A study of analyst recommendations at the major brokerages shows that Compania de Minas Buenaventura S.A. (BVN) is the #42 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global Mining Titans Index is comprised of the top fifty global leaders from the metals and mining sector. The companies listed in the Metals Channel Global Mining Titans Index are not fixed, but instead variable — updating on a continuous basis to reflect the changing market environment with respect to commodity prices, government policy and market volatility.In forming this rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the underlying components of the Metals Channel Global Mining Titans Index were ranked according to those averages. Investors often interpret analyst opinions from different angles — when companies have a low rank among analysts, it isn't necessarily the case that investors should conclude that the stock will perform poorly. It can, of course, but a bullish investor could also take the contrarian angle and read into the data that there is lots of room for upside because the stock is so out of favor. From the other direction, a popular analyst pick could mean that many sharp minds individually came to the same bullish conclusion, and therefore the stock should do well, but it could also mean that if the company stumbles, that would come as a negative surprise. According to the ETF Finder at ETF Channel, BVN makes up 9.08% of the iShares MSCI All Peru Capped ETF (EPU) which is trading up by about 0.8% on the day Friday. BVN operates in the Precious Metals sector, among companies like Barrick Gold Corp. (ABX) which is up about 1.3% today, and Newmont Mining Corp (NEM) trading higher by about 2.9%. Below is a three month price history chart comparing the stock performance of BVN, versus ABX and NEM. BVN is currently trading up about 1.9% midday Friday.
More from Stocks
Trump Is Willing to Extend March 1 Deadline for China Trade Deal
Negotiations seem cautiously optimistic as Trump and Chinese Vice Premier Liu talk trade.
IBM's Cheap Valuation Is a Great Buying Opportunity
IBM continues to deliver solid results and strong free cash flow. At the same time, its stock is hugely undervalued.
How Big Are Amazon's Shipping Ambitions? Layoffs at XPO May Reveal Clues
Amazon is taking an increasingly aggressive stance in logistics and transportation, as recent reports from delivery giant XPO suggest. But Amazon's ambitions also carry some risks.
Stamps.com Plummets After Breakup With U.S. Postal Service
Stamps.com ends its partnership with the U.S. Postal Service over the online shipper's demands for more independence.