Buenaventura (NYSE:BVN) Raised to “Buy” at ValuEngine

Buenaventura (NYSE:BVN) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report released on Monday, April 2nd.

Several other research firms also recently commented on BVN. Zacks Investment Research raised shares of Buenaventura from a “sell” rating to a “hold” rating and set a $16.00 price target on the stock in a research note on Tuesday, February 6th. Citigroup raised shares of Buenaventura from a “neutral” rating to a “buy” rating in a research report on Thursday, January 18th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $16.65.

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Shares of BVN traded up $0.03 during midday trading on Monday, hitting $16.40. The stock had a trading volume of 1,296,640 shares, compared to its average volume of 1,326,146. The company has a market cap of $4,157.77, a P/E ratio of 44.32 and a beta of 1.10. Buenaventura has a 1 year low of $10.87 and a 1 year high of $16.80. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18.



Several large investors have recently added to or reduced their stakes in the company. US Bancorp DE boosted its stake in Buenaventura by 207.0% in the 4th quarter. US Bancorp DE now owns 7,426 shares of the mining company’s stock worth $105,000 after purchasing an additional 5,007 shares in the last quarter. Virtu Financial LLC boosted its stake in Buenaventura by 175.7% in the 3rd quarter. Virtu Financial LLC now owns 33,889 shares of the mining company’s stock worth $217,000 after purchasing an additional 21,595 shares in the last quarter. AMP Capital Investors Ltd purchased a new position in Buenaventura during the 4th quarter worth approximately $220,000. Mackenzie Financial Corp raised its position in Buenaventura by 91.0% during the 4th quarter. Mackenzie Financial Corp now owns 23,820 shares of the mining company’s stock worth $335,000 after buying an additional 11,348 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new position in Buenaventura during the 4th quarter worth approximately $495,000. Institutional investors and hedge funds own 49.69% of the company’s stock.

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Buenaventura Company Profile

Compañía de Minas Buenaventura SAA., a precious metals company, engages in the exploration, mining, and processing of gold, silver, lead, zinc, and copper metals in Peru. The company operates four directly operating mining units, including Orcopampa, Uchucchacua, Julcani, and Mallay; and two mining unites that are under development stage comprising Tambomayo and San Gabriel.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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