Buenaventura Mining (NYSE:BVN) Hits New 52-Week High – What’s Next?

Buenaventura Mining Company Inc. (NYSE:BVN) shares hit a new 52-week high on Tuesday . The stock traded as high as $36.57 and last traded at $36.5940, with a volume of 174468 shares changing hands. The stock had previously closed at $34.68.

Analysts Set New Price Targets

A number of analysts recently weighed in on BVN shares. Scotiabank decreased their target price on shares of Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Buenaventura Mining in a research note on Monday, December 29th. Zacks Research downgraded shares of Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 7th. Finally, Wall Street Zen raised Buenaventura Mining from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.00.

Buenaventura Mining Stock Down 1.5%

The company has a fifty day moving average of $28.15 and a 200 day moving average of $23.16. The company has a quick ratio of 2.05, a current ratio of 2.27 and a debt-to-equity ratio of 0.18. The company has a market cap of $9.39 billion, a P/E ratio of 21.78 and a beta of 0.35.

Buenaventura Mining (NYSE:BVN) last issued its quarterly earnings data on Friday, October 31st. The mining company reported $0.66 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $355.57 million. On average, research analysts anticipate that Buenaventura Mining Company Inc. will post 1.13 earnings per share for the current fiscal year.

Buenaventura Mining Announces Dividend

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

Institutional Investors Weigh In On Buenaventura Mining

Institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio lifted its stake 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 worth $210,000 after acquiring an additional 800 shares in the last quarter. Lester Murray Antman dba SimplyRich lifted its holdings in Buenaventura Mining by 1.9% during the 3rd quarter. Lester Murray Antman dba SimplyRich now owns 44,927 shares of the mining company’s stock worth $1,093,000 after buying an additional 822 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of 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 last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position 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 valued at $263,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Headlands Technologies LLC lifted its stake 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 purchasing an additional 1,424 shares during the last quarter.

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.