Buenaventura Mining (NYSE:BVN) Shares Gap Down – Should You Sell?

Buenaventura Mining Company Inc. (NYSE:BVN)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $35.08, but opened at $33.77. Buenaventura Mining shares last traded at $33.2420, with a volume of 103,224 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Zacks Research lowered shares of Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Wall Street Zen upgraded shares of Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Buenaventura Mining in a research report on Monday, December 29th. Finally, Scotiabank upped their price objective on shares of Buenaventura Mining from $42.00 to $44.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Buenaventura Mining has a consensus rating of “Hold” and an average price target of $44.00.

Buenaventura Mining Price Performance

The company has a market cap of $8.07 billion, a price-to-earnings ratio of 10.33 and a beta of 0.40. The company’s fifty day moving average price is $36.58 and its two-hundred day moving average price is $31.17. The company has a quick ratio of 1.88, a current ratio of 2.01 and a debt-to-equity ratio of 0.16.

Buenaventura Mining (NYSE:BVN) last posted its quarterly earnings data on Friday, February 27th. The mining company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $0.59 by $1.03. The company had revenue of $623.40 million during the quarter, compared to analysts’ expectations of $451.60 million. Buenaventura Mining had a return on equity of 20.39% and a net margin of 45.17%. On average, equities research analysts forecast that Buenaventura Mining Company Inc. will post 4.26 EPS for the current fiscal year.

Buenaventura Mining Announces Dividend

The firm also recently announced a special dividend, which will be paid on Tuesday, May 12th. Investors of record on Tuesday, April 21st will be issued a dividend of $0.9904 per share. The ex-dividend date is Tuesday, April 21st. Buenaventura Mining’s dividend payout ratio is presently 35.39%.

Hedge Funds Weigh In On Buenaventura Mining

Several hedge funds have recently modified their holdings of the stock. Corient Private Wealth LLC grew its stake in Buenaventura Mining by 2.7% in the fourth quarter. Corient Private Wealth LLC now owns 17,857 shares of the mining company’s stock valued at $497,000 after purchasing an additional 470 shares in the last quarter. SmartHarvest Portfolios LLC increased its stake in shares of Buenaventura Mining by 5.6% during the 1st quarter. SmartHarvest Portfolios LLC now owns 9,898 shares of the mining company’s stock worth $357,000 after purchasing an additional 529 shares during the last quarter. PKO Investment Management Joint Stock Co lifted its stake in Buenaventura Mining by 0.7% in the 1st quarter. PKO Investment Management Joint Stock Co now owns 88,544 shares of the mining company’s stock valued at $3,191,000 after purchasing an additional 602 shares during the last quarter. Ieq Capital LLC increased its position in Buenaventura Mining by 6.6% during the fourth quarter. Ieq Capital LLC now owns 10,869 shares of the mining company’s stock worth $302,000 after buying an additional 674 shares during the last quarter. Finally, Savant Capital LLC lifted its position in shares of Buenaventura Mining by 6.0% in the fourth quarter. Savant Capital LLC now owns 12,585 shares of the mining company’s stock valued at $350,000 after buying an additional 712 shares during the last quarter.

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.