Buenaventura Mining Company Inc. (NYSE:BVN) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday.

According to Zacks, “COMPAÑÍA DE MINAS BUENAVENTURA is a leading mining company producing precious metals and holding mining rights in Peru. Since its inception in 1953, Buenaventura has focused on exploration and exploitation activities both by its own and through joint ventures. Buenaventura also is an important shareholder of Minera Yanacocha S.R.L., one of the leading gold producers in Latin America. “

Other equities analysts have also issued research reports about the stock. BidaskClub upgraded shares of Buenaventura Mining from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Credit Suisse Group reiterated a “hold” rating on shares of Buenaventura Mining in a research report on Friday, July 28th. Scotiabank upgraded shares of Buenaventura Mining from an “underperform” rating to a “sector perform” rating in a research report on Monday, October 30th. Finally, Morgan Stanley upgraded shares of Buenaventura Mining from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $13.00 to $17.30 in a research report on Monday, September 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Buenaventura Mining presently has a consensus rating of “Hold” and a consensus target price of $16.65.

Buenaventura Mining (BVN) traded up $0.14 during mid-day trading on Thursday, reaching $14.39. 880,431 shares of the company’s stock traded hands, compared to its average volume of 1,445,237. Buenaventura Mining has a fifty-two week low of $9.87 and a fifty-two week high of $14.96. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.21 and a quick ratio of 0.92.

TRADEMARK VIOLATION WARNING: “Buenaventura Mining Company Inc. (BVN) Stock Rating Lowered by Zacks Investment Research” was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this story on another publication, it was stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this story can be viewed at https://www.watchlistnews.com/buenaventura-mining-company-inc-bvn-stock-rating-lowered-by-zacks-investment-research/1679102.html.

Institutional investors and hedge funds have recently made changes to their positions in the company. Empirical Finance LLC purchased a new stake in shares of Buenaventura Mining in the third quarter valued at $140,000. Virtu Financial LLC purchased a new stake in shares of Buenaventura Mining in the second quarter valued at $141,000. Comerica Bank raised its stake in shares of Buenaventura Mining by 1.3% in the first quarter. Comerica Bank now owns 15,760 shares of the mining company’s stock valued at $183,000 after acquiring an additional 205 shares during the period. KCG Holdings Inc. purchased a new stake in shares of Buenaventura Mining in the first quarter valued at $233,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Buenaventura Mining 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 valued at $265,000 after acquiring an additional 3,897 shares during the period. 45.10% of the stock is currently owned by institutional investors and hedge funds.

Buenaventura Mining Company Profile

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.

Receive News & Ratings for Buenaventura Mining Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Buenaventura Mining Company Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.