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Edwardsville, IL 62025
Yes BVN being down 50% since last year while gold has
skyrocketed is about the worst under
performance of any gold stock. There are
reasons for such a sharp decline as they eliminated their dividend,
they reported a decline in gold production as Peru has extended
their quarantine period which means no mining so any mining is
limited to critical activities only.Also several brokerages
downgraded the stock and Moodys downgraded BVN to B1 a negative
outlook. In addition there has been talk that Peru may nationalize
the mines. So as you can see fear in the equity markets has little
to do with the bad performance of BVN . Sometimes fundamentals are
very good reasons a stock can suddenly under perform.
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