Freedom Investment Management Inc. Purchases 10,802 Shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

Freedom Investment Management Inc. increased its position in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) by 30.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,518 shares of the mining company’s stock after buying an additional 10,802 shares during the quarter. Freedom Investment Management Inc.’s holdings in Compañía de Minas Buenaventura S.A.A. were worth $644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sagil Capital LLP purchased a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the 3rd quarter valued at $16,989,000. Jane Street Group LLC boosted its stake in shares of Compañía de Minas Buenaventura S.A.A. by 189.8% during the first quarter. Jane Street Group LLC now owns 346,379 shares of the mining company’s stock valued at $5,500,000 after purchasing an additional 732,158 shares during the period. Swedbank AB bought a new stake in Compañía de Minas Buenaventura S.A.A. in the 1st quarter worth $7,082,000. Dorsey Wright & Associates bought a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the second quarter worth about $2,590,000. Finally, Acadian Asset Management LLC grew its position in shares of Compañía de Minas Buenaventura S.A.A. by 65.2% in the 2nd quarter. Acadian Asset Management LLC now owns 326,206 shares of the mining company’s stock worth $5,527,000 after buying an additional 128,736 shares during the last quarter.

Compañía de Minas Buenaventura S.A.A. Trading Up 0.9 %

NYSE:BVN opened at $12.11 on Friday. Compañía de Minas Buenaventura S.A.A. has a one year low of $8.86 and a one year high of $18.84. The company’s 50-day simple moving average is $13.12 and its 200 day simple moving average is $14.76. The firm has a market capitalization of $3.08 billion, a P/E ratio of 8.59 and a beta of 0.83. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.40 and a quick ratio of 1.17.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BVN shares. Scotiabank upgraded 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 on the stock in a research report on Thursday, November 21st. 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. Finally, Morgan Stanley reduced 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 note on Thursday, September 19th.

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.