Buenaventura Mining (NYSE:BVN) Given Buy (B-) Rating at Weiss Ratings

Key Points

• Buenaventura Mining (NYSE: BVN) has received a reiteration of its "buy (B-)" rating from Weiss Ratings, highlighting confidence in the company's stock performance.
• The company's stock recently traded up by 7% to $26.16, showing significant market activity with a trading volume exceeding 1.4 million shares.
• Buenaventura Mining reported earnings of $0.40 per share, surpassing estimates, with a net revenue of $369.50 million, indicating strong financial performance in its most recent quarter.

Buenaventura Mining (NYSE:BVN - Get Free Report)'s stock had its "buy (b-)" rating reiterated by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other brokerages have also weighed in on BVN. Zacks Research raised shares of Buenaventura Mining from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 16th. Wall Street Zen lowered shares of Buenaventura Mining from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Buenaventura Mining has a consensus rating of "Buy" and an average target price of $15.50.

Buenaventura Mining Trading Up 7.0%

Shares of BVN stock traded up $1.72 on Wednesday, hitting $26.16. The stock had a trading volume of 1,424,607 shares, compared to its average volume of 1,475,192. Buenaventura Mining has a twelve month low of $11.50 and a twelve month high of $26.45. The firm has a market cap of $6.64 billion, a P/E ratio of 13.28 and a beta of 0.27. The company has a current ratio of 2.54, a quick ratio of 2.31 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average price of $20.25 and a two-hundred day moving average price of $17.18.

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

Institutional Investors Weigh In On Buenaventura Mining

A number of institutional investors and hedge funds have recently modified their holdings of the company. Headlands Technologies LLC raised its holdings in shares of Buenaventura Mining by 60.9% in the 2nd quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company's stock valued at $62,000 after purchasing an additional 1,424 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Buenaventura Mining by 24.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,210 shares of the mining company's stock valued at $135,000 after purchasing an additional 1,637 shares during the period. GAMMA Investing LLC raised its holdings in shares of 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 purchasing an additional 1,665 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Buenaventura Mining in the 2nd quarter valued at about $28,000. Finally, Brooklyn Investment Group grew its stake in 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 buying an additional 1,814 shares during the last quarter.

Buenaventura Mining Company Profile

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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