Price Action to Note: How Analysts Feel About Compania de Minas Buenaventura SAA (ADR) After Today’s Huge Decline?

Price Action to Note: How Analysts Feel About Compania de Minas Buenaventura SAA (ADR) After Today's Huge Decline?

The stock of Compania de Minas Buenaventura SAA (ADR) (NYSE:BVN) is a huge mover today! The stock decreased 3.14% or $0.36 during the last trading session, hitting $11.1. About 4.33 million shares traded hands or 160.84% up from the average. Compania de Minas Buenaventura SAA (ADR) (NYSE:BVN) has risen 38.57% since April 13, 2016 and is uptrending. It has outperformed by 34.65% the S&P500.
The move comes after 7 months negative chart setup for the $3.03B company. It was reported on Nov, 15 by Barchart.com. We have $10.43 PT which if reached, will make NYSE:BVN worth $181.80 million less.

Compania de Minas Buenaventura SAA (ADR) (NYSE:BVN) Ratings Coverage

Out of 4 analysts covering Compania de Minas Buenaventura SA (NYSE:BVN), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Compania de Minas Buenaventura SA has been the topic of 10 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of Compania de Minas Buenaventura SAA (ADR) (NYSE:BVN) has “Equal-Weight” rating given on Friday, April 15 by Morgan Stanley. The stock of Compania de Minas Buenaventura SAA (ADR) (NYSE:BVN) has “Buy” rating given on Tuesday, June 28 by Bank of America. The firm has “Hold” rating by Zacks given on Friday, August 7. HSBC downgraded the shares of BVN in a report on Wednesday, April 13 to “Hold” rating. Credit Suisse downgraded Compania de Minas Buenaventura SAA (ADR) (NYSE:BVN) on Monday, September 21 to “Neutral” rating. The firm has “Buy” rating given on Friday, May 6 by HSBC.

According to Zacks Investment Research, “COMPAÑÍA DE MINAS BUENAVENTURA is a leading mining company producing precious metals and holding mining rights in Peru. Since its inception in 1953, Buenaventura has focused on exploration and exploitation activities both by its own and through joint ventures. Buenaventura also is an important shareholder of Minera Yanacocha S.R.L., one of the leading gold producers in Latin America.”

BVN Company Profile

Compania de Minas Buenaventura S.A.A. (Buenaventura), incorporated on September 7, 1959, is a precious metals company. The Firm is engaged in the exploration, mining and processing of gold, silver and other metals in Peru. The Company’s divisions include Production and sale of minerals; Exploration and development activities; Construction and engineering services; Energy generation and transmission services; Insurance brokerage; Rental of mining concessions; Holding of investment in shares (mainly in Minera Yanacocha S.R.L. and S.M.R.L. Chaupiloma Dos de Cajamarca), and Industrial activities.

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