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

Key Points

• Buenaventura Mining has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating increased analyst confidence in the stock's performance.
• Scotiabank raised Buenaventura's price target from $15.00 to $15.50, maintaining a "sector perform" rating, which reflects a cautious optimism about the company's future prospects.
• In the most recent quarter, Buenaventura Mining reported an EPS of $0.40, exceeding expectations and showing strong revenue growth compared to consensus estimates.

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

Separately, Scotiabank raised their target price on Buenaventura Mining from $15.00 to $15.50 and gave the company a "sector perform" rating in a research note on Monday, April 14th.

Buenaventura Mining Price Performance

Buenaventura Mining stock traded up $0.34 during mid-day trading on Friday, hitting $17.84. 415,318 shares of the company were exchanged, compared to its average volume of 1,015,342. The company has a quick ratio of 1.58, a current ratio of 1.75 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average of $16.57 and a 200 day moving average of $14.91. Buenaventura Mining has a 1-year low of $11.50 and a 1-year high of $17.98. The company has a market capitalization of $4.53 billion, a PE ratio of 9.05 and a beta of 0.34.

Buenaventura Mining (NYSE:BVN - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The mining company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.10. Buenaventura Mining had a return on equity of 9.63% and a net margin of 38.38%. The firm had revenue of $369.50 million during the quarter, compared to analyst estimates of $338.29 million. As a group, sell-side analysts expect that Buenaventura Mining will post 1.13 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC boosted its stake in shares of Buenaventura Mining by 17.1% in the 1st 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 during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Buenaventura Mining by 1,534.8% in the 4th quarter. BNP Paribas Financial Markets now owns 149,876 shares of the mining company's stock valued at $1,727,000 after purchasing an additional 140,708 shares during the last quarter. QRG Capital Management Inc. bought a new position in shares of Buenaventura Mining in the 1st quarter valued at about $184,000. Northern Trust Corp boosted its stake in shares of Buenaventura Mining by 105.3% in the 4th quarter. Northern Trust Corp now owns 1,235,916 shares of the mining company's stock valued at $14,238,000 after purchasing an additional 633,793 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Buenaventura Mining by 19.0% during the first quarter. Bank of New York Mellon Corp now owns 234,684 shares of the mining company's stock worth $3,668,000 after buying an additional 37,482 shares during 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.