Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Short Interest Update

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 4,130,000 shares, an increase of 9.3% from the October 31st total of 3,780,000 shares. Based on an average daily trading volume, of 1,280,000 shares, the short-interest ratio is presently 3.2 days. Approximately 1.6% of the company’s shares are sold short.

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

Shares of NYSE BVN traded up $0.10 during trading on Wednesday, reaching $12.28. 258,913 shares of the stock were exchanged, compared to its average volume of 1,342,681. The business’s 50-day moving average price is $12.99 and its 200 day moving average price is $14.59. The company has a current ratio of 1.40, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. Compañía de Minas Buenaventura S.A.A. has a twelve month low of $8.86 and a twelve month high of $18.84.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BVN. StockNews.com raised shares of Compañía de Minas Buenaventura S.A.A. from a “hold” rating to a “buy” rating in a research report on Friday, November 22nd. 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 on the stock in a research report on Thursday, September 19th. Finally, 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 report on Thursday, November 21st.

Institutional Trading of Compañía de Minas Buenaventura S.A.A.

Several institutional investors have recently added to or reduced their stakes in BVN. Jane Street Group LLC raised its holdings in Compañía de Minas Buenaventura S.A.A. by 189.8% in the first quarter. Jane Street Group LLC now owns 346,379 shares of the mining company’s stock valued at $5,500,000 after acquiring an additional 732,158 shares in the last quarter. GAMMA Investing LLC increased its stake in Compañía de Minas Buenaventura S.A.A. by 16.8% during the second quarter. GAMMA Investing LLC now owns 4,968 shares of the mining company’s stock valued at $84,000 after purchasing an additional 716 shares during the last quarter. Csenge Advisory Group increased its stake 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 during the last quarter. Diversify Advisory Services LLC bought a new stake in Compañía de Minas Buenaventura S.A.A. during the second quarter valued at $243,000. Finally, Blue Trust Inc. increased its stake in Compañía de Minas Buenaventura S.A.A. by 530.7% during the second quarter. Blue Trust Inc. now owns 15,276 shares of the mining company’s stock valued at $243,000 after purchasing an additional 12,854 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.