Buenaventura Mining (NYSE:BVN) Issues Earnings Results

Key Points

• Buenaventura Mining reported earnings of $0.40 per share for the quarter, exceeding analysts' expectations of $0.30, with a significant net margin of 38.38% and revenue of $369.50 million.
• The company's stock price fell to $17.37, with a market cap of $4.41 billion and a price-to-earnings ratio of 8.82.
• Recent brokerage ratings show Scotiabank has increased its target price to $15.50 while Wall Street Zen downgraded the stock from "buy" to "hold."

Buenaventura Mining (NYSE:BVN - Get Free Report) posted its quarterly earnings results on Thursday. The mining company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.10, Zacks reports. Buenaventura Mining had a return on equity of 9.63% and a net margin of 38.38%. The firm had revenue of $369.50 million during the quarter, compared to the consensus estimate of $338.29 million.

Buenaventura Mining Price Performance

NYSE BVN traded down $0.41 on Friday, reaching $17.37. 595,100 shares of the stock traded hands, compared to its average volume of 749,506. The firm's fifty day simple moving average is $16.27 and its 200 day simple moving average is $14.69. The company has a quick ratio of 1.58, a current ratio of 1.75 and a debt-to-equity ratio of 0.17. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 8.82 and a beta of 0.43. Buenaventura Mining has a 12 month low of $11.50 and a 12 month high of $17.98.

Hedge Funds Weigh In On Buenaventura Mining

A hedge fund recently raised its stake in Buenaventura Mining stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,278,411 shares of the mining company's stock after acquiring an additional 25,440 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.50% of Buenaventura Mining worth $19,982,000 at the end of the most recent reporting period.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BVN. Scotiabank upped their target price on Buenaventura Mining from $15.00 to $15.50 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Wall Street Zen cut Buenaventura Mining from a "buy" rating to a "hold" rating in a research note on Friday, July 18th.

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.

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