Compania de Minas Buenaventura SAA (NYSE:BVN) Lifted to Buy at Citigroup

Compania de Minas Buenaventura SAA (NYSE:BVN) was upgraded by equities researchers at Citigroup from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday, January 18th, Marketbeat.com reports.

A number of other research firms also recently issued reports on BVN. Scotiabank raised shares of Compania de Minas Buenaventura SAA from an “underperform” rating to a “sector perform” rating in a report on Monday, October 30th. Zacks Investment Research downgraded shares of Compania de Minas Buenaventura SAA from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Finally, Morgan Stanley raised shares of Compania de Minas Buenaventura SAA from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $13.00 to $17.30 in a report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.65.

Compania de Minas Buenaventura SAA (NYSE BVN) traded up $0.64 on Thursday, hitting $15.07. 1,946,279 shares of the company were exchanged, compared to its average volume of 1,508,530. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.95 and a current ratio of 1.21. The stock has a market capitalization of $3,665.03, a P/E ratio of -10.84 and a beta of 1.16. Compania de Minas Buenaventura SAA has a one year low of $10.87 and a one year high of $16.26.

Hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE lifted its holdings in shares of Compania de Minas Buenaventura SAA by 207.0% in the fourth quarter. US Bancorp DE now owns 7,426 shares of the mining company’s stock worth $105,000 after buying an additional 5,007 shares in the last quarter. Empirical Finance LLC purchased a new position in shares of Compania de Minas Buenaventura SAA in the third quarter worth $140,000. Virtu Financial LLC lifted its holdings in shares of Compania de Minas Buenaventura SAA by 175.7% in the third quarter. Virtu Financial LLC now owns 33,889 shares of the mining company’s stock worth $217,000 after buying an additional 21,595 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Compania de Minas Buenaventura SAA by 23.2% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 20,697 shares of the mining company’s stock worth $265,000 after buying an additional 3,897 shares in the last quarter. Finally, Voya Investment Management LLC lifted its holdings in shares of Compania de Minas Buenaventura SAA by 18.7% in the second quarter. Voya Investment Management LLC now owns 27,338 shares of the mining company’s stock worth $314,000 after buying an additional 4,303 shares in the last quarter. 44.43% of the stock is currently owned by hedge funds and other institutional investors.

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About Compania de Minas Buenaventura SAA

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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