Point72 Asset Management L.P. Invests $1.05 Million in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

Point72 Asset Management L.P. bought a new stake in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 75,600 shares of the mining company’s stock, valued at approximately $1,046,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC purchased a new stake in Compañía de Minas Buenaventura S.A.A. in the 2nd quarter valued at $35,000. EverSource Wealth Advisors LLC increased its position in Compañía de Minas Buenaventura S.A.A. by 63.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,709 shares of the mining company’s stock valued at $42,000 after acquiring an additional 1,054 shares during the period. Employees Retirement System of Texas purchased a new stake in Compañía de Minas Buenaventura S.A.A. during the 2nd quarter valued at approximately $47,000. Point72 Hong Kong Ltd acquired a new stake in Compañía de Minas Buenaventura S.A.A. during the 3rd quarter worth approximately $56,000. Finally, Headlands Technologies LLC purchased a new position in shares of Compañía de Minas Buenaventura S.A.A. in the 2nd quarter valued at approximately $80,000.

Compañía de Minas Buenaventura S.A.A. Trading Down 1.7 %

Shares of BVN stock opened at $12.75 on Wednesday. The business’s fifty day moving average price is $12.84 and its 200 day moving average price is $14.40. The firm has a market capitalization of $3.24 billion, a PE ratio of 9.04 and a beta of 0.80. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.40 and a quick ratio of 1.17. Compañía de Minas Buenaventura S.A.A. has a 1-year low of $9.13 and a 1-year high of $18.84.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BVN. Morgan Stanley decreased their price target on Compañía de Minas Buenaventura S.A.A. from $21.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, September 19th. StockNews.com raised shares of Compañía de Minas Buenaventura S.A.A. from a “hold” rating to a “buy” rating in a report on Friday, November 22nd. Finally, Scotiabank raised 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 report on Thursday, November 21st.

Compañía de Minas Buenaventura S.A.A. 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.