Compania de Minas Buenaventura SAA (NYSE:BVN) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Compania de Minas Buenaventura SAA (NYSE:BVN) from a hold rating to a sell rating in a research note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “COMPAÑÍA DE MINAS BUENAVENTURA is a leading mining company producing precious metals and holding mining rights in Peru. Since its inception in 1953, Buenaventura has focused on exploration and exploitation activities both by its own and through joint ventures. Buenaventura also is an important shareholder of Minera Yanacocha S.R.L., one of the leading gold producers in Latin America. “

Shares of Compania de Minas Buenaventura SAA stock opened at $14.30 on Thursday. Compania de Minas Buenaventura SAA has a twelve month low of $11.78 and a twelve month high of $17.85. The stock has a market capitalization of $3.64 billion, a P/E ratio of 44.69 and a beta of 0.57. The company has a current ratio of 1.77, a quick ratio of 1.44 and a debt-to-equity ratio of 0.15. The business’s fifty day moving average price is $16.18 and its 200 day moving average price is $16.15.



Institutional investors have recently modified their holdings of the stock. Amundi Pioneer Asset Management Inc. grew its stake in Compania de Minas Buenaventura SAA by 1.8% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 1,592,798 shares of the mining company’s stock worth $26,551,000 after purchasing an additional 28,813 shares in the last quarter. California Public Employees Retirement System grew its stake in Compania de Minas Buenaventura SAA by 18.2% in the second quarter. California Public Employees Retirement System now owns 1,181,451 shares of the mining company’s stock worth $19,695,000 after purchasing an additional 182,113 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in Compania de Minas Buenaventura SAA in the second quarter worth about $173,000. Voloridge Investment Management LLC acquired a new position in Compania de Minas Buenaventura SAA in the second quarter worth about $170,000. Finally, Pictet Asset Management Ltd. grew its stake in Compania de Minas Buenaventura SAA by 6.2% in the second quarter. Pictet Asset Management Ltd. now owns 443,950 shares of the mining company’s stock worth $7,251,000 after purchasing an additional 25,879 shares in the last quarter. Hedge funds and other institutional investors own 59.60% of the company’s stock.

Compania de Minas Buenaventura SAA Company Profile

Compañía de Minas Buenaventura SAA., a precious metals company, engages in the exploration, mining, and processing of gold, silver, lead, zinc, and copper metals in Peru, the United States, Europe, and Asia. The company operates five operating mining units, including Uchucchacua, Orcopampa, Julcani, Mallay, and Tambomayo in Peru; and San Gabriel, a mining unit under development stage.

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