Bank of America (NYSE:BAC) Upgrades Buenaventura (NYSE:BVN) to "Neutral"

Similar to their upgrade of Southern Copper (NYSE:SCCO), Bank of America (NYSE:BAC), after a long upward run by Buenaventura Mining (NYSE:BVN), they've finally increased their rating, this time from "Underperform" to "Neutral."

On March 25th the company was trading at $29.50, and has soared since then to over $55 a share as of Thursday, November 11.

Buenaventura, which primarily mines for gold and silver in Peru, closed Thursday at $55.92, gaining $0.68, or 1.23 percent. Volume on the day was a little more than half the 3-month average.

The company has a market cap of about $14.23 billion.