Compania de Minas Buenaventura SAA (BVN) Upgraded to “Buy” by Zacks Investment Research

Zacks Investment Research upgraded shares of Compania de Minas Buenaventura SAA (NYSE:BVN) from a hold rating to a buy rating in a research note released on Wednesday morning. The firm currently has $16.00 target price on the mining company’s stock.

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. “

Several other research analysts also recently weighed in on BVN. Scotiabank upgraded shares of Compania de Minas Buenaventura SAA from an underperform rating to a sector perform rating in a research report on Monday, October 30th. Morgan Stanley upgraded shares of Compania de Minas Buenaventura SAA from an equal weight rating to an overweight rating and upped their price target for the stock from $13.00 to $17.30 in a research report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Compania de Minas Buenaventura SAA currently has an average rating of Hold and an average price target of $16.65.

Compania de Minas Buenaventura SAA (NYSE BVN) traded down $0.18 on Wednesday, hitting $14.84. 1,037,366 shares of the company traded hands, compared to its average volume of 1,330,000. Compania de Minas Buenaventura SAA has a 52-week low of $10.87 and a 52-week high of $15.15. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.95 and a current ratio of 1.21. The firm has a market cap of $3,970.00, a P/E ratio of -10.99 and a beta of 0.92.

A number of hedge funds have recently added to or reduced their stakes in the business. California Public Employees Retirement System raised its holdings in Compania de Minas Buenaventura SAA by 27.8% in the 3rd quarter. California Public Employees Retirement System now owns 342,889 shares of the mining company’s stock valued at $4,386,000 after acquiring an additional 74,583 shares during the last quarter. Virtu Financial LLC raised its holdings in Compania de Minas Buenaventura SAA by 175.7% in the 3rd quarter. Virtu Financial LLC now owns 33,889 shares of the mining company’s stock valued at $217,000 after acquiring an additional 21,595 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Compania de Minas Buenaventura SAA in the 3rd quarter valued at about $659,000. Jane Street Group LLC raised its holdings in Compania de Minas Buenaventura SAA by 2,006.2% in the 3rd quarter. Jane Street Group LLC now owns 290,042 shares of the mining company’s stock valued at $3,710,000 after acquiring an additional 276,271 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in Compania de Minas Buenaventura SAA by 36.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 193,561 shares of the mining company’s stock valued at $2,476,000 after acquiring an additional 51,477 shares during the last quarter. Institutional investors own 45.27% of the company’s stock.

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Compania de Minas Buenaventura SAA Company Profile

Compania de Minas Buenaventura SAA. (Buenaventura) is a precious metals company. The Company is engaged in the exploration, mining and processing of gold, silver and other metals in Peru. The Company’s segments include Production and sale of minerals; Exploration and development activities; Construction and engineering services; Energy generation and transmission services; Insurance brokerage; Rental of mining concessions; Holding of investment in shares (mainly in Minera Yanacocha S.R.L.

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