Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Trading 3.3% Higher – Time to Buy?

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) shares shot up 3.3% on Wednesday . The stock traded as high as $12.55 and last traded at $12.52. 115,609 shares traded hands during 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

A number of analysts have issued reports on the stock. StockNews.com upgraded shares of Compañía de Minas Buenaventura S.A.A. from a “hold” rating to a “buy” rating in a report on Friday, December 27th. Scotiabank raised Compañía de Minas Buenaventura S.A.A. from a “sector underperform” rating to a “sector perform” rating and set a $15.00 target price on the stock in a report on Thursday, November 21st. Finally, Morgan Stanley dropped their price target on Compañía de Minas Buenaventura S.A.A. from $21.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, September 19th.

Compañía de Minas Buenaventura S.A.A. Stock Up 4.3 %

The firm has a market cap of $3.21 billion, a P/E ratio of 8.96 and a beta of 0.81. The company’s 50-day simple moving average is $12.38 and its 200 day simple moving average is $13.71. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.40 and a quick ratio of 1.17.

Hedge Funds Weigh In On Compañía de Minas Buenaventura S.A.A.

Institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC raised its position in Compañía de Minas Buenaventura S.A.A. by 37.2% in the 3rd quarter. Barclays PLC now owns 161,288 shares of the mining company’s stock worth $2,232,000 after purchasing an additional 43,692 shares during the period. Weiss Asset Management LP purchased a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the third quarter worth approximately $1,367,000. Sanctuary Advisors LLC purchased a new stake in Compañía de Minas Buenaventura S.A.A. in the 3rd quarter valued at about $153,000. Harbour Capital Advisors LLC purchased a new stake in Compañía de Minas Buenaventura S.A.A. in the 3rd quarter valued at about $629,000. Finally, FMR LLC grew its stake in Compañía de Minas Buenaventura S.A.A. by 245.4% in the 3rd quarter. FMR LLC now owns 17,552 shares of the mining company’s stock worth $243,000 after acquiring an additional 12,471 shares in the last quarter.

Compañía de Minas Buenaventura S.A.A. Company Profile

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.