Buenaventura Mining (NYSE:BVN) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Buenaventura Mining from “strong buy” to “buy.” Despite mixed analyst actions, the stock retains a “Moderate Buy” consensus rating with a $37.25 average price target.
• Shares opened at $34.16 after rising 4.9%, with a market capitalization of $8.67 billion and a P/E ratio of 7.73. The stock’s 52-week range is $17.65 to $44.67.
• Buenaventura reported quarterly EPS of $0.94, below the $0.99 consensus estimate, while revenue of $528.99 million also missed expectations of $610 million. Institutional investors, including Royal Bank of Canada, recently increased their holdings.

Buenaventura Mining (NYSE:BVN - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report issued on Saturday.

Several other equities research analysts also recently weighed in on BVN. Scotiabank reduced their price objective on shares of Buenaventura Mining from $44.00 to $40.00 and set a "sector perform" rating for the company in a report on Tuesday, July 14th. Morgan Stanley lowered their target price on shares of Buenaventura Mining from $42.50 to $34.50 and set an "overweight" rating on the stock in a research note on Wednesday, July 8th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Buenaventura Mining in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Buenaventura Mining currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.25.

Buenaventura Mining Stock Up 4.9%

Shares of Buenaventura Mining stock opened at $34.16 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.01 and a quick ratio of 1.88. Buenaventura Mining has a 1-year low of $17.65 and a 1-year high of $44.67. The business's fifty day moving average price is $31.37 and its two-hundred day moving average price is $34.42. The company has a market capitalization of $8.67 billion, a P/E ratio of 7.73 and a beta of 0.43.

Buenaventura Mining (NYSE:BVN - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The mining company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.05). The business had revenue of $528.99 million during the quarter, compared to the consensus estimate of $610.00 million. Buenaventura Mining had a return on equity of 27.72% and a net margin of 50.88%. As a group, research analysts forecast that Buenaventura Mining will post 4.37 EPS for the current year.

Institutional Investors Weigh In On Buenaventura Mining

Large investors have recently modified their holdings of the stock. Oldfield Partners LLP grew its holdings in shares of Buenaventura Mining by 6.4% in the 2nd quarter. Oldfield Partners LLP now owns 44,816 shares of the mining company's stock worth $1,313,000 after acquiring an additional 2,678 shares during the last quarter. E. Ohman J or Asset Management AB lifted its holdings in shares of Buenaventura Mining by 22.5% during the second quarter. E. Ohman J or Asset Management AB now owns 12,500 shares of the mining company's stock valued at $366,000 after purchasing an additional 2,300 shares during the last quarter. Liontrust Investment Partners LLP lifted its holdings in shares of Buenaventura Mining by 8.3% during the first quarter. Liontrust Investment Partners LLP now owns 13,000 shares of the mining company's stock valued at $469,000 after purchasing an additional 1,000 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Buenaventura Mining by 13,674.3% during the first quarter. Royal Bank of Canada now owns 720,810 shares of the mining company's stock valued at $25,977,000 after purchasing an additional 715,577 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its position in shares of Buenaventura Mining by 9.1% in the 1st quarter. Quantinno Capital Management LP now owns 69,523 shares of the mining company's stock valued at $2,506,000 after purchasing an additional 5,803 shares during the period.

Buenaventura Mining Company Profile

Compañía de Minas Buenaventura SAA. NYSE: BVN is one of Peru's leading precious metals producers, primarily engaged in the exploration, development and operation of gold, silver and base metal mines. Headquartered in Lima, the company's core activities cover the entire mining cycle from concession acquisition and project evaluation to extraction, milling and metal refining. Buenaventura also holds interests in smelting, refining and trading services, enabling it to market its products both domestically and internationally.

The company's principal assets include several operating mines in Peru such as Uchucchacua (silver-lead-zinc), Orcopampa (gold-silver) and the Tambomayo gold mine.

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