Buenaventura Mining (NYSE:BVN) Lowered to Strong Sell Rating by Zacks Research

Buenaventura Mining (NYSE:BVN) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday, Zacks reports.

Other analysts have also recently issued reports about the company. Scotiabank dropped their price target on Buenaventura Mining from $44.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Morgan Stanley reduced their price objective on Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. Wall Street Zen cut Buenaventura Mining from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Buenaventura Mining in a report on Friday, July 31st. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Buenaventura Mining currently has a consensus rating of “Hold” and a consensus target price of $37.25.

Buenaventura Mining Stock Up 0.2%

Shares of Buenaventura Mining stock opened at $33.25 on Monday. Buenaventura Mining has a 1 year low of $19.55 and a 1 year high of $44.67. The firm has a market cap of $8.44 billion, a price-to-earnings ratio of 7.52 and a beta of 0.46. The company has a 50-day moving average of $32.85 and a 200 day moving average of $33.80. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.59 and a quick ratio of 2.43.

Buenaventura Mining (NYSE:BVN) last posted its quarterly earnings data on Thursday, July 30th. The mining company reported $0.94 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.05). The business had revenue of $528.99 million for the quarter, compared to the consensus estimate of $610.00 million. Buenaventura Mining had a return on equity of 26.53% and a net margin of 50.88%. As a group, sell-side analysts anticipate that Buenaventura Mining will post 3.93 earnings per share for the current fiscal year.

Institutional Trading of Buenaventura Mining

Institutional investors and hedge funds have recently modified their holdings of the business. Ninepoint Partners LP purchased a new position in shares of Buenaventura Mining in the second quarter worth $3,675,000. Diversified Trust Co purchased a new stake in shares of Buenaventura Mining during the first quarter valued at $2,035,000. Matthews International Capital Management LLC boosted its position in shares of Buenaventura Mining by 483.9% during the first quarter. Matthews International Capital Management LLC now owns 128,987 shares of the mining company’s stock valued at $4,649,000 after buying an additional 106,898 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Buenaventura Mining by 539.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 56,072 shares of the mining company’s stock worth $2,021,000 after buying an additional 47,300 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in Buenaventura Mining by 11.2% in the 1st quarter. Sei Investments Co. now owns 405,295 shares of the mining company’s stock worth $14,607,000 after buying an additional 40,783 shares in the last quarter.

Buenaventura Mining Company Profile

Buenaventura Mining Company, formally Compañía de Minas Buenaventura SAA., is a Peru-based precious and base metals mining company. Its activities include the exploration, development, construction, and operation of mining projects, with production primarily focused on gold, silver, lead, zinc, and copper.

Founded in 1953, Buenaventura has developed and operated mining assets throughout Peru. Its portfolio has included the Tambomayo, Orcopampa, Uchucchacua, and Yumpag operations, as well as interests in other Peruvian mining projects.