Short Interest in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Declines By 19.1%

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) was the target of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 3,340,000 shares, a decline of 19.1% from the November 15th total of 4,130,000 shares. Based on an average trading volume of 1,250,000 shares, the days-to-cover ratio is presently 2.7 days. Currently, 1.3% of the shares of the company are short sold.

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

Several hedge funds have recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the second quarter valued at about $35,000. EverSource Wealth Advisors LLC increased its stake in shares of 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 buying an additional 1,054 shares during the period. Employees Retirement System of Texas bought a new stake in Compañía de Minas Buenaventura S.A.A. during the 2nd quarter worth about $47,000. Point72 Hong Kong Ltd acquired a new position in Compañía de Minas Buenaventura S.A.A. in the third quarter valued at approximately $56,000. Finally, Headlands Technologies LLC bought a new position in shares of Compañía de Minas Buenaventura S.A.A. in the 2nd quarter worth $80,000.

Analyst Upgrades and Downgrades

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

Compañía de Minas Buenaventura S.A.A. Stock Performance

Compañía de Minas Buenaventura S.A.A. stock traded down $0.52 during mid-day trading on Friday, hitting $12.83. 1,080,079 shares of the company’s stock traded hands, compared to its average volume of 1,332,806. The firm has a 50 day moving average price of $12.79 and a 200 day moving average price of $14.32. The company has a market cap of $3.26 billion, a PE ratio of 9.10 and a beta of 0.80. The company has a quick ratio of 1.17, a current ratio of 1.40 and a debt-to-equity ratio of 0.20. Compañía de Minas Buenaventura S.A.A. has a one year low of $9.71 and a one year high of $18.84.

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.