Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Sees Large Volume Increase

Compañía de Minas Buenaventura S.A.A. (NYSE:BVNGet Rating) saw unusually-strong trading volume on Tuesday . Approximately 28,161 shares traded hands during trading, a decline of 98% from the previous session’s volume of 1,437,732 shares.The stock last traded at $8.07 and had previously closed at $7.74.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on BVN shares. Citigroup raised their price objective on Compañía de Minas Buenaventura S.A.A. from $6.00 to $7.00 in a research report on Thursday, October 13th. StockNews.com started coverage on Compañía de Minas Buenaventura S.A.A. in a research report on Wednesday, October 12th. They set a “sell” rating for the company.

Compañía de Minas Buenaventura S.A.A. Trading Up 0.5 %

The company has a market cap of $2.08 billion, a PE ratio of 5.97 and a beta of 0.42. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.80 and a quick ratio of 1.52. The company has a 50-day moving average of $6.93 and a 200 day moving average of $6.78.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BVN. Advisor Group Holdings Inc. grew its position in Compañía de Minas Buenaventura S.A.A. by 14,350.0% in the first quarter. Advisor Group Holdings Inc. now owns 7,225 shares of the mining company’s stock worth $73,000 after acquiring an additional 7,175 shares in the last quarter. Polunin Capital Partners Ltd grew its position in Compañía de Minas Buenaventura S.A.A. by 12.4% in the first quarter. Polunin Capital Partners Ltd now owns 5,029,621 shares of the mining company’s stock worth $50,648,000 after acquiring an additional 554,610 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Compañía de Minas Buenaventura S.A.A. by 5.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,281,717 shares of the mining company’s stock valued at $53,187,000 after buying an additional 268,279 shares during the period. Rational Advisors LLC purchased a new position in shares of Compañía de Minas Buenaventura S.A.A. during the first quarter valued at approximately $44,000. Finally, Van ECK Associates Corp boosted its position in shares of Compañía de Minas Buenaventura S.A.A. by 7.2% during the first quarter. Van ECK Associates Corp now owns 24,450,523 shares of the mining company’s stock valued at $246,217,000 after buying an additional 1,648,500 shares during the period. Hedge funds and other institutional investors own 50.50% of the company’s stock.

About Compañía de Minas Buenaventura S.A.A.

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Compañía de Minas Buenaventura SAA. engages in the exploration, mining development, processing, and trading of precious and base metals. The company explores for gold, silver, lead, zinc, and copper metals. It operates operating mining units, including Tambomayo located in the Caylloma province, Orcopampa Unit located in the province of Castilla, Uchucchacua located in province of Oyón, Julcani located in province of Angaraes, Peru, as well as San Gabrie located in the province of General Sánchez Cerro, in the Moquegua region.

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