Compania de Minas Buenaventura SAA (NYSE:BVN)’s share price gapped up before the market opened on Friday . The stock had previously closed at $12.89, but opened at $13.17. Compania de Minas Buenaventura SAA shares last traded at $13.76, with a volume of 813,396 shares.

Several brokerages have recently issued reports on BVN. Bank of America Corp. upgraded Compania de Minas Buenaventura SAA from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $10.00 to $14.00 in a research report on Tuesday, June 28th. TheStreet upgraded Compania de Minas Buenaventura SAA from a “sell” rating to a “hold” rating in a research report on Wednesday, June 29th. Finally, HSBC upgraded Compania de Minas Buenaventura SAA from a “hold” rating to a “buy” rating in a research report on Thursday, May 5th. Three equities 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 a consensus price target of $10.27.

The firm has a 50 day moving average price of $14.18 and a 200-day moving average price of $10.13. The stock’s market capitalization is $3.50 billion.

Compania de Minas Buenaventura SAA (NYSE:BVN) last posted its quarterly earnings results on Wednesday, July 27th. The mining company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.12. Analysts predict 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 raised its stake 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 (SEC). The fund 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 approximately 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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