FY2024 Earnings Forecast for BVN Issued By Scotiabank

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) – Research analysts at Scotiabank lowered their FY2024 earnings per share (EPS) estimates for Compañía de Minas Buenaventura S.A.A. in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now anticipates that the mining company will earn $1.16 per share for the year, down from their prior forecast of $1.34. Scotiabank currently has a “Sector Perform” rating and a $15.00 price objective on the stock. The consensus estimate for Compañía de Minas Buenaventura S.A.A.’s current full-year earnings is $1.22 per share. Scotiabank also issued estimates for Compañía de Minas Buenaventura S.A.A.’s FY2025 earnings at $1.53 EPS.

A number of other research firms have also issued reports on BVN. StockNews.com raised shares of Compañía de Minas Buenaventura S.A.A. from a “hold” rating to a “buy” rating in a report on Friday, December 27th. Morgan Stanley dropped their price objective on shares of Compañía de Minas Buenaventura S.A.A. from $21.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, September 19th.

Compañía de Minas Buenaventura S.A.A. Stock Up 4.0 %

Shares of BVN opened at $12.61 on Thursday. The stock has a 50 day moving average price of $12.37 and a 200 day moving average price of $13.70. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.40. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 8.94 and a beta of 0.81. Compañía de Minas Buenaventura S.A.A. has a one year low of $11.50 and a one year high of $18.84.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BVN. Bank of New York Mellon Corp increased its position in Compañía de Minas Buenaventura S.A.A. by 7.3% during the second quarter. Bank of New York Mellon Corp now owns 180,824 shares of the mining company’s stock worth $3,065,000 after purchasing an additional 12,365 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of Compañía de Minas Buenaventura S.A.A. during the 2nd quarter worth approximately $347,000. Rhumbline Advisers raised its position in shares of Compañía de Minas Buenaventura S.A.A. by 6.9% during the 2nd quarter. Rhumbline Advisers now owns 59,819 shares of the mining company’s stock valued at $1,014,000 after buying an additional 3,877 shares during the period. Acadian Asset Management LLC lifted its holdings in Compañía de Minas Buenaventura S.A.A. by 65.2% in the second quarter. Acadian Asset Management LLC now owns 326,206 shares of the mining company’s stock valued at $5,527,000 after acquiring an additional 128,736 shares during the last quarter. Finally, Caprock Group LLC acquired a new position in Compañía de Minas Buenaventura S.A.A. in the second quarter valued at approximately $282,000.

About Compañía de Minas Buenaventura S.A.A.

Compañía de Minas Buenaventura SAA. engages in the exploration, development, construction, and operation of mineral processing business. The company explores for gold, silver, lead, zinc, and copper metals. It operates operating mining units, including Tambomayo located in the Caylloma province, Orcopampa Unit located in the province of Castilla, Uchucchacua located in province of Oyón, Julcani located in province of Angaraes, Peru, as well as San Gabrie located in the province of General Sánchez Cerro, in the Moquegua region.