The ex-dividend date was Wednesday, November 19th. Buenaventura Mining’s dividend payout ratio (DPR) is currently 24.71%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BVN. Public Employees Retirement System of Ohio boosted its position in Buenaventura Mining by 10.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 8,615 shares of the mining company’s stock worth $210,000 after buying an additional 800 shares during the period. Lester Murray Antman dba SimplyRich lifted its holdings in shares of Buenaventura Mining by 1.9% during the third quarter. Lester Murray Antman dba SimplyRich now owns 44,927 shares of the mining company’s stock worth $1,093,000 after purchasing an additional 822 shares during the period. Blue Trust Inc. grew its stake in shares of Buenaventura Mining by 18.8% in the third 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 during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in Buenaventura Mining by 14.9% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 10,800 shares of the mining company’s stock valued at $263,000 after purchasing an additional 1,400 shares during the period. Finally, Headlands Technologies LLC raised its position in Buenaventura Mining by 60.9% during the 2nd quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock worth $62,000 after purchasing an additional 1,424 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.