Buenaventura Mining (NYSE:BVN) Posts Earnings Results, Beats Expectations By $0.10 EPS

Buenaventura Mining (NYSE:BVN) announced its quarterly earnings results on Thursday. The mining company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10, FiscalAI reports. The company had revenue of $545.33 million during the quarter, compared to analysts’ expectations of $439.69 million. Buenaventura Mining had a return on equity of 26.53% and a net margin of 50.88%.

Buenaventura Mining Stock Performance

Shares of NYSE BVN traded down $1.39 during midday trading on Friday, hitting $26.20. 665,775 shares of the company’s stock traded hands, compared to its average volume of 1,313,717. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.43 and a current ratio of 2.59. The stock has a market capitalization of $6.65 billion, a price-to-earnings ratio of 5.90 and a beta of 0.43. The firm has a fifty day moving average of $32.52 and a 200 day moving average of $33.94. Buenaventura Mining has a 1 year low of $21.04 and a 1 year high of $44.67.

Wall Street Analysts Forecast Growth

BVN has been the topic of several research reports. Morgan Stanley dropped their price objective on shares of Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Scotiabank cut their target price on shares of Buenaventura Mining from $44.00 to $40.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of Buenaventura Mining in a research note on Thursday. Zacks Research upgraded Buenaventura Mining from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 13th. Finally, Wall Street Zen upgraded shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.25.

About Buenaventura Mining

Compañía de Minas Buenaventura SAA., known as Buenaventura Mining, is a Peru-based mining company engaged in the exploration, development, construction, and operation of mineral projects. Its portfolio includes precious and base metals, with primary exposure to gold, silver, copper, lead, and zinc.

Founded in 1953, Buenaventura operates primarily in Peru. Its activities have included the Uchucchacua, Tambomayo, La Zanja, Coimolache, and El Brocal mining operations, as well as exploration and development projects across the country.