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

A number of research firms have recently commented on BVN. TheStreet upgraded shares of 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. upgraded 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 report on Tuesday, June 28th. HSBC upgraded shares of Compania de Minas Buenaventura SAA from a “hold” rating to a “buy” rating in a research report on Thursday, May 5th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $11.00 target price on shares of Compania de Minas Buenaventura SAA in a research report 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 lifted their target price for the company from $6.20 to $7.90 in a research report on Friday, April 15th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Compania de Minas Buenaventura SAA presently has an average rating of “Buy” and an average target price of $9.89.

The company has a 50-day moving average of $10.80 and a 200-day moving average of $7.37. The firm’s market cap is $3.27 billion.

Several large investors have added to or reduced their stakes in the stock. Commerzbank Aktiengesellschaft FI raised its stake in Compania de Minas Buenaventura SAA by 83.5% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 1,723,938 shares of the mining company’s stock valued at $7,378,000 after buying an additional 784,271 shares during the last quarter. Schroder Investment Management Group raised its stake 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 valued at $8,358,000 after buying an additional 704,730 shares in the last quarter. Shell Asset Management Co. raised its stake 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 valued at $1,928,000 after buying an additional 27,363 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. raised its stake 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 valued at $1,695,000 after buying an additional 212,857 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake 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 valued at $4,242,000 after buying an additional 142,693 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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