With a short percentage of shares outstanding of 1.99%, Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) is among the 9 Best Silver and Copper Stocks to Buy for the EV Transition.
On May 4, BofA lowered its price target on Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) to $12 from $14 while maintaining a Neutral rating on the shares
The firm stated that the company’s first-quarter results were largely in line with expectations and noted that management reaffirmed the timelines for its research and development programs. BofA added that it expects the stock to remain range-bound in the near term until the company addresses financing concerns ahead of potential catalysts expected in 2026. On April 29, Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) reported first-quarter revenue of $624.6 million, compared to analyst estimates of $651.5 million.
The company reported an 8% year-over-year increase in gold production, primarily driven by the ramp-up of operations at San Gabriel. Consolidated silver production rose 6% year-over-year due to stronger output from El Brocal, Uchucchacua, and Tambomayo, while lead and zinc production increased by 20% and 27%, respectively, supported by higher throughput at Uchucchacua. Copper production declined 11% year-over-year as El Brocal prioritized the processing of previously classified low-grade lead-silver ore during the quarter.