Buenaventura Mining (NYSE:BVN) Downgraded by Wall Street Zen to Hold

Key Points

• Buenaventura Mining has been downgraded from a "buy" to a "hold" rating by Wall Street Zen in a recent report.
• Scotiabank has raised its price target for Buenaventura Mining from $15.00 to $15.50, assigning a "sector perform" rating.
• Shares of Buenaventura Mining opened at $18.29, with a current ratio of 2.54 and a market cap of $4.64 billion.

Buenaventura Mining (NYSE:BVN - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Sunday.

Separately, Scotiabank raised their price objective on Buenaventura Mining from $15.00 to $15.50 and gave the company a "sector perform" rating in a report on Monday, April 14th.

Buenaventura Mining Trading Down 1.1%

Shares of BVN stock opened at $18.29 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.54 and a quick ratio of 1.58. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 9.28 and a beta of 0.34. The stock has a 50 day simple moving average of $16.84 and a 200-day simple moving average of $15.04. Buenaventura Mining has a 1-year low of $11.50 and a 1-year high of $18.79.

Buenaventura Mining (NYSE:BVN - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The mining company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.10. The company had revenue of $369.50 million for the quarter, compared to analyst estimates of $338.29 million. Buenaventura Mining had a return on equity of 9.47% and a net margin of 38.38%. On average, equities research analysts expect that Buenaventura Mining will post 1.13 EPS for the current fiscal year.

Institutional Trading of Buenaventura Mining

Hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in Buenaventura Mining by 17.1% in the 1st quarter. GAMMA Investing LLC now owns 11,382 shares of the mining company's stock valued at $178,000 after acquiring an additional 1,665 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Buenaventura Mining by 1,534.8% in the 4th quarter. BNP Paribas Financial Markets now owns 149,876 shares of the mining company's stock worth $1,727,000 after acquiring an additional 140,708 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in shares of Buenaventura Mining in the 1st quarter worth $184,000. Northern Trust Corp increased its stake in shares of Buenaventura Mining by 105.3% in the 4th quarter. Northern Trust Corp now owns 1,235,916 shares of the mining company's stock worth $14,238,000 after acquiring an additional 633,793 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Buenaventura Mining by 19.0% in the 1st quarter. Bank of New York Mellon Corp now owns 234,684 shares of the mining company's stock worth $3,668,000 after acquiring an additional 37,482 shares during the last quarter.

About Buenaventura Mining

Compañía de Minas Buenaventura SAA. engages in the exploration, development, construction, and operation of mineral processing business. The company explores for gold, silver, lead, zinc, and copper metals. It operates operating mining units, including Tambomayo located in the Caylloma province, Orcopampa Unit located in the province of Castilla, Uchucchacua located in province of Oyón, Julcani located in province of Angaraes, Peru, as well as San Gabrie located in the province of General Sánchez Cerro, in the Moquegua region.

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