Scotiabank Has Bearish Forecast for BVN FY2026 Earnings

Key Points

• Scotiabank cut Buenaventura Mining’s FY2026 EPS forecast to $3.80 from $4.41 and maintained a “Sector Perform” rating with a $40 price target. It projects FY2027 EPS of $3.68, below the current-year consensus estimate of $3.93.
• Buenaventura’s latest quarterly results missed expectations, with EPS of $0.94 versus the $0.99 consensus and revenue of $528.99 million versus estimates of $610 million.
• Analyst sentiment remains mixed but leans positive: the stock has a “Moderate Buy” consensus rating and an average target price of $37.25, while shares recently opened at $35.39.

Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) - Investment analysts at Scotiabank dropped their FY2026 earnings per share (EPS) estimates for shares of Buenaventura Mining in a research report issued to clients and investors on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now expects that the mining company will earn $3.80 per share for the year, down from their prior estimate of $4.41. Scotiabank currently has a "Sector Perform" rating and a $40.00 price objective 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.

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

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

Buenaventura Mining Stock Performance

Shares of BVN stock opened at $35.39 on Monday. The company has a 50 day moving average price of $31.70 and a 200-day moving average price of $34.21. Buenaventura Mining has a 52 week low of $18.25 and a 52 week high of $44.67. The firm has a market capitalization of $8.98 billion, a PE ratio of 8.01 and a beta of 0.43. The company has a quick ratio of 1.88, a current ratio of 2.01 and a debt-to-equity ratio of 0.16.

Hedge Funds Weigh In On Buenaventura Mining

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in Buenaventura Mining during the second quarter valued at approximately $32,000. Banque Cantonale Vaudoise bought a new position in Buenaventura Mining in the first quarter worth approximately $45,000. Smartleaf Asset Management LLC raised its position in Buenaventura Mining by 1,725.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,917 shares of the mining company's stock worth $55,000 after acquiring an additional 1,812 shares during the period. Headlands Technologies LLC raised its position in Buenaventura Mining by 60.9% in the second quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company's stock worth $62,000 after acquiring an additional 1,424 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of Buenaventura Mining by 199.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,449 shares of the mining company's stock worth $96,000 after acquiring an additional 2,298 shares during the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source