Compania de Minas Buenaventura SAA (NYSE:BVN) shares dropped 1.4% during mid-day trading on Thursday . The company traded as low as $12.15 and last traded at $12.70, with a volume of 759,670 shares trading hands. The stock had previously closed at $12.88.

BVN has been the topic of a number of recent research reports. Morgan Stanley lowered shares of Compania de Minas Buenaventura SAA from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $6.20 to $7.90 in a report on Friday, April 15th. HSBC lowered shares of Compania de Minas Buenaventura SAA from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th. Zacks Investment Research upgraded shares of Compania de Minas Buenaventura SAA from a “hold” rating to a “buy” rating and set a $8.75 target price on the stock in a report on Thursday, April 14th. Bank of America Corp. upgraded shares of Compania de Minas Buenaventura SAA from a “neutral” rating to a “buy” rating and upped their target price for the company from $10.00 to $14.00 in a report on Tuesday, June 28th. Finally, TheStreet upgraded shares of Compania de Minas Buenaventura SAA from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $9.89.

The company’s market capitalization is $3.20 billion. The company’s 50-day moving average price is $10.80 and its 200-day moving average price is $7.37.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in BVN. 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 during the last quarter. 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 during the last quarter. TSP Capital Management Group LLC raised its position in 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 last quarter. Morgan Stanley raised its position in Compania de Minas Buenaventura SAA by 25.8% in the fourth quarter. Morgan Stanley now owns 5,411,756 shares of the mining company’s stock worth $23,162,000 after buying an additional 1,108,713 shares during the last quarter. Finally, 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 during 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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