Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Compania de Minas Buenaventura SAA ( (BVN) ) has provided an announcement.
On February 20, 2025, Compañía de Minas Buenaventura announced its financial results for the fourth quarter and full year of 2024. The company reported a significant increase in net income, reaching $402.7 million for the year, up from $19.9 million in 2023, driven by asset sales including the sale of Chaupiloma Royalty Company. Despite a decrease in production of silver, zinc, and lead, the company saw a rise in copper production by 5% year-over-year. Additionally, Buenaventura initiated strategic financial actions such as issuing $650 million in senior unsecured notes to refinance existing debt and proposed a dividend payment to shareholders.
More about Compania de Minas Buenaventura SAA
Compañía de Minas Buenaventura S.A.A. is Peru’s largest publicly traded company in the precious and base metals industry. It focuses on the exploration, mining development, processing, and trade of gold, silver, and other base metals through wholly-owned mines and joint ventures in Peru. Buenaventura also holds a significant stake in Sociedad Minera Cerro Verde, a key Peruvian copper producer.
YTD Price Performance: 8.26%
Average Trading Volume: 877,599
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.39B
For detailed information about BVN stock, go to TipRanks’ Stock Analysis page.
