Compañía de Minas Buenaventura SAA (BVN) Stock

After a great 2023 for investor performance, Compañía de Minas Buenaventura has fallen -18% this calendar year with no dividend, impacted by minor declines in copper and gold production. The company is very profitable at US$2600 gold and $30 silver, with rising reserves, while high CAPEX this year and next is set to boost future production. I am forecasting another positive year for the monetary metals in 2025, with a forecast of $3500 gold and $40+ silver in 12 months, benefiting company results and growth rates.

The average of price targets set by Wall Street analysts indicates a potential upside of 28.6% in Buenaventura (BVN). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

I upgraded Compañía de Minas Buenaventura stock from "Sell" to "Buy" due to attractive entry point and positive outlook for metal prices and production improvements. BVN's gold production declined YoY in 9M-2024 but is on the way to recovery, while the rise in gold prices is not over with Fed rate cuts and investors' safe-haven purposes. The copper business may also have reflected a recession in US manufacturing, but expected Chinese stimulus measures may boost the growth prospects of the red metal.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN ) Q3 2024 Earnings Conference Call October 31, 2024 12:00 PM ET Company Participants Gabriel Salas - IRO Leandro Garcia - CEO Juan Carlos Ortiz - VP, Operations Daniel Dominguez - CFO Renzo Macher - VP, Projects Conference Call Participants Cesar Perez-Novoa - BTG Pactual Carlos De Alba - Morgan Stanley Tanya Jakusconek - Scotiabank Operator Good day, ladies and gentlemen.

LIMA, Peru--(BUSINESS WIRE)--Compañia de Minas Buenaventura S.A.A. (“Buenaventura” or “the Company”) (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru's largest publicly-traded precious metals mining company, today announced results for the third quarter (3Q24) and nine-month period ended September 30, 2024 (9M24). All figures have been prepared in accordance with IFRS (International Financial Reporting Standards) on a non-GAAP basis and are stated in U.S. dollars (US$). Third Quarter and Nine-Mon.

LIMA, Peru--(BUSINESS WIRE)--Compañía de Minas Buenaventura S.A.A. (“Buenaventura” or “the Company”) (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru's largest publicly-traded precious metals mining company, today announced 3Q24 results for production and volume sold. Production per Metal Three Months Ended September 30, 2024 Nine Months Ended September 30, 2024 2024 Updated Guidance (1)   Gold ounces produced             El Brocal 6,673   17,329   19.0k - 22.0k Orcopampa 17,831   54,426   70.0k.

LIMA, Peru--(BUSINESS WIRE)--Compañia de Minas Buenaventura S.A.A. (“Buenaventura” or “the Company”) (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru's largest publicly-traded precious metals mining company, today announced that it has closed a transaction to sell to a subsidiary of Franco-Nevada Corporation 100% of Chaupiloma Dos de Cajamarca (“Chaupiloma”), Buenaventura's subsidiary that owns 1.8% net smelter return royalty on all minerals (the “Royalty”) covering Newmont Corporation's Yanacoch.

LIMA, Peru--(BUSINESS WIRE)--Compañia de Minas Buenaventura S.A.A. (“Buenaventura” or “the Company”) (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru's largest publicly-traded precious metals mining company, today announced results for the second quarter (2Q24) and six-month period ended June 30, 2024 (6M24). All figures have been prepared in accordance with IFRS (International Financial Reporting Standards) on a non-GAAP basis and are stated in U.S. dollars (US$). Second Quarter and Six-Month 20.

Buenaventura (BVN) provides updates on second-quarter 2024 production results from its mines, along with its full-year guidance.