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

Key Points

• Buenaventura Mining shares recently reached a new 52-week high of $22.95, indicating strong market interest with a trading volume of over 1.7 million shares.
• Analysts have mixed ratings on the stock: Zacks upgraded it to a "strong-buy", while Wall Street Zen downgraded it to a "hold." The consensus rating remains a "buy."
• The company reported an earnings per share (EPS) of $0.40 last quarter, exceeding expectations, and is forecasted to achieve a full-year EPS of 1.13.

Shares of Buenaventura Mining Company Inc. (NYSE:BVN - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $22.95 and last traded at $22.86, with a volume of 1720857 shares changing hands. The stock had previously closed at $22.05.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BVN shares. Zacks Research upgraded Buenaventura Mining from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 16th. Wall Street Zen lowered Buenaventura Mining from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $15.50.

Buenaventura Mining Trading Up 3.7%

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 50 day simple moving average of $18.84 and a two-hundred day simple moving average of $16.50. The company has a market cap of $5.80 billion, a PE ratio of 11.60 and a beta of 0.28.

Buenaventura Mining (NYSE:BVN - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The mining company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.10. Buenaventura Mining had a net margin of 38.38% and a return on equity of 9.47%. The firm had revenue of $369.50 million for the quarter, compared to the consensus estimate of $338.29 million. Sell-side analysts forecast that Buenaventura Mining Company Inc. will post 1.13 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new position in Buenaventura Mining in the second quarter valued at about $28,000. Raymond James Financial Inc. bought a new stake in shares of Buenaventura Mining in the 2nd quarter valued at approximately $32,000. Brooklyn Investment Group grew its position in Buenaventura Mining by 1,363.9% in the first 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. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Buenaventura Mining in the first quarter worth approximately $36,000. Finally, Headlands Technologies LLC bought a new stake in Buenaventura Mining in the first quarter worth approximately $37,000.

Buenaventura Mining Company Profile

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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