Compania de Minas Buenaventura S.A.A. (NYSE: BVN) stock jumped 5.17% on Tuesday to $8.14 against a previous-day closing price of $7.74. With 1.11 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.91 million shares. During the session, the Other Precious Metals & Mining company that operates in wider Basic Materials sector, reached to the highest price of $8.20 whereas the lowest price it dropped to was $7.74. The 52-week range on BVN shows that it touched its highest point at $12.35 and its lowest point at $5.09 during that stretch. It currently has a 1-year price target of $9.70. With its current market cap of 1.49 billion, BVN has annualized dividend of $0.07 while the current yield stands at 0.90%. Beta for the stock currently stands at 0.44.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BVN was up-trending over the past week, with a rise of 0.37%, but this was up by 22.78% over a month. Three-month performance surged to 44.58% while six-month performance fell -5.79%. The stock gained 24.27% in the past year, while it has gained 11.20% so far this year. A look at the trailing 12-month EPS for BVN yields 0.72 with Next year EPS estimates of 0.48. For the next quarter, that number is 0.05. This implies an EPS growth rate of 187.50% for this year and -46.40% for next year. EPS is expected to grow by 18.43% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 19.20%.
Float and Shares Shorts:
At present, 253.99 million BVN shares are outstanding with a float of 251.45 million shares on hand for trading. On Oct 13, 2022, short shares totaled 10.08 million, which was 3.97% higher than short shares on Sep 14, 2022. In addition to Mr. Leandro Luis Martin Garcia Raggio as the firm’s GM & CEO, Mr. Daniel Dominguez Vera serves as its VP of Fin. & Admin. and CFO.
Through their ownership of 62.51% of BVN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 31.88% of BVN, in contrast to 22.56% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in BVN with 9.42% of the stake, Van Eck Associates Corp. holds 23,902,876 shares worth 23,902,876. A second-largest stockholder of BVN, 1832 Asset Management LP, holds 15,841,355 shares, controlling over 6.24% of the firm’s shares. Westwood Global Investments LLC is the third largest shareholder in BVN, holding 13,794,639 shares or 5.44% stake. With a 5.40% stake in BVN, the VanEck Gold Miners ETF is the largest stakeholder. A total of 13,696,711 shares are owned by the mutual fund manager. The VanEck Junior Gold Miners ETF, which owns about 3.36% of BVN stock, is the second-largest Mutual Fund holder. It holds 8,519,310 shares valued at 59.12 million. AFP Integra – Fondo 2 holds 3.22% of the stake in BVN, owning 8,159,240 shares worth 56.63 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BVN since 7 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BVN analysts setting a high price target of $16.86 and a low target of $6.50, the average target price over the next 12 months is $9.21. Based on these targets, BVN could surge 107.13% to reach the target high and fall by -20.15% to reach the target low. Reaching the average price target will result in a growth of 13.14% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. BVN will report FY 2022 earnings on 02/23/2023. Analysts have provided yearly estimates in a range of $2.47 being high and $1.44 being low. For BVN, this leads to a yearly average estimate of $2.11. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Compania de Minas Buenaventura S.A.A. surprised analysts by -$0.06 when it reported -$0.08 EPS against a consensus estimate of -$0.03. The surprise factor in the prior quarter was -$0.36. Based on analyst estimates, the high estimate for the next quarter is $0.05 and the low estimate is $0.05. The average estimate for the next quarter is thus $0.05.