Buenaventura Mining (NYSE:BVN) Reaches New 12-Month High - Should You Buy?

Key Points

• Buenaventura Mining (NYSE:BVN) reached a new 52-week high at $20.19, reflecting strong trading activity with over 1.6 million shares exchanged during the day.
• Despite its recent performance, analysts have downgraded Buenaventura Mining from a "buy" to a "hold" rating, with an average price target of $16.75.
• The company posted a quarterly earnings per share of $0.40, surpassing expectations and indicating robust financial health with a net margin of 38.38%.

Buenaventura Mining Company Inc. (NYSE:BVN - Get Free Report)'s share price reached a new 52-week high on Thursday . The stock traded as high as $20.19 and last traded at $19.92, with a volume of 1623764 shares traded. The stock had previously closed at $19.64.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Buenaventura Mining from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Buenaventura Mining currently has an average rating of "Moderate Buy" and an average target price of $16.75.

Buenaventura Mining Price Performance

The firm's 50-day moving average price is $17.77 and its two-hundred day moving average price is $15.86. 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 stock has a market cap of $5.07 billion, a PE ratio of 10.13 and a beta of 0.28.

Buenaventura Mining (NYSE:BVN - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The mining company reported $0.40 EPS for the quarter, beating the consensus estimate 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 net margin of 38.38% and a return on equity of 9.47%. On average, equities analysts expect that Buenaventura Mining Company Inc. will post 1.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Buenaventura Mining

Several institutional investors and hedge funds have recently bought and sold shares of the business. Headlands Technologies LLC lifted its holdings in Buenaventura Mining by 60.9% in the 2nd quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company's stock worth $62,000 after purchasing an additional 1,424 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Buenaventura Mining by 24.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,210 shares of the mining company's stock worth $135,000 after purchasing an additional 1,637 shares during the last quarter. GAMMA Investing LLC boosted its stake 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 purchasing an additional 1,665 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Buenaventura Mining in the second quarter valued at about $28,000. Finally, Brooklyn Investment Group lifted its holdings in shares of Buenaventura Mining by 1,363.9% in the first quarter. Brooklyn Investment Group now owns 1,947 shares of the mining company's stock valued at $30,000 after purchasing an additional 1,814 shares in 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.