| Why Buenaventura (BVN) Could Be Positioned for a Surge? | |
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Compania de Minas Buenaventura BVN is a company engaged in mining of precious metals that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on BVN’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Buenaventura could be a solid choice for investors.
Current Quarter Estimates for BVN
In the past 30 days, 1 estimate has gone higher for Buenaventura while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 5 cents a share 30 days ago, to a loss of 2 cents today, a move of 60%.
Current Year Estimates for BVN
Meanwhile, Buenaventura’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 4 cents per share 30 days ago to a loss of 1 cent per share today, an increase of 75%.
Bottom Line
The stock has also started to move higher lately, adding 19% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.
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VanEck Vectors Global Alternative Energy ETF
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PRODUCER |
CODE : BVN |
ISIN : US2044481040 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Buenaventura is a producing company based in Peru. Buenaventura produces gold, lead, silver and zinc in Peru, develops copper, gold and silver in Peru, and holds various exploration projects in Argentina, in Chile and in Peru. Its main assets in production are ORCOPAMPA, UCHUCCHACUA, COLQUIJIRCA MINE, YANACOCHA, CERRO VERDE and LA ZANJA in Peru, its main assets in development are CONGA and TANTAHUATAY in Peru and its main exploration properties are ISHIHUINCA, JULCANI, PORACOTA, ANTAPITE, RECUPERADA - BVN, MINAS CHANCA, TRAPICHE, PUQUIO JV and SABRINA in Peru and CERRO VERDE - MILL, CERRO VERDE - CRUSHED LEACH and CERRO VERDE - ROM LEACH in Chile. Buenaventura is listed in Germany and in United States of America. Its market capitalisation is 646.2 millions as of today (€ 581.2 millions). Its stock quote reached its lowest recent point on August 28, 1998 at 1.35, and its highest recent level on September 19, 2024 at 13.62. Buenaventura has 47 442 200 shares outstanding. |