Buenaventura Mining (NYSE:BVN) Upgraded at 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 equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

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

Buenaventura Mining Price Performance

Shares of BVN opened at $17.06 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.58 and a current ratio of 1.75. Buenaventura Mining has a fifty-two week low of $11.50 and a fifty-two week high of $17.98. The firm has a 50-day simple moving average of $16.52 and a 200-day simple moving average of $14.85. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 8.66 and a beta of 0.34.

Buenaventura Mining (NYSE:BVN - Get Free Report) last posted its quarterly earnings data 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 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 the consensus estimate of $338.29 million. On average, equities research analysts anticipate that Buenaventura Mining will post 1.13 earnings per share for the current year.

Hedge Funds Weigh In On Buenaventura Mining

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Buenaventura Mining in the second quarter valued at approximately $28,000. Brooklyn Investment Group lifted its holdings 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 valued at $30,000 after acquiring an additional 1,814 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Buenaventura Mining in the first quarter valued at $36,000. Headlands Technologies LLC purchased a new stake in shares of Buenaventura Mining during the 1st quarter worth $37,000. Finally, Voya Investment Management LLC acquired a new position in shares of Buenaventura Mining during the 4th quarter worth $144,000.

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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