Buenaventura Mining (NYSE:BVN) Hits New 12-Month High – Here’s What Happened

Shares of Buenaventura Mining Company Inc. (NYSE:BVN) reached a new 52-week high during trading on Monday . The stock traded as high as $33.81 and last traded at $33.73, with a volume of 95411 shares trading hands. The stock had previously closed at $32.20.

Wall Street Analyst Weigh In

BVN has been the subject of several analyst reports. Zacks Research cut shares of Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Buenaventura Mining in a report on Monday, December 29th. 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, Scotiabank reduced 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 Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $27.00.

Buenaventura Mining Trading Down 0.3%

The firm’s fifty day simple moving average is $26.61 and its 200 day simple moving average is $22.40. The stock has a market capitalization of $8.70 billion, a P/E ratio of 20.18 and a beta of 0.35. 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 issued 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. The company 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%. As a group, equities research analysts forecast that Buenaventura Mining Company Inc. will post 1.13 EPS for the current fiscal year.

Buenaventura Mining Dividend Announcement

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

Institutional Trading of Buenaventura Mining

Institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio boosted its stake in 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 buying an additional 800 shares in the last quarter. Lester Murray Antman dba SimplyRich lifted its holdings in shares of Buenaventura Mining by 1.9% in the third quarter. Lester Murray Antman dba SimplyRich now owns 44,927 shares of the mining company’s stock worth $1,093,000 after acquiring an additional 822 shares during the last quarter. Blue Trust Inc. lifted its holdings 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 acquiring an additional 1,283 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its stake in shares of Buenaventura Mining by 14.9% in the 3rd 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 in the last quarter. Finally, Headlands Technologies LLC grew its holdings in shares of Buenaventura Mining by 60.9% during the 2nd 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 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.