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Tale of the Tape

Zacks Equity Research

Why Buenaventura S.A.A. (BVN) Could Be Positioned for a Surge
October 03, 2016


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Compañìa de Minas Buenaventura S.A.A. (BVN - Snapshot Report) is a leading mining company producing precious metals in Peru 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 have gone higher for Buenaventura while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 2 cents a share 30 days ago, to 3 cents per share today, a move of 50%.

Current Year Estimates for BVN

Meanwhile, Buenaventura 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, increasing from 62 cents per share 30 days ago to 63 cents per share today, an increase of 1.6%.

BUENAVENTUR-ADR Price and Consensus


Bottom Line

The stock has also started to move higher lately, adding 5.1% 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 #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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