Buenaventura Mining Company Inc. (NYSE:BVN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.
According to Zacks, “COMPAÑÍA DE MINAS BUENAVENTURA is a leading mining company producing precious metals and holding mining rights in Peru. Since its inception in 1953, Buenaventura has focused on exploration and exploitation activities both by its own and through joint ventures. Buenaventura also is an important shareholder of Minera Yanacocha S.R.L., one of the leading gold producers in Latin America. “
Separately, HSBC Holdings plc downgraded shares of Buenaventura Mining Company from a “buy” rating to a “hold” rating and set a $15.10 target price for the company. in a research report on Thursday, November 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $12.60.
Buenaventura Mining Company (NYSE:BVN) opened at 13.71 on Monday. Buenaventura Mining Company has a 12-month low of $4.69 and a 12-month high of $16.45. The company’s market cap is $3.51 billion. The stock’s 50 day moving average is $13.12 and its 200 day moving average is $13.08.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BVN. Catalyst Capital Advisors LLC purchased a new stake in shares of Buenaventura Mining Company during the third quarter worth approximately $111,000. AQR Capital Management LLC purchased a new stake in shares of Buenaventura Mining Company during the fourth quarter worth approximately $131,000. Sei Investments Co. boosted its stake in shares of Buenaventura Mining Company by 2,398.3% in the third quarter. Sei Investments Co. now owns 11,667 shares of the mining company’s stock worth $161,000 after buying an additional 11,200 shares in the last quarter. Global X Management Co. LLC boosted its stake in shares of Buenaventura Mining Company by 7.3% in the third quarter. Global X Management Co. LLC now owns 12,480 shares of the mining company’s stock worth $173,000 after buying an additional 852 shares in the last quarter. Finally, ClariVest Asset Management LLC purchased a new stake in shares of Buenaventura Mining Company during the second quarter worth approximately $179,000. 50.86% of the stock is owned by institutional investors and hedge funds.
Buenaventura Mining Company Company Profile
Compania de Minas Buenaventura SAA. (Buenaventura) is a precious metals company. The Company is engaged in the exploration, mining and processing of gold, silver and other metals in Peru. The Company’s segments include Production and sale of minerals; Exploration and development activities; Construction and engineering services; Energy generation and transmission services; Insurance brokerage; Rental of mining concessions; Holding of investment in shares (mainly in Minera Yanacocha S.R.L.
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