Buenaventura Mining Company (BVN) Receives Analyst Rating

Buenaventura Mining Company (BVN) : The consensus on Buenaventura Mining Company (BVN) based on 3 analyst recommendation on the company stock is 1.67, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Buenaventura Mining Company (BVN) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $17 and the lowest price target forecast is $7. The average forecast of all the analysts is $10.38 and the expected standard deviation is $3.79.


Also, Bank of America upgrades its view on Buenaventura Mining Company (NYSE:BVN) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. The rating by the firm was issued on June 28, 2016.

Buenaventura Mining Company (NYSE:BVN): The stock opened in the green at $14.33 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $14.56 and a low of $13.86 for the day. The stock did not find buyers even at the lows and closed at $14.27 recording a loss of -0.76%. 871,445 shares exchanged hands during the trading day. The stock had closed at $14.38 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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