Compania de Minas Buenaventura SAA (NYSE:BVN) has received an average rating of “Hold” from the seven ratings firms that are presently covering the stock. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $10.97.

Several brokerages recently weighed in on BVN. Zacks Investment Research cut Compania de Minas Buenaventura SAA from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. TheStreet upgraded Compania de Minas Buenaventura SAA from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th. Finally, Bank of America Corp. upgraded Compania de Minas Buenaventura SAA from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $10.00 to $14.00 in a report on Tuesday, June 28th.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Compania de Minas Buenaventura SAA during the first quarter valued at about $13,453,000. Emerald Acquisition Ltd. purchased a new position in shares of Compania de Minas Buenaventura SAA during the second quarter valued at about $20,474,000. Arlington Capital Management Inc. purchased a new position in shares of Compania de Minas Buenaventura SAA during the second quarter valued at about $12,159,000. Bank of Nova Scotia raised its position in shares of Compania de Minas Buenaventura SAA by 104.4% in the second quarter. Bank of Nova Scotia now owns 1,706,386 shares of the mining company’s stock valued at $20,392,000 after buying an additional 871,425 shares in the last quarter. Finally, RWC Asset Management LLP raised its position in shares of Compania de Minas Buenaventura SAA by 67.2% in the second quarter. RWC Asset Management LLP now owns 1,764,456 shares of the mining company’s stock valued at $21,085,000 after buying an additional 709,282 shares in the last quarter. 51.64% of the stock is owned by hedge funds and other institutional investors.

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Compania de Minas Buenaventura SAA (NYSE:BVN) traded down 0.8459% during midday trading on Tuesday, hitting $14.0303. The stock had a trading volume of 557,901 shares. The firm’s 50-day moving average price is $14.63 and its 200 day moving average price is $10.91. The company’s market cap is $3.54 billion. Compania de Minas Buenaventura SAA has a 12 month low of $3.30 and a 12 month high of $16.45.

Compania de Minas Buenaventura SAA (NYSE:BVN) last issued its earnings results on Wednesday, July 27th. The mining company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.12. Compania de Minas Buenaventura SAA had a negative return on equity of 5.79% and a negative net margin of 21.83%. On average, analysts expect that Compania de Minas Buenaventura SAA will post $0.73 earnings per share for the current fiscal year.

About Compania de Minas Buenaventura SAA

Compania de Minas Buenaventura SAA (Buenaventura) is a Peru-based mining company engaged in the exploration, mining, smelting and commercialization of gold and silver, as well as other metals and minerals. The Company operates directly seven Peruvian mining units located in Uchucchacua, Orcopampa, Poracota, Julcani, Recuperada, Antapite and Ishihuinca; as well as indirectly the mines of Shila-Paula, La Zanja and Colquijirca.

5 Day Chart for NYSE:BVN

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