Buenaventura Mining (NYSE:BVN) Shares Up 9.1% – Time to Buy?

Buenaventura Mining Company Inc. (NYSE:BVN) was up 9.1% during trading on Tuesday . The company traded as high as $33.35 and last traded at $32.9750. Approximately 276,982 shares traded hands during trading, a decline of 82% from the average daily volume of 1,534,392 shares. The stock had previously closed at $30.23.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on BVN shares. Wall Street Zen upgraded Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 28th. Scotiabank increased their price target on Buenaventura Mining from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Weiss Ratings lowered Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, Zacks Research lowered Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $44.00.

Buenaventura Mining Price Performance

The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.88 and a current ratio of 2.01. The firm has a market capitalization of $7.84 billion, a P/E ratio of 8.02 and a beta of 0.36. The company has a 50-day moving average price of $34.69 and a 200-day moving average price of $33.49.

Buenaventura Mining (NYSE:BVN) last posted its quarterly earnings results on Thursday, April 30th. The mining company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.23. Buenaventura Mining had a return on equity of 24.89% and a net margin of 47.72%.The business had revenue of $624.56 million for the quarter, compared to analyst estimates of $666.00 million. On average, sell-side analysts predict that Buenaventura Mining Company Inc. will post 4.31 earnings per share for the current year.

Buenaventura Mining Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Tuesday, May 12th. Investors of record on Tuesday, April 21st were paid a dividend of $0.9904 per share. The ex-dividend date of this dividend was Tuesday, April 21st. Buenaventura Mining’s dividend payout ratio (DPR) is presently 28.31%.

Institutional Investors Weigh In On Buenaventura Mining

Several large investors have recently modified their holdings of BVN. Raymond James Financial Inc. bought a new stake in shares of Buenaventura Mining in the second quarter worth about $32,000. Banque Cantonale Vaudoise bought a new stake in shares of Buenaventura Mining in the first quarter worth about $45,000. Smartleaf Asset Management LLC increased its holdings in shares of Buenaventura Mining by 1,725.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,917 shares of the mining company’s stock worth $55,000 after acquiring an additional 1,812 shares in the last quarter. Headlands Technologies LLC increased its holdings 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 worth $62,000 after acquiring an additional 1,424 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of Buenaventura Mining by 199.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,449 shares of the mining company’s stock worth $96,000 after acquiring an additional 2,298 shares in the last quarter.

About Buenaventura Mining

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.