Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Short Interest Update

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 4,130,000 shares, a growth of 9.3% from the October 31st total of 3,780,000 shares. Currently, 1.6% of the company’s stock are sold short. Based on an average daily trading volume, of 1,280,000 shares, the short-interest ratio is presently 3.2 days.

Compañía de Minas Buenaventura S.A.A. Trading Up 0.7 %

Shares of NYSE:BVN traded up $0.08 during trading on Wednesday, reaching $12.26. 240,851 shares of the company’s stock traded hands, compared to its average volume of 1,342,621. Compañía de Minas Buenaventura S.A.A. has a fifty-two week low of $8.86 and a fifty-two week high of $18.84. 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 has a 50-day simple moving average of $12.99 and a 200-day simple moving average of $14.59.

Wall Street Analyst Weigh In

Several research firms have recently commented on BVN. StockNews.com upgraded shares of Compañía de Minas Buenaventura S.A.A. from a “hold” rating to a “buy” rating in a research note on Friday, November 22nd. Morgan Stanley cut their price target on Compañía de Minas Buenaventura S.A.A. from $21.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, September 19th. Finally, Scotiabank raised Compañía de Minas Buenaventura S.A.A. from a “sector underperform” rating to a “sector perform” rating and set a $15.00 price target on the stock in a research report on Thursday, November 21st.

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

Institutional investors have recently modified their holdings of the business. Csenge Advisory Group grew its position in shares of Compañía de Minas Buenaventura S.A.A. by 266.9% during the 2nd quarter. Csenge Advisory Group now owns 126,300 shares of the mining company’s stock valued at $2,141,000 after acquiring an additional 91,881 shares during the period. Harbour Capital Advisors LLC acquired a new stake in Compañía de Minas Buenaventura S.A.A. in the 3rd quarter worth about $629,000. Diversify Advisory Services LLC acquired a new stake in Compañía de Minas Buenaventura S.A.A. in the 2nd quarter worth about $243,000. Citigroup Inc. boosted its holdings in Compañía de Minas Buenaventura S.A.A. by 4.2% in the 3rd quarter. Citigroup Inc. now owns 381,706 shares of the mining company’s stock worth $5,283,000 after buying an additional 15,302 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Compañía de Minas Buenaventura S.A.A. by 50.5% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 18,503 shares of the mining company’s stock worth $314,000 after buying an additional 6,205 shares during the last quarter.

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.