Minas Buenaventura ADR saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, with an upgrade from 80 to 83.
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This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the market's biggest winners tend to have an 80 or higher RS Rating in the early stages of their moves.
Minas Buenaventura ADR is still within a buy range after clearing a 17.43 buy point in a cup with handle. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to wait for it to set up another buying opportunity.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 129%, compared to 0% in the prior report. Revenue increased from 18% to 25%. Keep an eye out for the company's next round of numbers on or around Jul. 24.
The company holds the No. 22 rank among its peers in the Mining-Gold/Silver/Gems industry group. Agnico-Eagle Mines, AngloGold Ashanti and Barrick Mining are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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