3 Breakout Gold Stocks to Buy

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3 Breakout Gold Stocks to Buy

Breakout Gold Stocks to Buy: Compania de Minas Buenaventura (BVN)

031414BVN 300x247 3 Breakout Gold Stocks to Buy Compania de Minas Buenaventura (BVN) is a Peruvian gold and silver miner with operations throughout the country. Its output makes it the world’s third-largest producer of silver.

Shares have been rangebound since last summer, mired in a consolidation range near $12.50 a share. On Thursday, BVN stock surged above its 200-day moving average for the first time since September 2012.

The company was upgraded by Morgan Stanley analysts back in January with a price target of $15.80 — which would be worth a 16%-plus gain from here.

I’ve added shares of BVN to my Edge Letter Sample Portfolio.


Article printed from InvestorPlace Media, http://investorplace.com/2014/03/3-breakout-gold-stocks-to-buy/.

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