Buenaventura Mining (NYSE:BVN) Downgraded to "Hold" Rating by Wall Street Zen

Wall Street Zen cut shares of Buenaventura Mining (NYSE:BVN - Free Report) from a buy rating to a hold rating in a research note issued to investors on Friday.

Separately, Scotiabank increased their target price on shares of Buenaventura Mining from $15.00 to $15.50 and gave the company a "sector perform" rating in a research note on Monday, April 14th.

Buenaventura Mining Stock Up 2.6%

NYSE BVN traded up $0.45 during trading hours on Friday, reaching $17.88. 383,566 shares of the company's stock traded hands, compared to its average volume of 1,094,093. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.75 and a quick ratio of 1.58. The firm has a 50-day simple moving average of $15.96 and a 200 day simple moving average of $14.53. Buenaventura Mining has a 52-week low of $11.50 and a 52-week high of $17.97. The firm has a market cap of $4.54 billion, a PE ratio of 9.48 and a beta of 0.43.

Institutional Investors Weigh In On Buenaventura Mining

Several large investors have recently modified their holdings of BVN. Brooklyn Investment Group raised its holdings in shares of Buenaventura Mining by 1,363.9% during the 1st quarter. Brooklyn Investment Group now owns 1,947 shares of the mining company's stock valued at $30,000 after buying an additional 1,814 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Buenaventura Mining in the 1st quarter worth about $36,000. Headlands Technologies LLC acquired a new stake in Buenaventura Mining in the 1st quarter valued at approximately $37,000. Cetera Investment Advisers bought a new position in shares of Buenaventura Mining during the 1st quarter worth approximately $157,000. Finally, Sequoia Financial Advisors LLC increased its holdings in Buenaventura Mining by 8.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 10,977 shares of the mining company's stock valued at $126,000 after purchasing an additional 867 shares in the last quarter.

Buenaventura Mining 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.