Buenaventura Mining (NYSE:BVN) Trading Down 11.5% - Time to Sell?

Key Points

• Buenaventura Mining's shares fell 11.5%, trading as low as $22.27, with an average trading volume drop of 46% compared to previous periods.
• Equities analysts have mixed ratings on BVN, with reports showing a shift to a "strong-buy" from Zacks, while Wall Street Zen downgraded the stock to "hold."
• The mining company reported earnings of $0.40 per share, exceeding analyst expectations, and has a consensus target price of $15.50.

Shares of Buenaventura Mining Company Inc. (NYSE:BVN - Get Free Report) were down 11.5% during mid-day trading on Tuesday . The company traded as low as $22.27 and last traded at $22.71. Approximately 590,990 shares were traded during trading, a decline of 46% from the average daily volume of 1,091,055 shares. The stock had previously closed at $25.65.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BVN shares. Zacks Research upgraded Buenaventura Mining from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 16th. Weiss Ratings restated a "buy (b-)" rating on shares of Buenaventura Mining in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded Buenaventura Mining from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Buenaventura Mining currently 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 stock has a market cap of $5.81 billion, a PE ratio of 11.63 and a beta of 0.27. The business has a 50 day moving average price of $21.48 and a two-hundred day moving average price of $17.78.

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

Institutional Investors Weigh In On Buenaventura Mining

A number of hedge funds have recently modified their holdings of the stock. Lester Murray Antman dba SimplyRich raised its holdings in Buenaventura Mining by 1.9% during the 3rd quarter. Lester Murray Antman dba SimplyRich now owns 44,927 shares of the mining company's stock valued at $1,093,000 after acquiring an additional 822 shares during the period. Blue Trust Inc. grew its position in shares of Buenaventura Mining by 18.8% in the third quarter. Blue Trust Inc. now owns 8,111 shares of the mining company's stock valued at $197,000 after purchasing an additional 1,283 shares in the last quarter. Headlands Technologies LLC grew its position in shares of Buenaventura Mining by 60.9% in the second quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company's stock valued at $62,000 after purchasing an additional 1,424 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Buenaventura Mining by 24.9% in the second quarter. PNC Financial Services Group Inc. now owns 8,210 shares of the mining company's stock valued at $135,000 after purchasing an additional 1,637 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Buenaventura Mining by 17.1% in the first quarter. GAMMA Investing LLC now owns 11,382 shares of the mining company's stock valued at $178,000 after purchasing an additional 1,665 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.