Compania de Minas Buenaventura SAA (ADR) (NYSE:BVN) has been downgraded to Sell in a report by Zacks Investment Research today.
- Updated: November 28, 2016
Zacks Investment Research has downgraded Compania de Minas Buenaventura SAA (ADR) (NYSE:BVN) to Sell in a statement released on 11/28/2016.
Previously on 10/14/2015, Merrill Lynch released a statement on Compania de Minas Buenaventura SAA (ADR) (NYSE:BVN) bumped up the target price from $6.00 to $7.00 that suggested a downside of -0.11%.
Having a price of $11.37, Compania de Minas Buenaventura SAA (ADR) (NYSE:BVN) traded 3.74% higher on the day. With the last stock price close down -10.08% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Compania de Minas Buenaventura SAA (ADR) has recorded a 50-day average of $12.47 and a two hundred day average of $12.64. Volume of trade was down over the average, with 1,325,179 shares of BVN changing hands under the typical 1,695,680
Compania de Minas Buenaventura SAA (ADR) has 52 week low of $3.30 and a 52 week high of $16.45 and has a market capitalization of $0.
Also covering Compania de Minas Buenaventura SAA (ADR)'s price target, a total of 11 brokerages have issued a ratings update on Compania de Minas Buenaventura SAA (ADR). The 12-month target is $9.93 with zero equity analysts rating the company a strong buy, three analysts rating the company a buy, eight firms rating the stock a hold, 0 firms rating the stock a underperform, and finally zero equity analysts rating the company a sell.
Brief Synopsis About Compania de Minas Buenaventura SAA (ADR) (NYSE:BVN)
Compania de Minas Buenaventura S.A.A. (Buenaventura) is a precious metals company. The Company is engaged in the exploration, mining and processing of gold, silver and other metals in Peru. The Company's segments 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. The Company operates the Orcopampa, Uchucchacua, Julcani, Mallay and Breapampa mines and has controlling interests in over three other mining companies, which operate the Colquijirca-Marcapunta, Tantahuatay and La Zanja mines. It also owns an electric power transmission company, a hydroelectric plant, a processing plant and an engineering services consulting company and non-controlling interests in various other mining companies.
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