StockNews.com Upgrades Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) to Buy

StockNews.com upgraded shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) from a hold rating to a buy rating in a research note released on Friday morning.

Other equities research analysts also recently issued reports about the stock. Scotiabank raised shares of Compañía de Minas Buenaventura S.A.A. from a “sector underperform” rating to a “sector perform” rating and set a $15.00 target price for the company in a research report on Thursday, November 21st. Morgan Stanley lowered their price objective on Compañía de Minas Buenaventura S.A.A. from $21.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, September 19th.

Compañía de Minas Buenaventura S.A.A. Stock Down 0.3 %

BVN stock opened at $12.26 on Friday. The stock’s 50 day simple moving average is $12.60 and its 200 day simple moving average is $14.00. The company has a market cap of $3.11 billion, a P/E ratio of 8.70 and a beta of 0.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.40. Compañía de Minas Buenaventura S.A.A. has a fifty-two week low of $11.61 and a fifty-two week high of $18.84.

Institutional Trading of Compañía de Minas Buenaventura S.A.A.

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in Compañía de Minas Buenaventura S.A.A. by 212.0% in the third quarter. JPMorgan Chase & Co. now owns 1,698,044 shares of the mining company’s stock valued at $23,501,000 after acquiring an additional 1,153,819 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Compañía de Minas Buenaventura S.A.A. in the third quarter valued at approximately $153,000. Geode Capital Management LLC grew its holdings in Compañía de Minas Buenaventura S.A.A. by 2.2% during the third quarter. Geode Capital Management LLC now owns 964,014 shares of the mining company’s stock valued at $13,225,000 after purchasing an additional 20,899 shares during the period. Barclays PLC increased its position in Compañía de Minas Buenaventura S.A.A. by 37.2% in the third quarter. Barclays PLC now owns 161,288 shares of the mining company’s stock worth $2,232,000 after buying an additional 43,692 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the third quarter valued at $148,000.

Compañía de Minas Buenaventura S.A.A. Company Profile

Compañía de Minas Buenaventura SAA. engages in the exploration, development, construction, and operation of mineral processing business. The company explores for gold, silver, lead, zinc, and copper metals. It operates operating mining units, including Tambomayo located in the Caylloma province, Orcopampa Unit located in the province of Castilla, Uchucchacua located in province of Oyón, Julcani located in province of Angaraes, Peru, as well as San Gabrie located in the province of General Sánchez Cerro, in the Moquegua region.