Buenaventura Mining Company (BVN) : Analyst Rating Update

Buenaventura Mining Company (BVN) : Zacks Investment Research ranks Buenaventura Mining Company (BVN) as 2, which is a Buy recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 4 research analysts is 2, which indicates as a Buy.

Buenaventura Mining Company (BVN) : The consensus price target for Buenaventura Mining Company (BVN) is $9.23 for the short term with a standard deviation of $2.5. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $14, however, the pessimist price target for the company is $7.

Buenaventura Mining Company (NYSE:BVN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.14 and $12.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.88, notching a gain of 5.31% for the day. The total traded volume was 2,480,898 . The stock had closed at $12.23 on the previous day.

Also, Bank of America upgrades their rating on the shares of Buenaventura Mining Company (NYSE:BVN). The current rating of the shares is Buy. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on June 28, 2016. The company shares have rallied 28.87% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $12.55 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $10.65 and the 200 Day Moving Average price is recorded at $7.30.

Compania de Minas Buenaventura SAA (Buenaventura) is a Peru-based mining company engaged in the exploration, mining, smelting and commercialization of gold and silver, as well as other metals and minerals. The Company operates directly seven Peruvian mining units located in Uchucchacua, Orcopampa, Poracota, Julcani, Recuperada, Antapite and Ishihuinca; as well as indirectly the mines of Shila-Paula, La Zanja and Colquijirca. Through its subsidiaries, the Company is also involved in the generation and distribution of electric power, as well as in the provision of engineering and chemical processing services. The Company owns such subsidiaries as Compania Minera Condesa SA, Minera La Zanja SRL, Inversiones Colquijirca SA, Consorcio Energetico de Huancavelica SA, Buenaventura Ingenieros SA, CEDIMIN SAC and Minera Julcani Sa de CV, among others.

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