State Street Corp Cuts Stock Position in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

State Street Corp lessened its holdings in shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) by 1.1% during the 3rd quarter, Holdings Channel reports. The firm owned 3,155,062 shares of the mining company’s stock after selling 35,822 shares during the period. State Street Corp’s holdings in Compañía de Minas Buenaventura S.A.A. were worth $43,666,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Quadrature Capital Ltd acquired a new stake in Compañía de Minas Buenaventura S.A.A. during the 3rd quarter worth approximately $444,000. Point72 DIFC Ltd purchased a new stake in shares of Compañía de Minas Buenaventura S.A.A. during the third quarter worth $236,000. Point72 Asset Management L.P. acquired a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the third quarter valued at $1,046,000. HighTower Advisors LLC purchased a new position in Compañía de Minas Buenaventura S.A.A. in the third quarter valued at $341,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Compañía de Minas Buenaventura S.A.A. in the third quarter valued at $1,309,000.

Compañía de Minas Buenaventura S.A.A. Stock Down 0.7 %

Compañía de Minas Buenaventura S.A.A. stock opened at $12.46 on Friday. The stock’s fifty day moving average is $12.73 and its two-hundred day moving average is $14.21. The stock has a market cap of $3.16 billion, a PE ratio of 8.84 and a beta of 0.80. Compañía de Minas Buenaventura S.A.A. has a 1-year low of $11.61 and a 1-year 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.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BVN. 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 report 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 target price on the stock in a report on Thursday, November 21st. Finally, StockNews.com cut shares of Compañía de Minas Buenaventura S.A.A. from a “buy” rating to a “hold” rating in a report on Thursday.

About Compañía de Minas Buenaventura S.A.A.

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.