Scotiabank Has Lowered Expectations for Buenaventura Mining (NYSE:BVN) Stock Price

Buenaventura Mining (NYSE:BVN) had its target price lowered by research analysts at Scotiabank from $44.00 to $40.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “sector perform” rating on the mining company’s stock. Scotiabank’s target price would indicate a potential upside of 29.73% from the company’s current price.

BVN has been the subject of a number of other reports. Morgan Stanley cut 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. Zacks Research lowered shares of Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Weiss Ratings cut shares of Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Finally, Wall Street Zen raised shares of Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 28th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $37.25.

Buenaventura Mining Trading Up 3.4%

Shares of Buenaventura Mining stock traded up $1.01 on Tuesday, hitting $30.83. 502,829 shares of the company traded hands, compared to its average volume of 1,496,012. The company has a current ratio of 2.01, a quick ratio of 1.88 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average price is $32.76 and its 200-day moving average price is $34.38. The company has a market cap of $7.82 billion, a PE ratio of 8.00 and a beta of 0.42. Buenaventura Mining has a 52 week low of $16.06 and a 52 week high of $44.67.

Buenaventura Mining (NYSE:BVN) last issued 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. Equities research analysts predict that Buenaventura Mining will post 4.22 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BVN. Raymond James Financial Inc. purchased a new stake in Buenaventura Mining during the 2nd quarter worth $32,000. Banque Cantonale Vaudoise acquired a new position in Buenaventura Mining in the first quarter valued at approximately $45,000. Smartleaf Asset Management LLC lifted its position in Buenaventura Mining by 1,725.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,917 shares of the mining company’s stock valued at $55,000 after purchasing an additional 1,812 shares during the last quarter. Headlands Technologies LLC boosted 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 acquiring an additional 1,424 shares during the period. Finally, Rockefeller Capital Management L.P. increased its stake in shares of Buenaventura Mining by 199.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,449 shares of the mining company’s stock valued at $96,000 after acquiring an additional 2,298 shares during the period.

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.