Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Rating Increased to Sector Perform 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 report released on Thursday, MarketBeat reports. The brokerage currently has $15.00 price target on the mining company’s stock.

Separately, Morgan Stanley reduced their price objective 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. Stock Down 1.1 %

Compañía de Minas Buenaventura S.A.A. stock opened at $12.15 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.40 and a quick ratio of 1.17. Compañía de Minas Buenaventura S.A.A. has a 1-year low of $8.86 and a 1-year high of $18.84. The company’s 50-day moving average is $13.22 and its 200 day moving average is $14.92.

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

A number of institutional investors have recently modified their holdings of the stock. Tidal Investments LLC purchased a new position in shares of Compañía de Minas Buenaventura S.A.A. during the first quarter worth approximately $63,988,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Compañía de Minas Buenaventura S.A.A. by 203.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,243,163 shares of the mining company’s stock worth $17,205,000 after acquiring an additional 833,819 shares during the period. Sagil Capital LLP purchased a new position in shares of Compañía de Minas Buenaventura S.A.A. during the third quarter worth approximately $16,989,000. Geode Capital Management LLC increased its position in shares of Compañía de Minas Buenaventura S.A.A. by 2.2% during the third quarter. Geode Capital Management LLC now owns 964,014 shares of the mining company’s stock worth $13,225,000 after acquiring an additional 20,899 shares during the period. Finally, Jane Street Group LLC increased its position in shares of Compañía de Minas Buenaventura S.A.A. by 35.9% during the third quarter. Jane Street Group LLC now owns 958,956 shares of the mining company’s stock worth $13,272,000 after acquiring an additional 253,421 shares during the period.

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.