| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 87 | 7.7x | 17.8x | Top tier | |
Growth | 95 | 68.8% | 7.1% | Top tier | |
Quality | 75 | 14.4% | 4.5% | Top tier | |
Safety | 87 | — | 2.6x | Top tier | |
Capital Return | 82 | — | 2.12% | Top tier | |
Momentum | 59 | 78.4% | 2.9% | Around median | |
Sentiment | 70 | 3 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Compañía de Minas Buenaventura S.A.A. produces and sells gold, silver, and copper through assets including San Gabriel, El Brocal, Uchucchacua-Yumpag, and Julcani, so its revenue is tied to production and sales volumes and realized metal prices. Its investment in Cerro Verde adds cash flows through dividends, while Energetica de Huancavelica S.A.A. represents the group's power-generation arm. In Q2 FY2026, the consolidated production mix reached 30.1 thousand ounces of gold, up 12% year over year, 3.6 million ounces of silver, up 2%, and 13.5 thousand metric tons of copper, up 2%.
In Q2 FY2026, revenue rose 43% year over year to $529 million, and EBITDA from direct operations reached $277 million, up 113%. The EBITDA margin expanded from 35% to 52%, while net income increased 165% to $261 million, supported by operating performance and favorable metal prices. Capital expenditure reached $98 million and was concentrated in San Gabriel, El Brocal, and Uchucchacua-Yumpag.
EDGAR filings show a significant improvement in FY2024, with revenue of $1.2 billion, gross profit of $359.3 million, net income of $416.3 million, and earnings per share of 1.59, compared with revenue of $823.8 million, gross profit of $91.2 million, net income of $32.7 million, and earnings per share of 0.08 in FY2023. Gross profit in FY2024 was equivalent to approximately 30% of revenue, compared with approximately 11% in FY2023. At the end of Q2 FY2026, the company held $759 million in cash against total debt of $69.002 million, and its net debt-to-EBITDA ratio was negative 0.05 times.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus is “Buy,” with an average price target of $37.25 and a target range of $34.5 to $40. The average lies within the 52-week range of $19.33–44.67, but is approximately 17% below the upper end of that range, while the highest analyst target is approximately 10% below the range's peak. No price-to-earnings ratio is available in the data, so the valuation assessment is based on the target range and 52-week trading record, balancing the operational improvement against San Gabriel production-ramp risks and the sensitivity of Cerro Verde dividends to metal prices.
Figures in the text are as of 2026-08-29; the live price is shown at the top of the page.
Revenue rose 43% year over year to $529 million, and EBITDA from direct operations increased 113% to $277 million. The EBITDA margin expanded from 35% to 52%, while net income reached $261 million, up 165%. This coincided with a 12% increase in gold production to 30.1 thousand ounces and 2% growth in both silver and copper production, in addition to favorable metal prices.
San Gabriel began recording commercial sales in Q2 FY2026 and produced 2.8 thousand ounces of gold during the quarter. Management aims to reach recovery of approximately 70% by the end of FY2026 after reinforcing pressure-filter structures and testing additional reagents to address the impact of organic carbon and sulfide ores. Approaching the budgeted level of 85% is tied to an additional flotation circuit that is likely to be implemented by the end of FY2027, at an initial cost of approximately $15 million.
The new approval allowed the mining rate to increase from 1 thousand metric tons to 1.2 thousand metric tons per day, representing a 20% increase in capacity. Management expects this to increase FY2026 production by approximately 10% compared with the original plan because the approval came in the middle of the fiscal year. With connection to the national power grid in Q4 FY2026, the company targets operating costs that are 15% to 17% below the first-half level.
Cerro Verde dividends received since the beginning of FY2026 reached approximately $274 million, including $118 million received by Buenaventura in July 2026. Management expects total dividends of between $350 and $380 million during FY2026, but indicated that the level could decline by approximately $50–80 million in the following fiscal year depending on metal prices. At the end of Q2 FY2026, cash stood at $759 million and total debt at $69.002 million, with a net debt-to-EBITDA ratio of negative 0.05 times.
The main risk is a delay in the San Gabriel production ramp-up due to tailings-filter issues and the difficulty of recovering gold from organic carbon and sulfide ores. The company also faces an estimated 5% to 7% impact on operating expenses from higher diesel prices, along with higher commercial discounts on silver sales. Buenaventura also allocated approximately $12 million during the remainder of FY2026 to reinforce pumps, water treatment, dams, and reservoirs ahead of the rainy season beginning in December 2026.
The stock has a “Buy” consensus, with an average price target of $37.25 within a range of $34.5 to $40. This average lies between the bounds of the 52-week range of $19.33 and $44.67, but is approximately 17% below the upper end of the range. The data does not include a price-to-earnings ratio, so BVN's valuation here is based on analyst targets and the financial improvement in Q2 FY2026 versus San Gabriel risks and fluctuations in Cerro Verde dividends.
