Compania de Minas Buenaventura SAA (NYSE:BVN) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $13.10 and last traded at $12.97, with a volume of 730,279 shares changing hands. The stock had previously closed at $12.96.

A number of research analysts have recently issued reports on BVN shares. Morgan Stanley upgraded Compania de Minas Buenaventura SAA to an “outperform” rating in a report on Monday, March 28th. HSBC downgraded Compania de Minas Buenaventura SAA from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th. Zacks Investment Research upgraded Compania de Minas Buenaventura SAA from a “hold” rating to a “buy” rating and set a $8.75 price target on the stock in a report on Thursday, April 14th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $11.00 price target on shares of Compania de Minas Buenaventura SAA in a report on Monday, May 2nd. Finally, Bank of America Corp. upgraded Compania de Minas Buenaventura SAA from a “neutral” rating to a “buy” rating and lifted their price target for the company from $10.00 to $14.00 in a report on Tuesday, June 28th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Compania de Minas Buenaventura SAA has an average rating of “Buy” and an average target price of $9.89.

The firm has a 50 day moving average price of $10.89 and a 200-day moving average price of $7.44. The firm’s market capitalization is $3.31 billion.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Mizuho Trust & Banking Co. Ltd. boosted 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 period. Shell Asset Management Co. boosted 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 during the period. TSP Capital Management Group LLC boosted 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 period. BNP Paribas Arbitrage SA boosted 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 period. Finally, Schroder Investment Management Group boosted 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 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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