5 Stocks to Play the Hottest Latin America Markets

#3 – Compania de Minas Buenaventura

Peru is not quite as advanced as Chile, posting a GDP per capita of $5,200, but the stock market performed spectacularly last year as it is more leveraged toward mineral prices. Mining is big deal for Peru, similarly to Chile, but the country is growing from a smaller base with much-needed infrastructure investment taking place at the moment.

There is only one listed U.S.-listed ADR — Compania de Minas Buenaventura (NYSE: BVN) — a diversified mining company with big precious metals exposure. Sales are growing at a 20% clip with gold, silver and lead seeing increased volumes when compared to last year, while other metals like zinc and copper have seen volume declines. Management has many mines that operate in Peru, and has the discretion to increase productions in various metals that it deems more profitable. The company is very well politically connected in Peru and has great reserves with years of growth ahead of it.