Wall Street Zen Downgrades Buenaventura Mining (NYSE:BVN) 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.

Wall Street Zen cut shares of Buenaventura Mining (NYSE:BVN - Free Report) from a buy rating to a hold rating in a research note published on Sunday morning.

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

Buenaventura Mining Trading Down 1.2%

Buenaventura Mining stock traded down $0.22 during mid-day trading on Friday, hitting $18.19. 108,141 shares of the company's stock were exchanged, compared to its average volume of 1,013,914. The company's 50 day simple moving average is $16.97 and its 200-day simple moving average is $15.13. Buenaventura Mining has a fifty-two week low of $11.50 and a fifty-two week high of $18.79. The firm has a market capitalization of $4.62 billion, a P/E ratio of 9.24 and a beta of 0.34. The company has a quick ratio of 2.31, a current ratio of 2.54 and a debt-to-equity ratio of 0.23.

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

Institutional Investors Weigh In On Buenaventura Mining

A number of hedge funds have recently modified their holdings of BVN. Caitong International Asset Management Co. Ltd bought a new position in Buenaventura Mining in the 2nd quarter worth about $28,000. Brooklyn Investment Group lifted its stake in shares of Buenaventura Mining by 1,363.9% in the 1st quarter. Brooklyn Investment Group now owns 1,947 shares of the mining company's stock valued at $30,000 after acquiring an additional 1,814 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Buenaventura Mining during the first quarter worth about $36,000. Headlands Technologies LLC purchased a new stake in shares of Buenaventura Mining during the first quarter worth about $37,000. Finally, PNC Financial Services Group Inc. lifted its holdings in Buenaventura Mining by 24.9% in the second quarter. PNC Financial Services Group Inc. now owns 8,210 shares of the mining company's stock worth $135,000 after buying an additional 1,637 shares during the period.

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.