What is Scotiabank's Estimate for BVN FY2024 Earnings?

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN - Free Report) - Equities researchers at Scotiabank cut their FY2024 earnings estimates for Compañía de Minas Buenaventura S.A.A. in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now expects that the mining company will earn $1.16 per share for the year, down from their previous estimate of $1.34. Scotiabank currently has a "Sector Perform" rating and a $15.00 price target 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 research analysts also recently weighed in on the company. Morgan Stanley lowered their price target on Compañía de Minas Buenaventura S.A.A. from $21.00 to $18.00 and set an "overweight" rating on the stock in a research report on Thursday, September 19th. StockNews.com raised Compañía de Minas Buenaventura S.A.A. from a "hold" rating to a "buy" rating in a report on Friday, December 27th.

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

Shares of NYSE BVN traded up $0.49 during mid-day trading on Thursday, reaching $12.61. 1,267,107 shares of the company were exchanged, compared to its average volume of 899,061. Compañía de Minas Buenaventura S.A.A. has a 52 week low of $11.50 and a 52 week high of $18.84. The company's 50 day moving average price is $12.36 and its 200 day moving average price is $13.69. The stock has a market capitalization of $3.20 billion, a PE ratio of 8.94 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in shares of 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 valued at $23,501,000 after acquiring an additional 1,153,819 shares during 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 third 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 valued at $17,205,000 after purchasing an additional 833,819 shares during the period. Sagil Capital LLP purchased a new stake in Compañía de Minas Buenaventura S.A.A. in the third quarter worth approximately $16,989,000. Geode Capital Management LLC grew its position in Compañía de Minas Buenaventura S.A.A. by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 964,014 shares of the mining company's stock worth $13,225,000 after purchasing an additional 20,899 shares during the period. Finally, Jane Street Group LLC raised its stake in Compañía de Minas Buenaventura S.A.A. by 35.9% during the 3rd quarter. Jane Street Group LLC now owns 958,956 shares of the mining company's stock valued at $13,272,000 after buying an additional 253,421 shares during the last quarter.

Compañía de Minas Buenaventura S.A.A. Company Profile

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.