Analyst Rating Update on Buenaventura Mining Company (BVN)

Buenaventura Mining Company (NYSE:BVN) : The consensus on Buenaventura Mining Company (NYSE:BVN) based on 4 analyst recommendation on the company stock is 2.5, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Buenaventura Mining Company (NYSE:BVN) : The most positive equity analysts on Buenaventura Mining Company (NYSE:BVN) expects the shares to touch $10, whereas, the least positive believes that the stock will trade at $7 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $8.57 with an expected fluctuation of $1.13 from the mean.

Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm HSBC upgrades its rating on Buenaventura Mining Company (NYSE:BVN). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on May 6, 2016.

Buenaventura Mining Company (NYSE:BVN): stock turned positive on Tuesday. Though the stock opened at $11.34, the bulls momentum made the stock top out at $11.91 level for the day. The stock recorded a low of $11.13 and closed the trading day at $11.53, in the green by 1.95%. The total traded volume for the day was 2,265,420. The stock had closed at $11.31 in the previous days trading.

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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