Compania de Minas Buenaventura SAA (NYSE:BVN) shot up 3.9% on Wednesday . The stock traded as high as $12.73 and last traded at $12.71, with a volume of 1,123,745 shares traded. The stock had previously closed at $12.23.

Several brokerages have weighed in on BVN. TheStreet raised Compania de Minas Buenaventura SAA from a “sell” rating to a “hold” rating in a research report on Wednesday, June 29th. Bank of America Corp. raised shares of Compania de Minas Buenaventura SAA from a “neutral” rating to a “buy” rating and increased their target price for the stock from $10.00 to $14.00 in a research note on Tuesday, June 28th. HSBC raised shares of Compania de Minas Buenaventura SAA from a “hold” rating to a “buy” rating in a research note on Thursday, May 5th. JPMorgan Chase & Co. reissued a “buy” rating and set a $11.00 target price on shares of Compania de Minas Buenaventura SAA in a research note on Monday, May 2nd. Finally, Morgan Stanley lowered shares of Compania de Minas Buenaventura SAA from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $6.20 to $7.90 in a research note on Friday, April 15th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $9.89.

The company’s market cap is $3.32 billion. The firm’s 50-day moving average price is $10.65 and its 200 day moving average price is $7.30.

A number of large investors recently made changes to their positions in the stock. TSP Capital Management Group LLC boosted its stake in shares of Compania de Minas Buenaventura SAA by 0.4% in the fourth quarter. TSP Capital Management Group LLC now owns 967,850 shares of the mining company’s stock worth $4,142,000 after buying an additional 3,949 shares during the period. Shell Asset Management Co. raised its position in Compania de Minas Buenaventura SAA by 6.5% in the fourth quarter. Shell Asset Management Co. now owns 450,492 shares of the mining company’s stock worth $1,928,000 after buying an additional 27,363 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Compania de Minas Buenaventura SAA by 16.8% in the fourth quarter. BNP Paribas Arbitrage SA now owns 991,074 shares of the mining company’s stock worth $4,242,000 after buying an additional 142,693 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. raised its position in Compania de Minas Buenaventura SAA by 112.2% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 402,644 shares of the mining company’s stock worth $1,695,000 after buying an additional 212,857 shares in the last quarter. Finally, Schroder Investment Management Group raised its position in Compania de Minas Buenaventura SAA by 56.5% in the fourth quarter. Schroder Investment Management Group now owns 1,952,857 shares of the mining company’s stock worth $8,358,000 after buying an additional 704,730 shares in the last quarter.

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.

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