Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Trading Up 3.3% - Should You Buy?

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN - Get Free Report) shares rose 3.3% during mid-day trading on Wednesday . The company traded as high as $12.55 and last traded at $12.52. Approximately 115,609 shares traded hands during trading, a decline of 83% from the average daily volume of 667,300 shares. The stock had previously closed at $12.12.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BVN. Scotiabank raised shares of Compañía de Minas Buenaventura S.A.A. from a "sector underperform" rating to a "sector perform" rating and set a $15.00 price objective for the company in a report on Thursday, November 21st. Morgan Stanley cut their target price on shares of 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. Finally, StockNews.com raised Compañía de Minas Buenaventura S.A.A. from a "hold" rating to a "buy" rating in a research note on Friday, December 27th.

Compañía de Minas Buenaventura S.A.A. Trading Up 4.0 %

The company has a quick ratio of 1.17, a current ratio of 1.40 and a debt-to-equity ratio of 0.20. The firm's fifty day moving average is $12.37 and its two-hundred day moving average is $13.70. The firm has a market cap of $3.20 billion, a P/E ratio of 8.94 and a beta of 0.81.

Institutional Trading of Compañía de Minas Buenaventura S.A.A.

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of Compañía de Minas Buenaventura S.A.A. by 212.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,698,044 shares of the mining company's stock valued at $23,501,000 after purchasing an additional 1,153,819 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Compañía de Minas Buenaventura S.A.A. by 203.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,243,163 shares of the mining company's stock valued at $17,205,000 after buying an additional 833,819 shares during the period. Sagil Capital LLP purchased a new position in Compañía de Minas Buenaventura S.A.A. during the third quarter valued at $16,989,000. Geode Capital Management LLC grew its position in shares of Compañía de Minas Buenaventura S.A.A. by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 964,014 shares of the mining company's stock worth $13,225,000 after buying an additional 20,899 shares during the period. Finally, Jane Street Group LLC grew its position in shares of Compañía de Minas Buenaventura S.A.A. by 35.9% in the 3rd quarter. Jane Street Group LLC now owns 958,956 shares of the mining company's stock worth $13,272,000 after buying an additional 253,421 shares during the period.

About Compañía de Minas Buenaventura S.A.A.

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.