Compania de Minas Buenaventura S.A. ADR (BVN) Shares on the Decline: Short-term Analysis

At the time of writing, Compania de Minas Buenaventura S.A. ADR [BVN] stock is trading at $15.71, down -1.07%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BVN shares have gain 2.08% over the last week, with a monthly amount drifted -4.38%, and not seem to be holding up well over a long-time horizon.

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On 18, March 2024, Buenaventura Obtains Key Operating Permit for Yumpag Mine. In a post published today on Yahoo Finance, 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, is pleased to announce it has received its final operating permit from the Peruvian Ministry of Energy and Mines to begin production at its Yumpag mine (“Yumpag”).

From an analyst’s perspective:

Compania de Minas Buenaventura S.A. ADR [NYSE: BVN] stock has seen the most recent analyst activity on March 12, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight. Previously, Morgan Stanley upgraded its rating to Overweight on September 21, 2023, and elevated its price target to $10.30. On March 24, 2022, upgrade upgraded it’s rating to Equal-Weight and revised its price target to $11.10 on the stock. Goldman downgraded its rating to a Neutral. Goldman upgraded its rating to a Buy. HSBC Securities downgraded its rating to Hold for this stock on January 17, 2020. In a note dated February 25, 2019, Morgan Stanley downgraded an Equal-Weight rating on this stock.

For the past year, the stock price of Compania de Minas Buenaventura S.A. ADR fluctuated between $6.45 and $17.80. Currently, Wall Street analysts expect the stock to reach $10 within the next 12 months. Compania de Minas Buenaventura S.A. ADR [NYSE: BVN] shares were valued at $15.71 at the most recent close of the market. An investor can expect a potential drop of -36.35% based on the average BVN price forecast.

Analyzing the BVN fundamentals

According to Compania de Minas Buenaventura S.A. ADR [NYSE:BVN], the company’s sales were 829.90M for trailing twelve months, which represents an 7.16% jump. Gross Profit Margin for this corporation currently stands at 0.1% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.01 and Total Capital is -0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.23.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.51 points at the first support level, and at 15.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.05, and for the 2nd resistance point, it is at 16.39.

Compania de Minas Buenaventura S.A. ADR [BVN] reported earnings per share of -$0.04 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.15/share, meaning a difference of -$0.19 and a surprise factor of -126.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.11 per share as compared to estimates of $0.11 per share, a difference of -$0.22 representing a surprise of -200.00%.

Ratios To Look Out For

It is important to note that Compania de Minas Buenaventura S.A. ADR [NYSE:BVN] has a current ratio of 1.31. Also, the Quick Ratio is 1.12, while the Cash Ratio stands at 0.5. Considering the valuation of this stock, the price to sales ratio is 4.80, the price to book ratio is 1.33 and price to earnings (TTM) ratio is 200.90.

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