Point72 Asia Singapore Pte. Ltd. Acquires New Stake in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 94,547 shares of the mining company's stock, valued at approximately $1,309,000.

Several other hedge funds have also added to or reduced their stakes in BVN. Ashton Thomas Private Wealth LLC acquired a new stake in Compañía de Minas Buenaventura S.A.A. during the second quarter worth approximately $35,000. EverSource Wealth Advisors LLC raised its position in shares of Compañía de Minas Buenaventura S.A.A. by 63.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,709 shares of the mining company's stock valued at $42,000 after buying an additional 1,054 shares in the last quarter. Employees Retirement System of Texas bought a new stake in shares of Compañía de Minas Buenaventura S.A.A. during the 2nd quarter worth approximately $47,000. Point72 Hong Kong Ltd acquired a new stake in shares of Compañía de Minas Buenaventura S.A.A. during the 3rd quarter worth approximately $56,000. Finally, Headlands Technologies LLC bought a new position in Compañía de Minas Buenaventura S.A.A. in the second quarter valued at approximately $80,000.

Wall Street Analyst Weigh In

BVN has been the topic of a number of research analyst reports. Morgan Stanley reduced their target price on Compañía de Minas Buenaventura S.A.A. from $21.00 to $18.00 and set an "overweight" rating on the stock in a report on Thursday, September 19th. StockNews.com raised Compañía de Minas Buenaventura S.A.A. from a "hold" rating to a "buy" rating in a research note on Friday, November 22nd. Finally, Scotiabank raised Compañía de Minas Buenaventura S.A.A. from a "sector underperform" rating to a "sector perform" rating and set a $15.00 target price for the company in a research note on Thursday, November 21st.

Compañía de Minas Buenaventura S.A.A. Price Performance

Shares of BVN traded down $0.14 during trading hours on Monday, reaching $11.96. The stock had a trading volume of 227,584 shares, compared to its average volume of 1,346,663. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.40. Compañía de Minas Buenaventura S.A.A. has a 12 month low of $8.86 and a 12 month high of $18.84. The stock has a market capitalization of $3.04 billion, a PE ratio of 8.58 and a beta of 0.83. The company's 50-day moving average is $13.06 and its two-hundred day moving average is $14.67.

Compañía de Minas Buenaventura S.A.A. Company Profile

Compañía de Minas Buenaventura SAA. engages in the exploration, development, construction, and operation of mineral processing business. 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.