Buenaventura Mining Company Inc. (NYSE:BVN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.

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. “

BVN has been the topic of several other reports. Credit Suisse Group reaffirmed a “hold” rating on shares of Buenaventura Mining in a research report on Friday, July 28th. Morgan Stanley raised Buenaventura Mining from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $13.00 to $17.30 in a research report on Monday, September 25th. BidaskClub raised Buenaventura Mining from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Finally, Scotiabank raised Buenaventura Mining from an “underperform” rating to a “sector perform” rating in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $16.65.

Shares of Buenaventura Mining (BVN) traded up $0.44 on Wednesday, reaching $14.30. The company’s stock had a trading volume of 1,043,300 shares, compared to its average volume of 1,396,283. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.95 and a current ratio of 1.21. Buenaventura Mining has a 12 month low of $9.87 and a 12 month high of $14.96.

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Several large investors have recently bought and sold shares of BVN. Vanguard Group Inc. lifted its stake in Buenaventura Mining by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 6,001,103 shares of the mining company’s stock valued at $72,253,000 after buying an additional 126,988 shares in the last quarter. KCG Holdings Inc. purchased a new position in Buenaventura Mining in the 1st quarter valued at about $233,000. Schwab Charles Investment Management Inc. lifted its stake in Buenaventura Mining by 17.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 165,931 shares of the mining company’s stock valued at $1,998,000 after buying an additional 24,208 shares in the last quarter. Bank of Montreal Can lifted its stake in Buenaventura Mining by 48.1% in the 2nd quarter. Bank of Montreal Can now owns 112,772 shares of the mining company’s stock valued at $1,296,000 after buying an additional 36,604 shares in the last quarter. Finally, APG Asset Management N.V. lifted its stake in Buenaventura Mining by 3.5% in the 2nd quarter. APG Asset Management N.V. now owns 502,900 shares of the mining company’s stock valued at $5,783,000 after buying an additional 17,100 shares in the last quarter. Hedge funds and other institutional investors own 44.95% of the company’s stock.

Buenaventura Mining 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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