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