Zacks Investment Research downgraded shares of Compania de Minas Buenaventura SAA (NYSE:BVN) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning.

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 equities research analysts have also issued research reports about the stock. Bank of America Corp. raised shares of Compania de Minas Buenaventura SAA from a neutral rating to a buy rating and lifted their target price for the company from $10.00 to $14.00 in a research note on Tuesday, June 28th. TheStreet raised shares of Compania de Minas Buenaventura SAA from a sell rating to a hold rating in a research note on Wednesday, June 29th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Compania de Minas Buenaventura SAA currently has a consensus rating of Buy and an average price target of $11.98.

Compania de Minas Buenaventura SAA (NYSE:BVN) traded down 0.40% on Monday, hitting $12.42. 154,642 shares of the stock were exchanged. The company has a 50-day moving average of $13.79 and a 200-day moving average of $11.73. Compania de Minas Buenaventura SAA has a 12 month low of $3.30 and a 12 month high of $16.45. The stock’s market cap is $3.13 billion.

Compania de Minas Buenaventura SAA (NYSE:BVN) last announced its earnings results on Wednesday, July 27th. The mining company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.12. Compania de Minas Buenaventura SAA had a negative net margin of 21.83% and a negative return on equity of 5.79%. On average, equities analysts predict that Compania de Minas Buenaventura SAA will post $0.75 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BVN. Rational Advisors LLC bought a new position in Compania de Minas Buenaventura SAA during the second quarter valued at $105,000. Global X Management Co. LLC boosted its position in Compania de Minas Buenaventura SAA by 7.7% in the second quarter. Global X Management Co. LLC now owns 11,628 shares of the mining company’s stock valued at $139,000 after buying an additional 836 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Compania de Minas Buenaventura SAA during the second quarter valued at $145,000. Timber Hill LLC bought a new position in Compania de Minas Buenaventura SAA during the second quarter valued at $146,000. Finally, Janus Capital Management LLC bought a new position in Compania de Minas Buenaventura SAA during the second quarter valued at $177,000. 51.64% of the stock is owned by hedge funds and other institutional investors.

Compania de Minas Buenaventura SAA Company Profile

Compania de Minas Buenaventura SAA (Buenaventura) is a Peru-based mining company engaged in the exploration, mining, smelting and commercialization of gold and silver, as well as other metals and minerals. The Company operates directly seven Peruvian mining units located in Uchucchacua, Orcopampa, Poracota, Julcani, Recuperada, Antapite and Ishihuinca; as well as indirectly the mines of Shila-Paula, La Zanja and Colquijirca.

5 Day Chart for NYSE:BVN

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