Buenaventura Mining Company (BVN) : Traders are bullish on Buenaventura Mining Company (BVN) as it has outperformed the S&P 500 by a wide margin of 21.45% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.18%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.24% in the last 1 week, and is up 22.7% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 11.56% and the 50-Day Moving Average is 25.22%. Buenaventura Mining Company (NYSE:BVN): stock turned positive on Friday. Though the stock opened at $15.55, the bulls momentum made the stock top out at $15.97 level for the day. The stock recorded a low of $15.45 and closed the trading day at $15.62, in the green by 2.56%. The total traded volume for the day was 1,102,430. The stock had closed at $15.23 in the previous days trading.
The company Insiders own 19.34% of Buenaventura Mining Company shares according to the proxy statements. Institutional Investors own 50.3% of Buenaventura Mining Company shares. Also, Brokerage firm Bank of America upgrades its rating on Buenaventura Mining Company (NYSE:BVN). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 28, 2016.
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.