Buenaventura Mining (NYSE:BVN) Posts Earnings Results, Beats Estimates By $0.10 EPS

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) released its quarterly earnings data on Thursday. The mining company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.30 by $0.10, Zacks reports. The firm had revenue of $369.50 million for the quarter, compared to the consensus estimate of $338.29 million. Buenaventura Mining had a return on equity of 9.63% and a net margin of 38.38%.

Buenaventura Mining Stock Down 2.9%

Buenaventura Mining stock traded down $0.51 during trading hours on Wednesday, hitting $17.10. 1,218,738 shares of the stock traded hands, compared to its average volume of 732,048. The firm's 50-day moving average price is $16.43 and its two-hundred day moving average price is $14.78. The company has a current ratio of 1.75, a quick ratio of 1.58 and a debt-to-equity ratio of 0.17. The company has a market cap of $4.34 billion, a PE ratio of 8.68 and a beta of 0.43. Buenaventura Mining has a one year low of $11.50 and a one year high of $17.98.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Scotiabank lifted their price objective on Buenaventura Mining from $15.00 to $15.50 and gave the stock a "sector perform" rating in a report on Monday, April 14th. Wall Street Zen downgraded Buenaventura Mining from a "buy" rating to a "hold" rating in a report on Friday, July 18th.

Institutional Trading of 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 grew its position in shares of Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) by 2.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,278,411 shares of the mining company's stock after buying 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.