Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Trading 3.3% Higher – Time to Buy?

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)’s stock price was up 3.3% on Wednesday . The company traded as high as $12.55 and last traded at $12.52. Approximately 115,609 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 667,300 shares. The stock had previously closed at $12.12.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BVN. Morgan Stanley lowered their price target on shares of Compañía de Minas Buenaventura S.A.A. from $21.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, September 19th. StockNews.com upgraded shares of Compañía de Minas Buenaventura S.A.A. from a “hold” rating to a “buy” rating in a report on Friday, December 27th. Finally, Scotiabank raised Compañía de Minas Buenaventura S.A.A. from a “sector underperform” rating to a “sector perform” rating and set a $15.00 price target on the stock in a research report on Thursday, November 21st.

Compañía de Minas Buenaventura S.A.A. Trading Up 4.3 %

The company has a market cap of $3.21 billion, a P/E ratio of 8.96 and a beta of 0.81. The company has a current ratio of 1.40, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The stock’s 50 day moving average is $12.38 and its 200-day moving average is $13.71.

Hedge Funds Weigh In On Compañía de Minas Buenaventura S.A.A.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sei Investments Co. boosted its stake in shares of Compañía de Minas Buenaventura S.A.A. by 0.4% in the 2nd quarter. Sei Investments Co. now owns 200,705 shares of the mining company’s stock worth $3,402,000 after buying an additional 800 shares during the last quarter. Diversify Wealth Management LLC increased its stake in shares of Compañía de Minas Buenaventura S.A.A. by 2.4% in the third quarter. Diversify Wealth Management LLC now owns 37,092 shares of the mining company’s stock worth $501,000 after purchasing an additional 876 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Compañía de Minas Buenaventura S.A.A. by 18.7% during the 3rd quarter. GAMMA Investing LLC now owns 5,897 shares of the mining company’s stock valued at $82,000 after purchasing an additional 929 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Compañía de Minas Buenaventura S.A.A. by 63.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,709 shares of the mining company’s stock valued at $42,000 after buying an additional 1,054 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Compañía de Minas Buenaventura S.A.A. in the second quarter valued at about $35,000.

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.