Compania de Minas Buenaventura SAA (NYSE:BVN) reached 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 trading hands. The stock had previously closed at $12.96.

A number of equities research analysts have issued reports on the company. Morgan Stanley cut Compania de Minas Buenaventura SAA from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $6.20 to $7.90 in a research note on Friday, April 15th. Zacks Investment Research upgraded 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 research note on Thursday, April 14th. HSBC cut Compania de Minas Buenaventura SAA from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th. TheStreet upgraded 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. upgraded Compania de Minas Buenaventura SAA from a “neutral” rating to a “buy” rating and raised their target price for the company from $10.00 to $14.00 in a research note on Tuesday, June 28th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $9.89.

The company’s market cap is $3.25 billion. The firm’s 50 day moving average price is $11.06 and its 200 day moving average price is $7.59.

Several hedge funds have recently added to or reduced their stakes in the stock. Mizuho Trust & Banking Co. Ltd. boosted 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 in the last quarter. Shell Asset Management Co. boosted 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 in the last quarter. TSP Capital Management Group LLC boosted 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 in the last quarter. BNP Paribas Arbitrage SA boosted 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 worth $4,242,000 after buying an additional 142,693 shares in the last quarter. Finally, Schroder Investment Management Group boosted 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 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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