Buenaventura Mining Sees Unusually High Options Volume (NYSE:BVN)

by · The Cerbat Gem

Buenaventura Mining Company Inc. (NYSE:BVNGet Free Report) was the recipient of unusually large options trading activity on Friday. Stock traders purchased 6,006 call options on the stock. This represents an increase of approximately 1,409% compared to the typical volume of 398 call options.

Buenaventura Mining Stock Up 2.7%

Shares of Buenaventura Mining stock traded up $0.83 during trading hours on Friday, reaching $32.04. The company’s stock had a trading volume of 101,625 shares, compared to its average volume of 1,572,969. The company has a market capitalization of $8.13 billion, a P/E ratio of 18.86 and a beta of 0.35. The stock’s fifty day simple moving average is $25.91 and its two-hundred day simple moving average is $21.95. Buenaventura Mining has a one year low of $12.20 and a one year high of $31.79. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.05 and a current ratio of 2.27.

Buenaventura Mining (NYSE:BVNGet Free Report) last released its quarterly earnings results on Friday, October 31st. The mining company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.25. Buenaventura Mining had a return on equity of 11.76% and a net margin of 30.70%.The business had revenue of $431.04 million during the quarter, compared to analyst estimates of $355.57 million. On average, research analysts forecast that Buenaventura Mining will post 1.13 earnings per share for the current year.

Buenaventura Mining Announces Dividend

The firm also recently declared a special dividend, which was paid on Tuesday, December 9th. Investors of record on Wednesday, November 19th were given a dividend of $0.1446 per share. The ex-dividend date of this dividend was Wednesday, November 19th. Buenaventura Mining’s dividend payout ratio (DPR) is presently 24.12%.

Analysts Set New Price Targets

Several research firms have recently weighed in on BVN. Scotiabank decreased their price objective on shares of Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 19th. Weiss Ratings reiterated a “buy (b)” rating on shares of Buenaventura Mining in a report on Monday, December 29th. Wall Street Zen raised Buenaventura Mining from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Finally, Zacks Research lowered Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.00.

Get Our Latest Analysis on BVN

Institutional Investors Weigh In On Buenaventura Mining

Several large investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd purchased a new position in shares of Buenaventura Mining in the 2nd quarter worth about $28,000. Raymond James Financial Inc. bought a new stake in Buenaventura Mining in the second quarter worth about $32,000. Headlands Technologies LLC boosted its stake in Buenaventura Mining by 60.9% in the second quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock valued at $62,000 after acquiring an additional 1,424 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Buenaventura Mining by 24.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,210 shares of the mining company’s stock valued at $135,000 after acquiring an additional 1,637 shares during the period. Finally, Savant Capital LLC purchased a new stake in shares of Buenaventura Mining during the 2nd quarter worth approximately $166,000.

Buenaventura Mining Company Profile

(Get Free Report)

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.

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