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

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) saw a large drop in short interest in November. As of November 30th, there was short interest totalling 3,340,000 shares, a drop of 19.1% from the November 15th total of 4,130,000 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,250,000 shares, the short-interest ratio is presently 2.7 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. lifted its position in shares of Compañía de Minas Buenaventura S.A.A. by 530.7% in the second quarter. Blue Trust Inc. now owns 15,276 shares of the mining company’s stock valued at $243,000 after acquiring an additional 12,854 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Compañía de Minas Buenaventura S.A.A. by 7.3% in the second quarter. Bank of New York Mellon Corp now owns 180,824 shares of the mining company’s stock valued at $3,065,000 after purchasing an additional 12,365 shares during the period. Liontrust Investment Partners LLP purchased a new stake in shares of Compañía de Minas Buenaventura S.A.A. during the second quarter worth $108,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position 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 valued at $314,000 after purchasing an additional 6,205 shares in the last quarter. Finally, Commonwealth Equity Services LLC purchased a new position in Compañía de Minas Buenaventura S.A.A. in the second quarter worth approximately $347,000.

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

BVN stock traded down $0.52 during mid-day trading on Friday, hitting $12.83. The company had a trading volume of 1,080,079 shares, compared to its average volume of 1,332,806. The company has a 50-day moving average price of $12.79 and a 200 day moving average price of $14.32. Compañía de Minas Buenaventura S.A.A. has a 12-month low of $9.71 and a 12-month high of $18.84. The company has a quick ratio of 1.17, a current ratio of 1.40 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 9.10 and a beta of 0.80.

Analysts Set New Price Targets

BVN has been the subject of a number of analyst reports. 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 objective for the company in a research note on Thursday, November 21st. StockNews.com upgraded 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, Morgan Stanley lowered 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 research report 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.