Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Reaches New 52-Week Low – Time to Sell?

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $11.50 and last traded at $11.52, with a volume of 819000 shares traded. The stock had previously closed at $11.93.

Wall Street Analysts Forecast Growth

BVN has been the subject of several recent research reports. Morgan Stanley reduced their target price on shares of 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. StockNews.com upgraded shares of Compañía de Minas Buenaventura S.A.A. from a “hold” rating to a “buy” rating in a research note on Friday, December 27th. Finally, Scotiabank upgraded Compañía de Minas Buenaventura S.A.A. from a “sector underperform” rating to a “sector perform” rating and set a $15.00 target price on the stock in a research report on Thursday, November 21st.

Compañía de Minas Buenaventura S.A.A. Price Performance

The stock has a fifty day simple moving average of $12.48 and a two-hundred day simple moving average of $13.87. The firm has a market cap of $2.92 billion, a PE ratio of 8.17 and a beta of 0.80. The company has a current ratio of 1.40, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Barclays PLC boosted its position in shares of Compañía de Minas Buenaventura S.A.A. by 37.2% during the 3rd quarter. Barclays PLC now owns 161,288 shares of the mining company’s stock valued at $2,232,000 after acquiring an additional 43,692 shares during the last quarter. Weiss Asset Management LP purchased a new stake in Compañía de Minas Buenaventura S.A.A. in the third quarter valued at approximately $1,367,000. Harbour Capital Advisors LLC bought a new stake in Compañía de Minas Buenaventura S.A.A. during the third quarter valued at approximately $629,000. FMR LLC grew its stake in Compañía de Minas Buenaventura S.A.A. by 245.4% in the 3rd quarter. FMR LLC now owns 17,552 shares of the mining company’s stock worth $243,000 after buying an additional 12,471 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new position in Compañía de Minas Buenaventura S.A.A. in the 3rd quarter worth approximately $341,000.

About Compañía de Minas Buenaventura S.A.A.

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.