Compania de Minas Buenaventura SAA (NYSE:BVN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday.

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. “

Other equities analysts have also recently issued research reports about the company. Scotiabank upgraded Compania de Minas Buenaventura SAA from an “underperform” rating to a “sector perform” rating in a report on Monday, October 30th. Morgan Stanley upgraded 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 report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Compania de Minas Buenaventura SAA currently has a consensus rating of “Hold” and an average price target of $16.65.

Compania de Minas Buenaventura SAA (BVN) traded down $0.16 during midday trading on Friday, reaching $14.84. The company’s stock had a trading volume of 1,040,000 shares, compared to its average volume of 1,330,000. The stock has a market cap of $3,920.00, a PE ratio of -10.99 and a beta of 0.92. 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.

Several institutional investors have recently added to or reduced their stakes in BVN. FMR LLC boosted its stake in shares of Compania de Minas Buenaventura SAA by 74.5% during the 2nd quarter. FMR LLC now owns 8,204,360 shares of the mining company’s stock valued at $94,351,000 after buying an additional 3,502,137 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Compania de Minas Buenaventura SAA by 39.6% during the 2nd quarter. Macquarie Group Ltd. now owns 4,678,583 shares of the mining company’s stock valued at $53,806,000 after acquiring an additional 1,326,244 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Compania de Minas Buenaventura SAA by 9.1% during the 2nd quarter. Franklin Resources Inc. now owns 11,300,823 shares of the mining company’s stock valued at $129,943,000 after acquiring an additional 943,730 shares in the last quarter. Icon Advisers Inc. Co. acquired a new stake in shares of Compania de Minas Buenaventura SAA during the 2nd quarter valued at approximately $7,926,000. Finally, Majedie Asset Management Ltd raised its position in shares of Compania de Minas Buenaventura SAA by 48.9% during the 3rd quarter. Majedie Asset Management Ltd now owns 2,024,790 shares of the mining company’s stock valued at $25,897,000 after acquiring an additional 665,390 shares in the last quarter. Institutional investors own 45.27% of the company’s stock.

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About Compania de Minas Buenaventura SAA

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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