Compania de Minas Buenaventura SAA (NYSE:BVN) shares were down 2.3% on Friday . The company traded as low as $14.76 and last traded at $15.20, with a volume of 774,838 shares changing hands. The stock had previously closed at $15.55.

A number of research analysts have weighed in on BVN shares. HSBC downgraded Compania de Minas Buenaventura SAA from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th. TheStreet raised Compania de Minas Buenaventura SAA from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th. Morgan Stanley downgraded Compania de Minas Buenaventura SAA from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $6.20 to $7.90 in a report on Friday, April 15th. Zacks Investment Research raised 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 report on Thursday, April 14th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $11.00 target price on shares of Compania de Minas Buenaventura SAA in a report on Monday, May 2nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $9.89.

The stock has a 50 day moving average of $12.70 and a 200-day moving average of $8.70. The firm’s market capitalization is $3.81 billion.

Compania de Minas Buenaventura SAA (NYSE:BVN) last announced its earnings results on Wednesday, July 27th. The mining company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.12. On average, equities analysts forecast that Compania de Minas Buenaventura SAA will post $0.66 EPS for the current fiscal year.

Other hedge funds and institutional investors have made changes to their positions in the company. 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 valued at $1,695,000 after buying an additional 212,857 shares during the period. 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 valued at $4,242,000 after buying an additional 142,693 shares during the period. 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 valued at $8,358,000 after buying an additional 704,730 shares during the period. Finally, 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 valued at $23,162,000 after buying an additional 1,108,713 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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