Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Short Interest Update

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 4,130,000 shares, an increase of 9.3% from the October 31st total of 3,780,000 shares. Based on an average daily volume of 1,280,000 shares, the short-interest ratio is presently 3.2 days. Approximately 1.6% of the shares of the company are sold short.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC bought a new position in Compañía de Minas Buenaventura S.A.A. in the 3rd quarter valued at about $153,000. Geode Capital Management LLC grew its position in Compañía de Minas Buenaventura S.A.A. by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 964,014 shares of the mining company’s stock valued at $13,225,000 after buying an additional 20,899 shares in the last quarter. Barclays PLC grew 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 valued at $2,232,000 after buying an additional 43,692 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Compañía de Minas Buenaventura S.A.A. in the 3rd quarter valued at about $148,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Compañía de Minas Buenaventura S.A.A. in the 3rd quarter valued at about $382,000.

Compañía de Minas Buenaventura S.A.A. Trading Up 0.8 %

Shares of Compañía de Minas Buenaventura S.A.A. stock traded up $0.10 during trading on Wednesday, hitting $12.28. 258,913 shares of the stock were exchanged, compared to its average volume of 1,342,681. The stock’s fifty day moving average is $12.99 and its 200 day moving average is $14.59. The company has a quick ratio of 1.17, a current ratio of 1.40 and a debt-to-equity ratio of 0.20. Compañía de Minas Buenaventura S.A.A. has a 12 month low of $8.86 and a 12 month high of $18.84.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BVN shares. StockNews.com upgraded shares of Compañía de Minas Buenaventura S.A.A. from a “hold” rating to a “buy” rating in a research report on Friday, November 22nd. 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 for the company in a research report on Thursday, November 21st. Finally, Morgan Stanley lowered their price target on shares of Compañía de Minas Buenaventura S.A.A. from $21.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, September 19th.

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.