Buenaventura Mining (NYSE:BVN) Shares Up 9.1% – Time to Buy?

Buenaventura Mining Company Inc. (NYSE:BVN) shot up 9.1% on Tuesday . The stock traded as high as $33.35 and last traded at $32.9750. 276,982 shares were traded during trading, a decline of 82% from the average session volume of 1,534,392 shares. The stock had previously closed at $30.23.

Analyst Ratings Changes

Several research firms have weighed in on BVN. Weiss Ratings lowered Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Zacks Research lowered Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Wall Street Zen raised Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 28th. Finally, Scotiabank lifted their price target on Buenaventura Mining from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $44.00.

Buenaventura Mining Stock Up 2.2%

The company has a debt-to-equity ratio of 0.16, a current ratio of 2.01 and a quick ratio of 1.88. The stock has a market capitalization of $7.84 billion, a P/E ratio of 8.02 and a beta of 0.36. The firm has a 50 day moving average of $34.69 and a 200-day moving average of $33.49.

Buenaventura Mining (NYSE:BVN) last released its quarterly earnings data on Thursday, April 30th. The mining company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.23. Buenaventura Mining had a net margin of 47.72% and a return on equity of 24.89%. The company had revenue of $624.56 million during the quarter, compared to the consensus estimate of $666.00 million. On average, equities research analysts expect that Buenaventura Mining Company Inc. will post 4.31 earnings per share for the current fiscal year.

Buenaventura Mining Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Tuesday, May 12th. Stockholders of record on Tuesday, April 21st were paid a $0.9904 dividend. The ex-dividend date was Tuesday, April 21st. Buenaventura Mining’s dividend payout ratio is currently 28.31%.

Institutional Trading of Buenaventura Mining

A number of large investors have recently bought and sold shares of BVN. Northwestern Mutual Wealth Management Co. grew its position in Buenaventura Mining by 3,096,894.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,884,290 shares of the mining company’s stock valued at $163,760,000 after acquiring an additional 5,884,100 shares during the period. Robeco Institutional Asset Management B.V. grew its position in Buenaventura Mining by 738.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,979,757 shares of the mining company’s stock worth $82,927,000 after acquiring an additional 2,624,485 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Buenaventura Mining by 38.5% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,196,976 shares of the mining company’s stock worth $175,102,000 after acquiring an additional 1,999,475 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Buenaventura Mining by 244.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,742,829 shares of the mining company’s stock worth $48,503,000 after acquiring an additional 1,236,480 shares during the last quarter. Finally, Bank of Nova Scotia grew its position in Buenaventura Mining by 83.0% during the 1st quarter. Bank of Nova Scotia now owns 2,520,383 shares of the mining company’s stock worth $90,835,000 after acquiring an additional 1,143,072 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.