Buenaventura Mining (NYSE:BVN) Raised to Buy at Wall Street Zen

Key Points

• Buenaventura Mining has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating increased optimism about the company's prospects.
• Scotiabank raised its price target for Buenaventura Mining shares from $19.50 to $27.00, reflecting positive sentiment in the market.
• The company reported earnings of $0.40 per share, outperforming expectations and showing a strong revenue of $369.50 million for the quarter.

Buenaventura Mining (NYSE:BVN - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

BVN has been the topic of a number of other research reports. Scotiabank boosted their price objective on Buenaventura Mining from $19.50 to $27.00 and gave the stock a "sector perform" rating in a research note on Thursday. Weiss Ratings reissued a "buy (b-)" rating on shares of Buenaventura Mining in a report on Friday. Finally, Zacks Research upgraded shares of Buenaventura Mining from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $27.00.

Buenaventura Mining Trading Down 1.9%

Buenaventura Mining stock opened at $22.48 on Friday. Buenaventura Mining has a 12-month low of $11.50 and a 12-month high of $26.97. 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 stock has a market capitalization of $5.70 billion, a PE ratio of 11.41 and a beta of 0.27. The firm has a 50 day simple moving average of $21.84 and a 200-day simple moving average of $17.99.

Buenaventura Mining (NYSE:BVN - Get Free Report) last announced its earnings results on Thursday, July 24th. The mining company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.30 by $0.10. The firm had revenue of $369.50 million for the quarter, compared to analysts' expectations of $338.29 million. Buenaventura Mining had a return on equity of 9.47% and a net margin of 38.38%. As a group, equities research analysts expect that Buenaventura Mining will post 1.13 EPS for the current fiscal year.

Institutional Trading of Buenaventura Mining

Several large investors have recently added to or reduced their stakes in the company. Helikon Investments Ltd acquired a new stake in shares of Buenaventura Mining in the first quarter worth $26,686,000. Invesco Ltd. grew its stake in Buenaventura Mining by 2,318.6% during the 2nd quarter. Invesco Ltd. now owns 633,036 shares of the mining company's stock valued at $10,394,000 after acquiring an additional 606,862 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Buenaventura Mining by 12.0% during the 1st 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 acquiring an additional 591,482 shares in the last quarter. Artisan Partners Limited Partnership increased its holdings in shares of Buenaventura Mining by 69.4% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,217,376 shares of the mining company's stock valued at $19,989,000 after purchasing an additional 498,585 shares during the period. Finally, Northern Trust Corp lifted 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 worth $25,673,000 after purchasing an additional 406,641 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.

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