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

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 report report published on Friday morning.

Several other brokerages also recently commented on BVN. Morgan Stanley decreased 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 research note on Thursday, September 19th. 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 on the stock in a research note on Thursday.

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

Shares of NYSE BVN opened at $12.04 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. Compañía de Minas Buenaventura S.A.A. has a 52 week low of $8.86 and a 52 week high of $18.84. The firm’s fifty day moving average is $13.22 and its 200 day moving average is $14.92.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Csenge Advisory Group boosted its holdings in Compañía de Minas Buenaventura S.A.A. by 266.9% in the second quarter. Csenge Advisory Group now owns 126,300 shares of the mining company’s stock valued at $2,141,000 after acquiring an additional 91,881 shares in the last quarter. Harbour Capital Advisors LLC bought a new stake in Compañía de Minas Buenaventura S.A.A. in the third quarter valued at $629,000. Diversify Advisory Services LLC bought a new stake in Compañía de Minas Buenaventura S.A.A. in the second quarter valued at $243,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in 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 holdings in 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 valued at $82,000 after acquiring an additional 929 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.