Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Upgraded at Scotiabank

Scotiabank upgraded shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) from a sector underperform rating to a sector perform rating in a research report released on Thursday morning, Marketbeat.com reports. Scotiabank currently has $15.00 price objective on the mining company’s stock.

Separately, Morgan Stanley dropped their price target on shares of Compañía de Minas Buenaventura S.A.A. from $21.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, September 19th.

Compañía de Minas Buenaventura S.A.A. Trading Down 1.8 %

Shares of NYSE:BVN opened at $12.06 on Thursday. The company has a market capitalization of $3.06 billion, a PE ratio of 8.55 and a beta of 0.83. Compañía de Minas Buenaventura S.A.A. has a 12-month low of $8.86 and a 12-month high of $18.84. The business has a 50 day moving average of $13.20 and a two-hundred day moving average of $14.85. 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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Csenge Advisory Group lifted its holdings in Compañía de Minas Buenaventura S.A.A. by 266.9% during the second quarter. Csenge Advisory Group now owns 126,300 shares of the mining company’s stock valued at $2,141,000 after purchasing an additional 91,881 shares in the last quarter. Harbour Capital Advisors LLC purchased a new stake in Compañía de Minas Buenaventura S.A.A. during the 3rd quarter worth approximately $629,000. Diversify Advisory Services LLC acquired a new position in shares of Compañía de Minas Buenaventura S.A.A. during the second quarter valued at approximately $243,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Compañía de Minas Buenaventura S.A.A. by 50.5% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 18,503 shares of the mining company’s stock valued at $314,000 after acquiring an additional 6,205 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Compañía de Minas Buenaventura S.A.A. by 18.7% in the third quarter. GAMMA Investing LLC now owns 5,897 shares of the mining company’s stock worth $82,000 after acquiring an additional 929 shares during the last quarter.

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.