IAMGOLD Corp (NYSE:IAG) down by 2.38%, Compania de Minas Buenaventura SA (NYSE:BVN)

Posted by Lacee Page May 17, 2013 0 Comment 1341 views


IAMGOLD Corp (NYSE:IAG): In Thursday’s trading session, IAMGOLD Corp (NYSE:IAG) dropped 2.38%. Its opening price of $5.02 rose to touch an intraday high of $5.02 which eventually headed down to close at $4.92 per share. Over 11.24 million shares exchanged hands in the previous trading session. This number stood below the average volume of 7.33 million that was measured over a 30-day period.

This is fifth consecutive day over which there has been a drop in Gold prices. Gold futures have planed and not deviated from their course. The U.S. dollar is finally gaining some muscle post the dismal economic growth in Germany and France. Gold futures collapsed overnight by $9.80, in the Comex division on the New York Mercantile Exchange, on the 4th successive day of declines.

Over the last 12 months, IAMGOLD Corp (NYSE:IAG) generated a $ 334.70 million while its sales were $ 1.67 billion. IAG’s Analytic Ratios; Price to sales ratio over past twelve months was 1.20 while the price to cash ratio as 2.16. IAMGOLD Corp’s return on equity ratio stands at 9.29% and 7.60% is its return on assets.

Compania de Minas Buenaventura SA (NYSE:BVN): In Thursday’s trading session, Compania de Minas Buenaventura SA (NYSE:BVN) dropped 1.21%. Its opening price of $18.01 rose to touch an intraday high of $18.24 which eventually headed down to close at $17.90 per share. Over 1.31 million shares exchanged hands in the previous trading session. This number stood below the average volume of 1.59 million that was measured over a 30-day period.

Moving into 2013, Compania de Minas Buenaventura has seen a huge drop in interest from the aggregate-hedge fund industry and a certain segment of money managers have been dropping their full-holdings.

The Peru-based BVN is a mining company that is involved exploring, mining, smelting as well as the commercialization of silver and gold. It also deals in minerals and metals. Compania de Minas Buenaventura SA (NYSE:BVN) directly operates seven Peruvian mining units. These are situated in Orcopampa, Poracota, Julcani, Recuperada, Ishihuinca, Uchucchacua and Antapite. The company also has indirect mining operations in La Zanja, Shila-Paula and Colquijirca.


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Lacee Page is our White House and political campaign reporter. Lacee also covers justice and national law enforcement issues and congressional reporter focusing on the outputs of the legislative process: government spending, agency regulation and congressional oversight. Lacee received a national Edward R. Murrow for spot news award and the regional Associated Press award for best newscast. Lacee attended Riverview High School near Coshocton, and graduated from Ashland College in Ashland, Ohio with a Bachelor of Arts degree in Communications.

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