Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Downgraded by StockNews.com to Hold

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

A number of other research firms also recently issued reports on BVN. Scotiabank raised Compañía de Minas Buenaventura S.A.A. from a “sector underperform” rating to a “sector perform” rating and set a $15.00 price objective on the stock in a research note on Thursday, November 21st. Morgan Stanley reduced their price target 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 research report on Thursday, September 19th.

Compañía de Minas Buenaventura S.A.A. Price Performance

Shares of BVN stock traded down $0.09 during trading hours on Thursday, hitting $12.46. The stock had a trading volume of 1,110,960 shares, compared to its average volume of 1,330,211. 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 stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 8.84 and a beta of 0.80. Compañía de Minas Buenaventura S.A.A. has a one year low of $11.61 and a one year high of $18.84. The stock’s 50-day moving average price is $12.73 and its two-hundred day moving average price is $14.21.

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

Several large investors have recently modified their holdings of BVN. Sei Investments Co. boosted its stake in shares of Compañía de Minas Buenaventura S.A.A. by 0.4% during the 2nd quarter. Sei Investments Co. now owns 200,705 shares of the mining company’s stock worth $3,402,000 after purchasing an additional 800 shares during the period. Diversify Wealth Management LLC lifted its stake in Compañía de Minas Buenaventura S.A.A. by 2.4% in the third quarter. Diversify Wealth Management LLC now owns 37,092 shares of the mining company’s stock worth $501,000 after purchasing an additional 876 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Compañía de Minas Buenaventura S.A.A. by 18.7% during the third quarter. GAMMA Investing LLC now owns 5,897 shares of the mining company’s stock valued at $82,000 after buying an additional 929 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Compañía de Minas Buenaventura S.A.A. by 63.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,709 shares of the mining company’s stock valued at $42,000 after buying an additional 1,054 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Compañía de Minas Buenaventura S.A.A. during the second quarter valued at approximately $35,000.

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.