Compania de Minas Buenaventura SAA (NYSE:BVN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Monday.

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. “

A number of other research analysts also recently weighed in on BVN. Goldman Sachs Group began coverage on Compania de Minas Buenaventura SAA in a research note on Tuesday, February 19th. They issued a “sell” rating on the stock. Morgan Stanley downgraded Compania de Minas Buenaventura SAA from an “overweight” rating to an “equal weight” rating in a research note on Monday, February 25th. Finally, Scotiabank downgraded Compania de Minas Buenaventura SAA from a “sector perform” rating to an “underperform” rating in a research note on Friday, January 18th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Compania de Minas Buenaventura SAA has an average rating of “Sell” and a consensus price target of $17.00.

Shares of BVN stock traded down $0.40 during trading hours on Monday, reaching $16.74. The company had a trading volume of 1,076,376 shares, compared to its average volume of 1,340,823. The company has a quick ratio of 1.57, a current ratio of 1.91 and a debt-to-equity ratio of 0.18. The company has a market cap of $4.35 billion, a P/E ratio of 52.31 and a beta of 0.51. Compania de Minas Buenaventura SAA has a 1-year low of $11.67 and a 1-year high of $17.31.

Institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp increased its holdings in Compania de Minas Buenaventura SAA by 122.5% during the 4th quarter. Van ECK Associates Corp now owns 34,458,637 shares of the mining company’s stock worth $558,919,000 after purchasing an additional 18,971,580 shares in the last quarter. BlackRock Inc. increased its holdings in Compania de Minas Buenaventura SAA by 4.9% during the 3rd quarter. BlackRock Inc. now owns 15,505,739 shares of the mining company’s stock worth $207,932,000 after purchasing an additional 722,222 shares in the last quarter. FMR LLC increased its holdings in Compania de Minas Buenaventura SAA by 7.7% during the 4th quarter. FMR LLC now owns 13,958,480 shares of the mining company’s stock worth $226,407,000 after purchasing an additional 993,079 shares in the last quarter. Vanguard Group Inc. increased its holdings in Compania de Minas Buenaventura SAA by 4.1% during the 3rd quarter. Vanguard Group Inc. now owns 7,444,281 shares of the mining company’s stock worth $99,828,000 after purchasing an additional 295,174 shares in the last quarter. Finally, Vanguard Group Inc increased its holdings in Compania de Minas Buenaventura SAA by 4.1% during the 3rd quarter. Vanguard Group Inc now owns 7,444,281 shares of the mining company’s stock worth $99,828,000 after purchasing an additional 295,174 shares in the last quarter. 60.04% of the stock is currently owned by institutional investors and hedge funds.

About Compania de Minas Buenaventura SAA

Compañía de Minas Buenaventura SAA., a precious metals company, engages in the exploration, mining, and processing of gold, silver, lead, zinc, and copper metals in Peru, the United States, Europe, and Asia. The company operates five operating mining units, including Uchucchacua, Orcopampa, Julcani, Mallay, and Tambomayo in Peru; and San Gabriel, a mining unit under development stage.

Read More: What are the most popular ETFs

Get a free copy of the Zacks research report on Compania de Minas Buenaventura SAA (BVN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Compania de Minas Buenaventura SAA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compania de Minas Buenaventura SAA and related companies with MarketBeat.com's FREE daily email newsletter.