Buenaventura Mining (NYSE:BVN) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Buenaventura Mining (NYSE:BVN) from a buy rating to a hold rating in a research note released on Friday.

Separately, Scotiabank boosted their price target on Buenaventura Mining from $15.00 to $15.50 and gave the company a “sector perform” rating in a report on Monday, April 14th.

Buenaventura Mining Stock Performance

Buenaventura Mining stock opened at $16.55 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.58 and a current ratio of 1.75. The stock has a fifty day moving average of $15.96 and a two-hundred day moving average of $14.53. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 8.76 and a beta of 0.43. Buenaventura Mining has a fifty-two week low of $11.50 and a fifty-two week high of $17.43.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. FIL Ltd grew its stake in shares of Buenaventura Mining by 810.7% during the 4th quarter. FIL Ltd now owns 2,635,020 shares of the mining company’s stock valued at $30,355,000 after buying an additional 2,345,676 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Buenaventura Mining during the 4th quarter valued at $25,970,000. Helikon Investments Ltd purchased a new stake in shares of Buenaventura Mining during the 1st quarter valued at $26,686,000. Tidal Investments LLC grew its stake in shares of Buenaventura Mining by 56.6% during the 4th quarter. Tidal Investments LLC now owns 3,332,263 shares of the mining company’s stock valued at $38,388,000 after buying an additional 1,204,879 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Buenaventura Mining by 105.3% during the 4th quarter. Northern Trust Corp now owns 1,235,916 shares of the mining company’s stock valued at $14,238,000 after buying an additional 633,793 shares during the period.

About Buenaventura Mining

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.