Buenaventura Mining Company (NYSE:BVN) has tumbled 5.95% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 4.61% in the last four weeks. The stocks have underperformed the S&P 500 by 4.82% during the past week but Buenaventura Mining Company (NYSE:BVN) it has outperformed the index in 4 weeks by 3.66%.
Buenaventura Mining Company (NYSE:BVN): The stock opened at $10.75 on Friday but the bulls could not build on the opening and the stock topped out at $11.28 for the day. The stock traded down to $10.42 during the day, due to lack of any buying support eventually closed down at $10.43 with a loss of -2.25% for the day. The stock had closed at $10.67 on the previous day. The total traded volume was 11,514,243 shares.
The company shares have dropped -0.38% from its 1 Year high price. On Jun 10, 2016, the shares registered one year high at $11.70 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $10.12 and the 200 Day Moving Average price is recorded at $6.67.
Many analysts have stated their opinion on the company shares. HSBC upgrades their rating on the shares of Buenaventura Mining Company (NYSE:BVN). The current rating of the shares is Buy. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on May 6, 2016. Currently the company Insiders own 19.34% of Buenaventura Mining Company shares according to the proxy statements. Institutional Investors own 51.03% of Buenaventura Mining Company shares.
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.