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Downgrade Alert for Cia de Minas Buenaventura (BVN)

By David Diaz

Cia de Minas Buenaventura (NYSE:BVN) was downgraded from Buy to Hold at HSBC today. The stock closed yesterday at $12.98 on volume of 2.1 million shares, below average daily volume of 2.5 million.

Cia de Minas Buenaventura (NYSE:BVN) is currently priced 31.6% above its average consensus analyst price target of $8.89. Cia de Minas Buenaventura shares have support at the 50-day moving average (MA) of $7.22 and additional support at the 200-day MA of $6.07.

Compania de Minas Buenaventura S.A. explores for, mines, and processes gold, silver, zinc, and other metals. The Company operates mines in Peru, a lime plant, an electric power transmission company, and an engineering services company. Buenaventura also markets metal concentrates to smelters internationally.

Over the past year, Cia de Minas Buenaventura has traded in a range of $3.30 to $16.45 and closed yesterday at $12.99, 294% above that low. The 200-day and 50-day moving averages have moved 0.53% higher and 5.17% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Cia de Minas Buenaventura and will alert subscribers who have BVN in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades cia de minas buenaventura

Ticker(s): BVN