Buenaventura Mining Plunges 10.27% on Q1 Earnings

On April 17, 2025, Buenaventura Mining experienced a significant drop of 10.27% in pre-market trading, reflecting a notable shift in investor sentiment towards the company.

Buenaventura Mining recently released its first-quarter 2025 results, which included commentary on its operations, particularly at the Tambomayo mine. The company's performance during this period is crucial for understanding its current financial health and future prospects.

Scotiabank has revised its price target for Buenaventura, increasing it from $15 to $15.50 while maintaining a Sector Perform rating. This adjustment comes as part of a broader reassessment of stocks within the Gold & Precious Minerals sector. The bank anticipates that margins will remain consistent with the previous quarter, acknowledging that the first quarter typically presents operational challenges for most companies. However, it predicts improved performance in the latter half of the year.

Wall Street analysts have provided a range of price targets for Buenaventura, with an average target of $15.68, implying an upside of 4.95% from the current price. The consensus recommendation from brokerage firms indicates a "Hold" status, suggesting a cautious outlook on the stock's near-term performance.