Compania de Minas Buenaventura SAA (NYSE:BVN) shares were up 1.2% on Wednesday . The stock traded as high as $12.94 and last traded at $12.77, with a volume of 1,113,908 shares changing hands. The stock had previously closed at $12.62.

Several research analysts have weighed in on BVN shares. Zacks Investment Research raised shares of 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. Bank of America Corp. raised shares of Compania de Minas Buenaventura SAA from a “neutral” rating to a “buy” rating and raised their target price for the stock from $10.00 to $14.00 in a report on Tuesday, June 28th. HSBC raised shares of Compania de Minas Buenaventura SAA from a “hold” rating to a “buy” rating in a report on Thursday, May 5th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $11.00 target price on shares of Compania de Minas Buenaventura SAA in a report on Monday, May 2nd. Finally, Morgan Stanley cut shares of Compania de Minas Buenaventura SAA from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $6.20 to $7.90 in a report on Friday, April 15th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $9.89.

The stock has a 50 day moving average of $11.16 and a 200-day moving average of $7.63. The stock’s market cap is $3.30 billion.

A number of hedge funds and institutional investors recently added to or reduced their stakes in the stock. Morgan Stanley boosted 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. 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 last quarter. 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 last quarter. 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 last quarter. Finally, 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 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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