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

BVN has been the topic of a number of research reports. JPMorgan Chase & Co. reissued a “buy” rating and issued a $11.00 price objective on shares of Compania de Minas Buenaventura SAA in a research note on Monday, May 2nd. Morgan Stanley raised Compania de Minas Buenaventura SAA to an “outperform” rating in a research note on Monday, March 28th. HSBC raised Compania de Minas Buenaventura SAA from a “hold” rating to a “buy” rating in a research note on Thursday, May 5th. TheStreet raised Compania de Minas Buenaventura SAA from a “sell” rating to a “hold” rating in a research note on Wednesday, June 29th. Finally, Bank of America Corp. raised Compania de Minas Buenaventura SAA from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $10.00 to $14.00 in a research note on Tuesday, June 28th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Compania de Minas Buenaventura SAA presently has an average rating of “Buy” and an average price target of $9.89.

The firm’s market cap is $3.34 billion. The firm’s 50-day moving average price is $10.89 and its 200 day moving average price is $7.44.

A number of large investors have added to or reduced their stakes in BVN. 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 worth $7,378,000 after buying an additional 784,271 shares during the period. 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 worth $1,928,000 after buying an additional 27,363 shares during the period. 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 worth $1,695,000 after buying an additional 212,857 shares during the period. Morgan Stanley raised its stake 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 period. Finally, TSP Capital Management Group LLC raised its stake 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 period.

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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