As published in a research note from Morgan Stanley on June 21, 2024, Compania de Minas Buenaventura S.A. ADR [BVN] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $21. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in mid March. As of September 21, 2023, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for BVN. Earlier on March 24, 2022, Morgan Stanley upgraded its rating. Their new recommendation was “an Equal-weight” for BVN stock which previously was a “an Underweight”.
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Analyzing BVN Stock Performance
During the last five days, there has been a drop of approximately -1.36%. Over the course of the year, Compania de Minas Buenaventura S.A. ADR shares have dropped approximately -18.96%. Shares of the company reached a 52-week high of $18.84 on 05/21/24 and a 52-week low of $11.61 on 11/11/24. A 50-day SMA is recorded $13.20, while a 200-day SMA reached $15.34. Nevertheless, trading volume fell to 1.84 million shares from 1.59 million shares the previous day.
Support And Resistance Levels for Compania de Minas Buenaventura S.A. ADR (BVN)
According to the 24-hour chart, there is a support level at 12.18, which, if violated, would cause prices to drop to 12.02. In the upper region, resistance lies at 12.50. The next price resistance is at 12.65. RSI (Relative Strength Index) is 41.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.26, which suggests the price will decrease in the coming days. Percent R is at 66.36%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
