Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Stock Price Up 3.3% – Should You Buy?

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

Wall Street Analyst Weigh In

Several equities analysts have commented on BVN shares. StockNews.com upgraded Compañía de Minas Buenaventura S.A.A. from a “hold” rating to a “buy” rating in a research report on Friday, December 27th. Morgan Stanley reduced their target price on shares of Compañía de Minas Buenaventura S.A.A. from $21.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, September 19th. Finally, Scotiabank upgraded shares of 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 report on Thursday, November 21st.

Compañía de Minas Buenaventura S.A.A. Stock Up 0.3 %

The stock has a 50-day moving average price of $12.36 and a 200-day moving average price of $13.69. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.40 and a quick ratio of 1.17. The company has a market capitalization of $3.21 billion, a P/E ratio of 8.98 and a beta of 0.81.

Institutional Investors Weigh In On Compañía de Minas Buenaventura S.A.A.

Large investors have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 7.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 180,824 shares of the mining company’s stock worth $3,065,000 after buying an additional 12,365 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in Compañía de Minas Buenaventura S.A.A. in the second quarter worth $347,000. Rhumbline Advisers grew its holdings in Compañía de Minas Buenaventura S.A.A. by 6.9% in the second quarter. Rhumbline Advisers now owns 59,819 shares of the mining company’s stock worth $1,014,000 after purchasing an additional 3,877 shares during the period. Acadian Asset Management LLC increased its stake in Compañía de Minas Buenaventura S.A.A. by 65.2% in the second quarter. Acadian Asset Management LLC now owns 326,206 shares of the mining company’s stock valued at $5,527,000 after purchasing an additional 128,736 shares in the last quarter. Finally, Caprock Group LLC acquired a new position in shares of Compañía de Minas Buenaventura S.A.A. during the second quarter valued at about $282,000.

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.