Compania de Minas Buenaventura SAA (NYSE:BVN) shares shot up 4.5% on Thursday . The stock traded as high as $12.94 and last traded at $12.92, with a volume of 880,722 shares trading hands. The stock had previously closed at $12.36.

Several brokerages have recently weighed in on BVN. Bank of America Corp. upgraded shares of Compania de Minas Buenaventura SAA from a “neutral” rating to a “buy” rating and upped their target price for the company from $10.00 to $14.00 in a research note on Tuesday, June 28th. TheStreet upgraded shares of Compania de Minas Buenaventura SAA from a “sell” rating to a “hold” rating in a research note on Wednesday, June 29th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $10.27.

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

Compania de Minas Buenaventura SAA (NYSE:BVN) last posted its quarterly earnings results on Wednesday, July 27th. The mining company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.11 by $0.12. Analysts anticipate that Compania de Minas Buenaventura SAA will post $0.68 EPS for the current fiscal year.

An institutional investor recently raised its position in Compania de Minas Buenaventura SAA stock. BNP Paribas Arbitrage SA increased its stake in Compania de Minas Buenaventura SAA (NYSE:BVN) by 16.8% during the fourth quarter, according to its most recent disclosure with the SEC. 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 at the end of the most recent reporting 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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