What is Scotiabank’s Estimate for BVN FY2024 Earnings?

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) – Equities researchers at Scotiabank reduced their FY2024 EPS estimates for shares of Compañía de Minas Buenaventura S.A.A. in a research report issued on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now expects that the mining company will post earnings of $1.16 per share for the year, down from their previous forecast of $1.34. Scotiabank currently has a “Sector Perform” rating and a $15.00 target price 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 equities analysts have also weighed in on the stock. Morgan Stanley reduced their target price 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. StockNews.com raised shares of Compañía de Minas Buenaventura S.A.A. from a “hold” rating to a “buy” rating in a research note on Friday, December 27th.

Compañía de Minas Buenaventura S.A.A. Price Performance

Shares of BVN stock opened at $12.66 on Thursday. Compañía de Minas Buenaventura S.A.A. has a 12-month low of $11.50 and a 12-month high of $18.84. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 8.98 and a beta of 0.81. The company has a quick ratio of 1.17, a current ratio of 1.40 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average of $12.36 and a 200-day moving average of $13.69.

Institutional Investors Weigh In On Compañía de Minas Buenaventura S.A.A.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BVN. Sagil Capital LLP bought a new stake in Compañía de Minas Buenaventura S.A.A. during the 3rd quarter worth about $16,989,000. JPMorgan Chase & Co. lifted its position in Compañía de Minas Buenaventura S.A.A. by 212.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,698,044 shares of the mining company’s stock worth $23,501,000 after buying an additional 1,153,819 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Compañía de Minas Buenaventura S.A.A. by 203.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,243,163 shares of the mining company’s stock worth $17,205,000 after buying an additional 833,819 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 35.9% in the 3rd quarter. Jane Street Group LLC now owns 958,956 shares of the mining company’s stock valued at $13,272,000 after purchasing an additional 253,421 shares during the period. Finally, Dorsey Wright & Associates bought a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the 2nd quarter valued at about $2,590,000.

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.