Buenaventura Mining (NYSE:BVN) Hits New 52-Week High - Still a Buy?

Key Points

• Buenaventura Mining shares have reached a new 52-week high of $24.65 during trading, closing at $24.28 with significant trading volume.
• Analysts have mixed ratings on the stock, with Wall Street Zen downgrading it to "hold" while Zacks Research upgraded it to "strong-buy," leading to a consensus rating of "Buy" and an average price target of $15.50.
• The company reported strong quarterly earnings, with an EPS of $0.40, exceeding expectations, and a revenue of $369.5 million against a forecast of $338.29 million.

Buenaventura Mining Company Inc. (NYSE:BVN - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $24.65 and last traded at $24.28, with a volume of 1509922 shares trading hands. The stock had previously closed at $24.33.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wall Street Zen downgraded Buenaventura Mining from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Zacks Research raised Buenaventura Mining from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Buenaventura Mining presently has a consensus rating of "Buy" and an average price target of $15.50.

Buenaventura Mining Trading Down 0.2%

The stock has a fifty day moving average of $19.36 and a 200-day moving average of $16.80. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.31 and a current ratio of 2.54. The company has a market cap of $6.16 billion, a PE ratio of 12.32 and a beta of 0.28.

Buenaventura Mining (NYSE:BVN - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The mining company reported $0.40 earnings per share (EPS) for the quarter, beating 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 company had revenue of $369.50 million during the quarter, compared to analysts' expectations of $338.29 million. Sell-side analysts anticipate that Buenaventura Mining Company Inc. will post 1.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Buenaventura Mining

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Headlands Technologies LLC raised its position in Buenaventura Mining by 60.9% during 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 in the last quarter. PNC Financial Services Group Inc. raised its position in 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 valued at $135,000 after purchasing an additional 1,637 shares in the last quarter. GAMMA Investing LLC raised its position in Buenaventura Mining by 17.1% during 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 in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Buenaventura Mining during the 2nd quarter valued at $28,000. Finally, Brooklyn Investment Group raised its position 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 worth $30,000 after acquiring 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.