Scotiabank Lifts Earnings Estimates for Buenaventura Mining

Buenaventura Mining Company Inc. (NYSE:BVN) – Equities research analysts at Scotiabank boosted their FY2025 earnings per share estimates for shares of Buenaventura Mining in a report released on Friday, January 30th. Scotiabank analyst T. Jakusconek now anticipates that the mining company will post earnings per share of $2.13 for the year, up from their prior estimate of $1.96. Scotiabank has a “Sector Perform” rating and a $27.00 price target on the stock. The consensus estimate for Buenaventura Mining’s current full-year earnings is $1.13 per share.

A number of other equities analysts have also weighed in on BVN. Weiss Ratings reiterated a “buy (b)” rating on shares of Buenaventura Mining in a research report on Monday, December 29th. Zacks Research cut shares of Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Finally, Wall Street Zen upgraded Buenaventura Mining from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $27.00.

Buenaventura Mining Trading Up 7.2%

Shares of NYSE:BVN opened at $36.52 on Monday. The stock has a 50 day moving average of $30.61 and a 200 day moving average of $24.50. The company has a market cap of $9.27 billion, a PE ratio of 21.48 and a beta of 0.31. Buenaventura Mining has a 12-month low of $12.27 and a 12-month high of $41.28. The company has a current ratio of 2.27, a quick ratio of 2.05 and a debt-to-equity ratio of 0.18.

Institutional Trading of Buenaventura Mining

A number of institutional investors and hedge funds have recently bought and sold shares of BVN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Buenaventura Mining by 38.5% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,196,976 shares of the mining company’s stock valued at $175,102,000 after purchasing an additional 1,999,475 shares during the last quarter. Tidal Investments LLC lifted its position in shares of Buenaventura Mining by 10.5% in the third quarter. Tidal Investments LLC now owns 3,158,341 shares of the mining company’s stock worth $76,842,000 after buying an additional 299,822 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Buenaventura Mining by 738.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,979,757 shares of the mining company’s stock valued at $82,927,000 after buying an additional 2,624,485 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Buenaventura Mining by 20.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,291,838 shares of the mining company’s stock valued at $37,632,000 after buying an additional 391,465 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Buenaventura Mining by 146.5% in the 3rd quarter. American Century Companies Inc. now owns 1,737,984 shares of the mining company’s stock worth $42,285,000 after acquiring an additional 1,033,045 shares during the last quarter.

Buenaventura Mining Company Profile

Compañía de Minas Buenaventura SAA. (NYSE: BVN) is one of Peru’s leading precious metals producers, primarily engaged in the exploration, development and operation of gold, silver and base metal mines. Headquartered in Lima, the company’s core activities cover the entire mining cycle from concession acquisition and project evaluation to extraction, milling and metal refining. Buenaventura also holds interests in smelting, refining and trading services, enabling it to market its products both domestically and internationally.

The company’s principal assets include several operating mines in Peru such as Uchucchacua (silver-lead-zinc), Orcopampa (gold-silver) and the Tambomayo gold mine.