Buenaventura Mining (NYSE:BVN) Hits New 1-Year High - Still a Buy?

Key Points

• Buenaventura Mining's stock price reached a new 52-week high of $20.90, closing at $20.65 during recent trading with a volume of 273,536 shares.
• Zacks Research upgraded the stock's rating from "hold" to "strong-buy", while Wall Street Zen downgraded it from "buy" to "hold", leading to a consensus rating of "buy" with an average price target of $15.50.
• The company reported earnings of $0.40 per share, surpassing analyst expectations of $0.30, with a strong revenue of $369.50 million for the quarter.

Buenaventura Mining Company Inc. (NYSE:BVN - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $20.90 and last traded at $20.65, with a volume of 273536 shares. The stock had previously closed at $20.02.

Analyst Ratings Changes

BVN has been the topic of a number of recent research reports. Zacks Research raised shares of Buenaventura Mining from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Wall Street Zen downgraded shares of Buenaventura Mining from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $15.50.

Buenaventura Mining Price Performance

The company has a market capitalization of $5.30 billion, a PE ratio of 10.59 and a beta of 0.28. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.54 and a quick ratio of 2.31. The company's 50 day simple moving average is $18.42 and its 200 day simple moving average is $16.27.

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

Institutional Investors Weigh In On Buenaventura Mining

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BVN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Buenaventura Mining by 12.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,502,101 shares of the mining company's stock valued at $85,998,000 after purchasing an additional 591,482 shares during the last quarter. Tidal Investments LLC raised its stake in Buenaventura Mining by 11.8% during the 2nd quarter. Tidal Investments LLC now owns 2,858,519 shares of the mining company's stock worth $46,937,000 after buying an additional 302,523 shares during the period. JPMorgan Chase & Co. increased its position in shares of Buenaventura Mining by 20.6% during the second quarter. JPMorgan Chase & Co. now owns 2,291,838 shares of the mining company's stock valued at $37,632,000 after acquiring an additional 391,465 shares during the last quarter. Helikon Investments Ltd purchased a new stake in Buenaventura Mining in the first quarter worth $26,686,000. Finally, Northern Trust Corp grew its position in shares of Buenaventura Mining by 32.9% in the first quarter. Northern Trust Corp now owns 1,642,557 shares of the mining company's stock valued at $25,673,000 after purchasing an additional 406,641 shares in 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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