Compania de Minas Buenaventura SAA (NYSE:BVN)’s share price dropped 4.2% during mid-day trading on Tuesday . The company traded as low as $13.06 and last traded at $13.11, with a volume of 533,860 shares. The stock had previously closed at $13.69.

BVN has been the topic of a number of research reports. HSBC raised shares of Compania de Minas Buenaventura SAA from a “hold” rating to a “buy” rating in a research report on Thursday, May 5th. Bank of America Corp. raised shares of Compania de Minas Buenaventura SAA from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $10.00 to $14.00 in a research report on Tuesday, June 28th. Finally, TheStreet raised shares of Compania de Minas Buenaventura SAA from a “sell” rating to a “hold” rating in a research report on Wednesday, June 29th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $9.89.

The firm’s market cap is $3.08 billion. The stock’s 50 day moving average is $14.13 and its 200 day moving average is $10.08.

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

A hedge fund recently raised its stake in Compania de Minas Buenaventura SAA stock. BNP Paribas Arbitrage SA boosted its position in Compania de Minas Buenaventura SAA (NYSE:BVN) by 16.8% during the fourth quarter, according to its most recent Form 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 0.38% of Compania de Minas Buenaventura SAA worth $4,242,000 as of its most recent SEC filing.

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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