Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Short Interest Down 7.8% in October

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totalling 4,400,000 shares, a drop of 7.8% from the September 30th total of 4,770,000 shares. Based on an average daily volume of 1,290,000 shares, the days-to-cover ratio is presently 3.4 days. Currently, 1.7% of the shares of the stock are sold short.

Compañía de Minas Buenaventura S.A.A. Trading Down 0.3 %

Shares of NYSE BVN traded down $0.04 on Thursday, reaching $13.06. 1,142,124 shares of the company traded hands, compared to its average volume of 1,377,589. The company has a 50 day moving average of $13.23 and a 200 day moving average of $15.36. The company has a current ratio of 1.40, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. Compañía de Minas Buenaventura S.A.A. has a fifty-two week low of $7.73 and a fifty-two week high of $18.84. The stock has a market capitalization of $3.32 billion, a PE ratio of 35.30 and a beta of 0.82.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on BVN shares. Scotiabank cut their price objective on shares of Compañía de Minas Buenaventura S.A.A. from $16.00 to $15.00 and set a “sector underperform” rating for the company in a research report on Monday, August 19th. 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.

Hedge Funds Weigh In On Compañía de Minas Buenaventura S.A.A.

A number of large investors have recently bought and sold shares of BVN. Ashton Thomas Private Wealth LLC purchased a new position in shares of Compañía de Minas Buenaventura S.A.A. in the 2nd quarter worth $35,000. EverSource Wealth Advisors LLC grew its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 63.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,709 shares of the mining company’s stock worth $42,000 after purchasing an additional 1,054 shares during the period. Employees Retirement System of Texas acquired a new stake in Compañía de Minas Buenaventura S.A.A. during the 2nd quarter worth approximately $47,000. Headlands Technologies LLC purchased a new position in Compañía de Minas Buenaventura S.A.A. in the second quarter valued at approximately $80,000. Finally, GAMMA Investing LLC lifted its position in Compañía de Minas Buenaventura S.A.A. by 16.8% during the second quarter. GAMMA Investing LLC now owns 4,968 shares of the mining company’s stock valued at $84,000 after buying an additional 716 shares in the last quarter.

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.