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

Buenaventura Mining (NYSE:BVN - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Friday.

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

Buenaventura Mining Stock Down 2.2%

Shares of Buenaventura Mining stock traded down $0.38 on Friday, reaching $16.55. 447,800 shares of the company were exchanged, compared to its average volume of 1,099,640. The company has a current ratio of 1.75, a quick ratio of 1.58 and a debt-to-equity ratio of 0.17. 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 one year low of $11.50 and a one year high of $17.43. The company has a 50-day moving average of $15.96 and a 200 day moving average of $14.49.

Hedge Funds Weigh In On Buenaventura Mining

Hedge funds and other institutional investors have recently modified their holdings of the company. Brooklyn Investment Group raised its position in 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 purchasing an additional 1,814 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Buenaventura Mining during the 1st quarter valued at $36,000. Headlands Technologies LLC bought a new position in Buenaventura Mining in the 1st quarter worth $37,000. Cetera Investment Advisers bought a new stake in Buenaventura Mining during the first quarter valued at about $157,000. Finally, Sequoia Financial Advisors LLC raised its holdings in Buenaventura Mining by 8.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 10,977 shares of the mining company's stock valued at $126,000 after acquiring an additional 867 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.

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