Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Stock Price Up 3.3% – Here’s What Happened

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)’s stock price shot up 3.3% during mid-day trading on Wednesday . The stock traded as high as $12.55 and last traded at $12.52. 115,609 shares were traded 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.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BVN shares. Morgan Stanley lowered their price target on 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. StockNews.com raised Compañía de Minas Buenaventura S.A.A. from a “hold” rating to a “buy” rating in a report on Friday, December 27th. Finally, 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 target for the company in a report on Thursday, November 21st.

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

The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 8.98 and a beta of 0.81. The company’s 50-day simple moving average is $12.36 and its 200-day simple moving average is $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.

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

Several institutional investors and hedge funds have recently modified their holdings of BVN. Ashton Thomas Private Wealth LLC bought a new position in shares of Compañía de Minas Buenaventura S.A.A. in the second quarter worth $35,000. EverSource Wealth Advisors LLC grew its stake in 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 worth $42,000 after buying an additional 1,054 shares in the last quarter. Employees Retirement System of Texas bought a new position in Compañía de Minas Buenaventura S.A.A. in the 2nd quarter valued at about $47,000. Point72 Hong Kong Ltd acquired a new position in shares of Compañía de Minas Buenaventura S.A.A. in the 3rd quarter valued at approximately $56,000. Finally, Headlands Technologies LLC acquired a new position in shares of Compañía de Minas Buenaventura S.A.A. in the 2nd quarter valued at approximately $80,000.

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.