Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Downgraded to “Hold” Rating by StockNews.com

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

Several other brokerages have also issued reports on BVN. Morgan Stanley cut their target price 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. Scotiabank upgraded Compañía de Minas Buenaventura S.A.A. from a “sector underperform” rating to a “sector perform” rating and set a $15.00 price objective for the company in a research note on Thursday, November 21st.

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

NYSE:BVN traded down $0.09 on Thursday, hitting $12.46. The stock had a trading volume of 1,110,960 shares, compared to its average volume of 1,330,211. Compañía de Minas Buenaventura S.A.A. has a 52-week low of $11.61 and a 52-week high of $18.84. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 8.84 and a beta of 0.80. 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 simple moving average is $12.73 and its two-hundred day simple moving average is $14.21.

Institutional Investors 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 company. Ashton Thomas Private Wealth LLC bought a new stake in Compañía de Minas Buenaventura S.A.A. during the second quarter valued at about $35,000. EverSource Wealth Advisors LLC grew its position in shares of Compañía de Minas Buenaventura S.A.A. by 63.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,709 shares of the mining company’s stock worth $42,000 after purchasing an additional 1,054 shares in the last quarter. Employees Retirement System of Texas bought a new stake in Compañía de Minas Buenaventura S.A.A. during the 2nd quarter valued at approximately $47,000. Point72 Hong Kong Ltd purchased a new position in Compañía de Minas Buenaventura S.A.A. in the 3rd quarter worth approximately $56,000. Finally, Headlands Technologies LLC bought a new position in Compañía de Minas Buenaventura S.A.A. in the 2nd quarter worth approximately $80,000.

About Compañía de Minas Buenaventura S.A.A.

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.