Scotiabank Expects Weaker Earnings for Buenaventura Mining

Buenaventura Mining Company Inc. (NYSE:BVN) – Analysts at Scotiabank decreased their FY2027 earnings per share estimates for Buenaventura Mining in a research report issued on Thursday, May 14th. Scotiabank analyst T. Jakusconek now expects that the mining company will earn $3.12 per share for the year, down from their prior forecast of $3.39. Scotiabank has a “Sector Perform” rating and a $44.00 price objective on the stock. The consensus estimate for Buenaventura Mining’s current full-year earnings is $4.31 per share.

A number of other research analysts have also recently issued reports on BVN. Weiss Ratings cut Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Zacks Research lowered shares of Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, Wall Street Zen raised shares of Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 28th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $44.00.

Buenaventura Mining Stock Performance

NYSE BVN opened at $32.85 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.01 and a quick ratio of 1.88. The company’s fifty day moving average is $34.89 and its two-hundred day moving average is $32.39. Buenaventura Mining has a 52-week low of $14.56 and a 52-week high of $44.67. The firm has a market capitalization of $8.33 billion, a price-to-earnings ratio of 8.53 and a beta of 0.32.

Buenaventura Mining (NYSE:BVN) last issued its quarterly earnings data on Thursday, April 30th. The mining company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.23. Buenaventura Mining had a net margin of 47.72% and a return on equity of 24.89%. The firm had revenue of $624.56 million for the quarter, compared to analyst estimates of $666.00 million.

Institutional Investors Weigh In On Buenaventura Mining

Several institutional investors have recently added to or reduced their stakes in the business. FIL Ltd grew its position in Buenaventura Mining by 8.8% during the fourth quarter. FIL Ltd now owns 13,473,909 shares of the mining company’s stock valued at $374,979,000 after acquiring an additional 1,085,443 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Buenaventura Mining by 38.5% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,196,976 shares of the mining company’s stock worth $175,102,000 after acquiring an additional 1,999,475 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Buenaventura Mining by 3,096,894.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,884,290 shares of the mining company’s stock valued at $163,760,000 after buying an additional 5,884,100 shares during the period. State Street Corp lifted its position in Buenaventura Mining by 1.2% during the fourth quarter. State Street Corp now owns 3,586,205 shares of the mining company’s stock valued at $99,804,000 after buying an additional 44,033 shares during the period. Finally, Tidal Investments LLC increased its holdings in shares of Buenaventura Mining by 10.5% during the third quarter. Tidal Investments LLC now owns 3,158,341 shares of the mining company’s stock valued at $76,842,000 after acquiring an additional 299,822 shares in the last quarter.

Buenaventura Mining Announces Dividend

The firm also recently declared a special dividend, which was paid on Tuesday, May 12th. Shareholders of record on Tuesday, April 21st were paid a dividend of $0.9904 per share. The ex-dividend date was Tuesday, April 21st. Buenaventura Mining’s payout ratio is 28.31%.

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.