Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Upgraded at Scotiabank

Scotiabank upgraded shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) from a sector underperform rating to a sector perform rating in a research note issued to investors on Thursday morning, Marketbeat reports. They currently have $15.00 target price on the mining company’s stock.

Separately, Morgan Stanley cut 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 report on Thursday, September 19th.

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

Shares of BVN opened at $12.06 on Thursday. The stock has a 50 day moving average of $13.20 and a 200 day moving average of $14.87. The company has a current ratio of 1.40, a quick ratio of 1.17 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. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 8.55 and a beta of 0.83.

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

Several institutional investors have recently bought and sold shares of BVN. Russell Investments Group Ltd. lifted its position in shares of Compañía de Minas Buenaventura S.A.A. by 147.7% during the 1st quarter. Russell Investments Group Ltd. now owns 85,040 shares of the mining company’s stock valued at $1,350,000 after buying an additional 50,711 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in Compañía de Minas Buenaventura S.A.A. during the first quarter worth about $188,000. CANADA LIFE ASSURANCE Co increased its stake in shares of Compañía de Minas Buenaventura S.A.A. by 57.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 243,508 shares of the mining company’s stock worth $3,866,000 after purchasing an additional 88,800 shares in the last quarter. Bayesian Capital Management LP bought a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the first quarter valued at approximately $182,000. Finally, Jane Street Group LLC lifted its stake in shares of Compañía de Minas Buenaventura S.A.A. by 189.8% during the 1st quarter. Jane Street Group LLC now owns 346,379 shares of the mining company’s stock valued at $5,500,000 after buying an additional 732,158 shares in the last quarter.

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.