Buenaventura Mining (NYSE:BVN) Stock Price Down 4.1% – What’s Next?

Buenaventura Mining Company Inc. (NYSE:BVN)’s share price was down 4.1% during mid-day trading on Wednesday. The company traded as low as $26.03 and last traded at $25.9630. 246,217 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 1,300,699 shares. The stock had previously closed at $27.08.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on BVN shares. Zacks Research raised shares of Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Buenaventura Mining in a research report on Thursday, October 29th. Finally, Wall Street Zen raised shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Buenaventura Mining has a consensus rating of “Buy” and a consensus target price of $37.25.

Buenaventura Mining Stock Down 3.2%

The firm has a market cap of $6.41 billion, a price-to-earnings ratio of 5.36 and a beta of 0.40. The business has a fifty day simple moving average of $30.96 and a 200 day simple moving average of $33.50. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.59 and a quick ratio of 2.43.

Buenaventura Mining (NYSE:BVN) last issued its quarterly earnings results on Thursday, October 29th. The mining company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.10. Buenaventura Mining had a return on equity of 27.60% and a net margin of 51.78%. The firm had revenue of $545.33 million for the quarter, compared to analyst estimates of $439.69 million. As a group, equities analysts forecast that Buenaventura Mining Company Inc. will post 4.01 EPS for the current fiscal year.

Buenaventura Mining Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Wednesday, December 9th. Shareholders of record on Friday, November 20th will be paid a dividend of $0.5508 per share. The ex-dividend date of this dividend is Friday, November 20th. Buenaventura Mining’s payout ratio is 23.09%.

Institutional Investors Weigh In On Buenaventura Mining

Hedge funds have recently modified their holdings of the business. Centrica Wealth Management LLC acquired a new position in Buenaventura Mining during the second quarter worth about $131,547,000. Bank of Nova Scotia raised its holdings in Buenaventura Mining by 83.0% in the 1st quarter. Bank of Nova Scotia now owns 2,520,383 shares of the mining company’s stock valued at $90,835,000 after acquiring an additional 1,143,072 shares during the last quarter. Jennison Associates LLC raised its holdings in Buenaventura Mining by 140.8% in the 1st quarter. Jennison Associates LLC now owns 1,267,998 shares of the mining company’s stock valued at $45,699,000 after acquiring an additional 741,344 shares during the last quarter. Royal Bank of Canada lifted its stake in Buenaventura Mining by 13,674.3% in the 1st quarter. Royal Bank of Canada now owns 720,810 shares of the mining company’s stock worth $25,977,000 after purchasing an additional 715,577 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Buenaventura Mining by 32.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,301,015 shares of the mining company’s stock worth $82,929,000 after purchasing an additional 558,186 shares in the last quarter.

Buenaventura Mining Company Profile

Compañía de Minas Buenaventura S.A.A., known as Buenaventura, is a Peru-based mining company engaged in the exploration, development, and operation of mineral properties. Its products include gold, silver, copper, lead, and zinc. The company operates in Peru and participates in mining projects through subsidiaries, joint ventures, and ownership interests. Its portfolio has included both precious- and base-metal operations, as well as interests in larger mining ventures. Founded in 1953, Buenaventura is headquartered in Lima.