Scotiabank Cuts Earnings Estimates for Buenaventura Mining

Key Points

• Scotiabank lowered its FY2026 EPS estimate for Buenaventura from $4.57 to $4.33, kept a "Sector Perform" rating and a $44 price target, and forecasted FY2027 EPS of $3.39.
• Buenaventura reported a strong quarter with $1.62 EPS (vs. $0.59 expected) and $623.4M revenue (vs. $451.6M expected) and announced a special dividend of $0.9904 payable May 12 (ex-dividend Apr 21).
• Despite the beat, the stock trades near $32.51 with a P/E of about 10.6 and carries an average analyst rating of "Hold" with an average price target of $44.00.

Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) - Equities researchers at Scotiabank lowered their FY2026 EPS estimates for Buenaventura Mining in a research note issued to investors on Thursday, April 23rd. Scotiabank analyst T. Jakusconek now forecasts that the mining company will earn $4.33 per share for the year, down from their prior estimate of $4.57. Scotiabank currently has a "Sector Perform" rating and a $44.00 target price on the stock. The consensus estimate for Buenaventura Mining's current full-year earnings is $4.26 per share. Scotiabank also issued estimates for Buenaventura Mining's FY2027 earnings at $3.39 EPS.

Buenaventura Mining (NYSE:BVN - Get Free Report) last posted its quarterly earnings results on Friday, February 27th. The mining company reported $1.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $1.03. Buenaventura Mining had a net margin of 45.17% and a return on equity of 20.39%. The business had revenue of $623.40 million for the quarter, compared to the consensus estimate of $451.60 million.

Other equities analysts also recently issued reports about the stock. Wall Street Zen raised shares of Buenaventura Mining from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 28th. Weiss Ratings reissued a "buy (b)" rating on shares of Buenaventura Mining in a research report on Monday, December 29th. Finally, Zacks Research downgraded shares of Buenaventura Mining from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 31st. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Buenaventura Mining currently has an average rating of "Hold" and an average price target of $44.00.

Buenaventura Mining Trading Down 0.8%

Buenaventura Mining stock opened at $32.51 on Tuesday. 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 has a market capitalization of $8.25 billion, a price-to-earnings ratio of 10.55 and a beta of 0.40. Buenaventura Mining has a one year low of $13.46 and a one year high of $44.67. The company's fifty day moving average price is $36.25 and its two-hundred day moving average price is $31.37.

Institutional Investors Weigh In On Buenaventura Mining

Several hedge funds and other institutional investors have recently made changes to their positions in BVN. Corient Private Wealth LLC lifted its stake in shares of Buenaventura Mining by 2.7% in the fourth quarter. Corient Private Wealth LLC now owns 17,857 shares of the mining company's stock valued at $497,000 after buying an additional 470 shares during the period. SmartHarvest Portfolios LLC lifted its stake in shares of Buenaventura Mining by 5.6% in the first quarter. SmartHarvest Portfolios LLC now owns 9,898 shares of the mining company's stock valued at $357,000 after buying an additional 529 shares during the period. PKO Investment Management Joint Stock Co lifted its stake in shares of Buenaventura Mining by 0.7% in the first quarter. PKO Investment Management Joint Stock Co now owns 88,544 shares of the mining company's stock valued at $3,191,000 after buying an additional 602 shares during the period. Ieq Capital LLC lifted its stake in shares of Buenaventura Mining by 6.6% in the fourth quarter. Ieq Capital LLC now owns 10,869 shares of the mining company's stock valued at $302,000 after buying an additional 674 shares during the period. Finally, Savant Capital LLC lifted its stake in shares of Buenaventura Mining by 6.0% in the fourth quarter. Savant Capital LLC now owns 12,585 shares of the mining company's stock valued at $350,000 after buying an additional 712 shares during the period.

Buenaventura Mining Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Tuesday, May 12th. Stockholders of record on Tuesday, April 21st will be given a $0.9904 dividend. The ex-dividend date of this dividend is Tuesday, April 21st. Buenaventura Mining's dividend payout ratio (DPR) is currently 35.39%.

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.

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