Buenaventura Mining (NYSE:BVN) Sets New 52-Week High - Should You Buy?

Key Points

• Buenaventura Mining shares reached a new 52-week high of $25.71, closing at $25.51 with a trading volume of 158,793 shares.
• Analyst ratings for the company show a mixed outlook, with one Strong Buy, one Buy, and one Hold rating, while the average target price is $15.50.
• The company's recent earnings report revealed an EPS of $0.40, exceeding estimates, and a net margin of 38.38%, indicating strong financial performance.

Buenaventura Mining Company Inc. (NYSE:BVN - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $25.71 and last traded at $25.51, with a volume of 158793 shares traded. The stock had previously closed at $24.44.

Analyst Ratings Changes

Several analysts recently commented on the stock. Weiss Ratings restated a "buy (b-)" rating on shares of Buenaventura Mining in a report on Saturday, September 27th. Wall Street Zen lowered shares of Buenaventura Mining from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Finally, Zacks Research raised shares of Buenaventura Mining from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $15.50.

Buenaventura Mining Price Performance

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's 50 day moving average price is $20.07 and its 200 day moving average price is $17.11. The company has a market cap of $6.55 billion, a price-to-earnings ratio of 13.09 and a beta of 0.27.

Buenaventura Mining (NYSE:BVN - Get Free Report) last issued its 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. Buenaventura Mining had a net margin of 38.38% and a return on equity of 9.47%. The company had revenue of $369.50 million for the quarter, compared to the consensus estimate of $338.29 million. On average, equities research analysts predict that Buenaventura Mining Company Inc. will post 1.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd bought a new stake in Buenaventura Mining during the 2nd quarter worth about $28,000. Brooklyn Investment Group increased its stake 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 valued at $30,000 after acquiring an additional 1,814 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Buenaventura Mining in the 2nd quarter valued at approximately $32,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Buenaventura Mining in the 1st quarter valued at approximately $36,000. Finally, Headlands Technologies LLC acquired a new position in shares of Buenaventura Mining in the 1st quarter valued at approximately $37,000.

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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