Scotiabank Expects Weaker Earnings for Buenaventura Mining

Buenaventura Mining Company Inc. (NYSE:BVN) – Scotiabank lowered their FY2026 earnings estimates for Buenaventura Mining in a research note issued on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now anticipates that the mining company will post earnings per share of $3.80 for the year, down from their prior forecast of $4.41. Scotiabank has a “Sector Perform” rating and a $40.00 price target on the stock. The consensus estimate for Buenaventura Mining’s current full-year earnings is $3.93 per share. Scotiabank also issued estimates for Buenaventura Mining’s FY2027 earnings at $3.68 EPS.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley reduced their target price on Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating for the company in a report on Wednesday, July 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Buenaventura Mining in a report on Friday, July 31st. Finally, Wall Street Zen cut shares of Buenaventura Mining from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.25.

Buenaventura Mining Trading Down 0.6%

Shares of BVN stock opened at $35.26 on Monday. The business’s fifty day moving average price is $31.71 and its 200 day moving average price is $34.20. Buenaventura Mining has a 1-year low of $18.37 and a 1-year high of $44.67. The firm has a market capitalization of $8.95 billion, a PE ratio of 7.98 and a beta of 0.43. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.01 and a quick ratio of 1.88.

Buenaventura Mining (NYSE:BVN) last released its earnings results on Thursday, July 30th. The mining company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.05). The business had revenue of $528.99 million for the quarter, compared to analyst estimates of $610.00 million. Buenaventura Mining had a return on equity of 27.72% and a net margin of 50.88%.

Hedge Funds Weigh In On Buenaventura Mining

Several hedge funds have recently bought and sold shares of the company. Centrica Wealth Management LLC purchased a new stake in Buenaventura Mining during the second quarter worth $131,547,000. Nykredit A S purchased a new position in shares of Buenaventura Mining in the second quarter valued at $3,050,000. Navellier & Associates Inc. increased its position in shares of Buenaventura Mining by 40.2% in the second quarter. Navellier & Associates Inc. now owns 127,883 shares of the mining company’s stock valued at $3,746,000 after buying an additional 36,652 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Buenaventura Mining in the second quarter valued at $2,568,000. Finally, Ninepoint Partners LP acquired a new position in shares of Buenaventura Mining during the 2nd quarter worth $3,675,000.

About Buenaventura Mining

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.