Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Hits New 52-Week Low – What’s Next?

Shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $11.50 and last traded at $11.52, with a volume of 819000 shares. The stock had previously closed at $11.93.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Morgan Stanley dropped their target price on Compañía de Minas Buenaventura S.A.A. from $21.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, September 19th. StockNews.com upgraded shares of Compañía de Minas Buenaventura S.A.A. from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Scotiabank upgraded 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 target for the company in a research report on Thursday, November 21st.

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

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.40 and a quick ratio of 1.17. The company’s 50-day moving average price is $12.56 and its 200-day moving average price is $13.93. The company has a market cap of $2.92 billion, a P/E ratio of 8.17 and a beta of 0.80.

Institutional Investors Weigh In On Compañía de Minas Buenaventura S.A.A.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC lifted its position in shares of Compañía de Minas Buenaventura S.A.A. by 37.2% in the third quarter. Barclays PLC now owns 161,288 shares of the mining company’s stock valued at $2,232,000 after buying an additional 43,692 shares during the last quarter. Weiss Asset Management LP acquired a new stake in Compañía de Minas Buenaventura S.A.A. during the 3rd quarter valued at $1,367,000. Harbour Capital Advisors LLC bought a new position in Compañía de Minas Buenaventura S.A.A. during the third quarter worth $629,000. FMR LLC increased its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 245.4% in the third quarter. FMR LLC now owns 17,552 shares of the mining company’s stock valued at $243,000 after purchasing an additional 12,471 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in shares of Compañía de Minas Buenaventura S.A.A. in the third quarter valued at about $341,000.

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.