Buenaventura Mining Company (BVN) has risen sharply, recording gains of 12.28% in the past 4 weeks. However, the stock has corrected -0.16% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.17% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Buenaventura Mining Company (NYSE:BVN): The stock opened at $12.65 on Friday but the bulls could not build on the opening and the stock topped out at $12.96 for the day. The stock traded down to $12.54 during the day, due to lack of any buying support eventually closed down at $12.71 with a loss of -0.47% for the day. The stock had closed at $12.77 on the previous day. The total traded volume was 835,213 shares.
The stock has recorded a 20-day Moving Average of 3.52% and the 50-Day Moving Average is 14.56%. Compania de Minas Buenaventura S.A.A is up 51.31% in the last 3-month period. Year-to-Date the stock performance stands at 196.96%.
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.