Compania de Minas Buenaventura SAA (BVN) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of Compania de Minas Buenaventura SAA (NYSE:BVN) from a buy rating to a hold rating in a report released on Friday, January 5th.

According to Zacks, “COMPAÑÍA DE MINAS BUENAVENTURA is a leading mining company producing precious metals and holding mining rights in Peru. Since its inception in 1953, Buenaventura has focused on exploration and exploitation activities both by its own and through joint ventures. Buenaventura also is an important shareholder of Minera Yanacocha S.R.L., one of the leading gold producers in Latin America. “

Other research analysts have also issued reports about the stock. Morgan Stanley raised shares of Compania de Minas Buenaventura SAA from an equal weight rating to an overweight rating and raised their price objective for the stock from $13.00 to $17.30 in a report on Monday, September 25th. Scotiabank raised shares of Compania de Minas Buenaventura SAA from an underperform rating to a sector perform rating in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Compania de Minas Buenaventura SAA currently has a consensus rating of Hold and a consensus price target of $16.65.

Compania de Minas Buenaventura SAA (NYSE:BVN) opened at $14.67 on Friday. The firm has a market cap of $3,611.70, a price-to-earnings ratio of -10.55 and a beta of 0.92. The company has a current ratio of 1.21, a quick ratio of 0.95 and a debt-to-equity ratio of 0.16. Compania de Minas Buenaventura SAA has a fifty-two week low of $10.87 and a fifty-two week high of $15.15.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Empirical Finance LLC acquired a new position in shares of Compania de Minas Buenaventura SAA in the 3rd quarter valued at about $140,000. Virtu Financial LLC boosted its holdings in shares of Compania de Minas Buenaventura SAA by 175.7% in the 3rd quarter. Virtu Financial LLC now owns 33,889 shares of the mining company’s stock valued at $217,000 after buying an additional 21,595 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of Compania de Minas Buenaventura SAA by 23.2% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 20,697 shares of the mining company’s stock valued at $265,000 after buying an additional 3,897 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Compania de Minas Buenaventura SAA by 18.7% in the 2nd quarter. Voya Investment Management LLC now owns 27,338 shares of the mining company’s stock valued at $314,000 after buying an additional 4,303 shares during the period. Finally, Stevens Capital Management LP acquired a new position in shares of Compania de Minas Buenaventura SAA in the 3rd quarter valued at about $372,000. 45.27% of the stock is owned by institutional investors and hedge funds.

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Compania de Minas Buenaventura SAA Company Profile

Compania de Minas Buenaventura SAA. (Buenaventura) is a precious metals company. The Company is engaged in the exploration, mining and processing of gold, silver and other metals in Peru. The Company’s segments include Production and sale of minerals; Exploration and development activities; Construction and engineering services; Energy generation and transmission services; Insurance brokerage; Rental of mining concessions; Holding of investment in shares (mainly in Minera Yanacocha S.R.L.

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