Compania de Minas Buenaventura SAA (NYSE:BVN) dropped 1.9% during trading on Wednesday . The company traded as low as $12.02 and last traded at $12.38, with a volume of 558,557 shares changing hands. The stock had previously closed at $12.62.

A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Compania de Minas Buenaventura SAA from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a research report on Thursday, April 14th. Bank of America Corp. upgraded shares of Compania de Minas Buenaventura SAA from a “neutral” rating to a “buy” rating and increased their price objective 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. restated a “buy” rating and set a $11.00 price objective on shares of Compania de Minas Buenaventura SAA in a research report on Monday, May 2nd. Finally, Morgan Stanley downgraded shares of Compania de Minas Buenaventura SAA from an “overweight” rating to an “equal weight” rating and increased their price objective 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 currently has a consensus rating of “Buy” and a consensus price target of $9.89.

The firm’s market cap is $3.25 billion. The firm has a 50-day moving average of $11.62 and a 200-day moving average of $7.94.

Other hedge funds and institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its position in shares of 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. Schroder Investment Management Group increased its position in shares of 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. TSP Capital Management Group LLC increased its position in shares of 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. Morgan Stanley increased its position in shares of 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. Finally, Mizuho Trust & Banking Co. Ltd. increased its position in shares of 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 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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