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

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Other research analysts have also recently issued reports about the stock. Morgan Stanley dropped their target price 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 report on Thursday, September 19th. Scotiabank upgraded shares of Compañía de Minas Buenaventura S.A.A. from a “sector underperform” rating to a “sector perform” rating and set a $15.00 price objective on the stock in a research note on Thursday.

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

Shares of NYSE:BVN opened at $12.06 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.40 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $13.20 and its 200 day moving average is $14.87. The stock has a market cap of $3.06 billion, a P/E ratio of 8.55 and a beta of 0.83. Compañía de Minas Buenaventura S.A.A. has a 52-week low of $8.86 and a 52-week high of $18.84.

Institutional Investors Weigh In On Compañía de Minas Buenaventura S.A.A.

A number of institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its stake in shares of Compañía de Minas Buenaventura S.A.A. by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 964,014 shares of the mining company’s stock worth $13,225,000 after acquiring an additional 20,899 shares in the last quarter. Barclays PLC grew its holdings 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 purchasing an additional 43,692 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Compañía de Minas Buenaventura S.A.A. during the third quarter worth $148,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Compañía de Minas Buenaventura S.A.A. during the 3rd quarter valued at $382,000. Finally, Dorsey Wright & Associates boosted its position in shares of Compañía de Minas Buenaventura S.A.A. by 13.9% in the 3rd quarter. Dorsey Wright & Associates now owns 174,076 shares of the mining company’s stock worth $2,410,000 after purchasing an additional 21,293 shares in 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.