BVN Earnings Prediction
The chart below shows how BVN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BVN sees a +0.94% change in stock price 10 days leading up to the earnings, and a +1.45% change 10 days following the report. On the earnings day itself, the stock moves by +0.29%. This data can give you a slight idea of what to expect for the next quarter's release.
BVN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
331.11M
56.70%
19.49%
Gross Margin
38.28%
577.52%
-2.77%
Operating Margin
86.47%
718.53%
259.99%
Net Margin
74.26%
744.62%
176.26%
EPS
0.93
945.45%
232.14%
No Data Available
BVN Earnings Analysis
Compania de Minas Buenaventura S.A. Corporation (BVN.N) Earnings Conference Call
Positive
EBITDA Improvement: 1. Increased EBITDA: EBITDA from direct operations for Q3 2024 rose to $132 million, up from $28 million in the previous year, reflecting a significant improvement in operational performance.
Net Income Turnaround: 2. Record Net Income: The company reported a net income of $237 million in Q3 2024, a substantial turnaround from a net loss of $28 million in the same quarter of 2023.
Silver Production Surge: 3. Surge in Silver Production: Silver production reached 4.4 million ounces in Q3 2024, a remarkable increase from 1.9 million ounces produced in Q3 2023, driven by strong outputs from Uchucchacua and Yumpag.
Asset Sale Impact: 4. Successful Asset Sale: Buenaventura completed the sale of its Chaupiloma Royalty Company for $210 million, contributing positively to its cash position and financial flexibility.
Cash Position Improvement: 5. Strong Cash Position: The company's cash position improved to $458 million, with a net debt-to-EBITDA ratio of 0.5x, marking the lowest leverage ratio in years and demonstrating effective debt management.
Negative
Copper Production Decline: Copper production decreased 9% year-over-year in the third quarter of 2024, indicating a decline in output despite increased processing rates.
Increased Gold Cash Costs: Gold cash costs increased year-over-year, primarily driven by lower grades at Tambomayo and Orcopampa, reflecting challenges in maintaining profitability.
Cash Cost Increase: Total cash costs for the San Gabriel project rose to $1,300 per ounce, a 60% increase from initial estimates of $800, due to unexpected mining conditions and methods.
Operational Challenges Ahead: Coimolache's trailing profitability is close to breakeven, with production expected to resume only by the third quarter of 2025, indicating ongoing operational challenges.
Environmental Approval Delay: The environmental impact assessment for the Trapiche project is still pending approval, delaying potential development and revenue generation.
BVN FAQs
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BVN Earning Call Sentiment
Compañía de Minas Buenaventura S.A.A. (BVN) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
BVN.N
-0.3%Positive
The earnings call highlights strong financial performance with increased EBITDA, net income, and a reduced net debt-to-EBITDA ratio. Despite a decrease in copper production, silver and gold production rose. Management's optimistic guidance for 2025 and efficient cost management positively influence sentiment. The Q&A section reveals some uncertainties, but the overall outlook is favorable. The market cap suggests moderate volatility, leading to a positive stock price prediction of 2% to 8% over the next two weeks.
