Compania de Minas Buenaventura SAA (NYSE:BVN) saw unusually-high trading volume on Wednesday . Approximately 1,174,870 shares changed hands during mid-day trading, a decline of 8% from the previous session’s volume of 1,283,730 shares.The stock last traded at $13.79 and had previously closed at $14.38.

BVN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $11.00 price target on shares of Compania de Minas Buenaventura SAA in a research note on Monday, May 2nd. HSBC raised Compania de Minas Buenaventura SAA from a “hold” rating to a “buy” rating in a research note on Thursday, May 5th. Bank of America Corp. raised Compania de Minas Buenaventura SAA from a “neutral” rating to a “buy” rating and raised their price target for the stock from $10.00 to $14.00 in a research note on Tuesday, June 28th. Finally, TheStreet raised Compania de Minas Buenaventura SAA from a “sell” rating to a “hold” rating in a research note on Wednesday, June 29th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Compania de Minas Buenaventura SAA presently has an average rating of “Buy” and an average price target of $9.89.

The stock’s market capitalization is $3.51 billion. The company’s 50-day moving average is $14.09 and its 200 day moving average is $9.81.

Compania de Minas Buenaventura SAA (NYSE:BVN) last released its earnings results on Wednesday, July 27th. The mining company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.12. On average, equities research analysts forecast that Compania de Minas Buenaventura SAA will post $0.68 EPS for the current fiscal year.

A hedge fund recently raised its stake in Compania de Minas Buenaventura SAA stock. BNP Paribas Arbitrage SA increased its stake in shares of Compania de Minas Buenaventura SAA (NYSE:BVN) by 16.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 991,074 shares of the mining company’s stock after buying an additional 142,693 shares during the period. BNP Paribas Arbitrage SA owned about 0.38% of Compania de Minas Buenaventura SAA worth $4,242,000 at the end of the most recent 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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