Buenaventura Mining Company Inc. (BVN): Today's Featured Basic Materials Laggard

Buenaventura Mining Company ( BVN) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day up 0.2%. By the end of trading, Buenaventura Mining Company fell $1.44 (-4%) to $34.98 on average volume. Throughout the day, 1.3 million shares of Buenaventura Mining Company exchanged hands as compared to its average daily volume of 991,000 shares. The stock ranged in price between $31.05-$36.16 after having opened the day at $35.40 as compared to the previous trading day's close of $36.42. Other company's within the Basic Materials sector that declined today were: Gasco Energy ( GSX), down 28.6%, Uranium Resources ( URRE), down 22.5%, Recovery Energy ( RECV), down 17.9%, and GeoMet ( GMET), down 14.1%.

Compa ia de Minas Buenaventura S.A.A., a precious metals company, engages in the exploration, mining, and processing of gold and silver in Peru. It also explores for other metals, including zinc, lead, and copper. Buenaventura Mining Company has a market cap of $9.41 billion and is part of the metals & mining industry. The company has a P/E ratio of 12, above the average metals & mining industry P/E ratio of 9.9 and below the S&P 500 P/E ratio of 17.7. Shares are down 3.2% year to date as of the close of trading on Tuesday. Currently there is one analyst that rates Buenaventura Mining Company a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates Buenaventura Mining Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, BioFuel Energy Corporation ( BIOF), up 15.5%, RTI International Metals ( RTI), up 13.1%, Constellation Energy Partners ( CEP), up 9.4%, and Jaguar Mining ( JAG), up 8.4%, were all gainers within the basic materials sector with Petroleo Brasileiro SA Petrobras ( PBR) being today's featured basic materials sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR ( XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd ( SBM).
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