$BVN: "Buena ventura" to come for this companyAbsolute unit of a Time@Mode signal in yearly timeframe scale in NYSE:BVN :
It needs to pop over $14.71 before EOY to trigger this.
Modest 45R multiple and a puny 1275% upside target by 2036 or sooner at play.
Probably nothing...
Best of luck!
Cheers,
Ivan Labrie.
BVN/N trade ideas
⛏️ Compañía de Minas Buenaventura (BVN): Paving the Way for GrowCompañía de Minas Buenaventura (BVN:NYSE), a prominent mining company operating in Peru, has achieved a significant milestone with the approval of the Yumpag project's Environmental Impact Assessment (EIA) on September 7, 2023. This approval paved the way for Buenaventura to proceed with the exploitation of the deposit, marking a crucial step towards development and potential future revenue streams.
Key Financial Highlights (as of September 30, 2023):
Debt Management Success: BVN showcased robust debt management, achieving a net debt reduction to $493.7 million. The average debt maturity of 2.7 years indicates a well-managed financial strategy.
Strong Cash Position: The company's cash position remained robust, bolstered by a $20 million increase in free cash flow in Q3 2023. This positive financial performance was attributed to the successful operations of El Brocal and dividends from Cerro Verde.
Investment Outlook:
With these positive indicators, the bullish sentiment on BVN is maintained. An entry target is set above $7.50-$7.70, reflecting confidence in Buenaventura's growth prospects. The upside target is ambitiously placed at $11.50-$12.00, anticipating further positive developments and success in the exploitation of the Yumpag project.
BUY $BVN - NRPicks April 04Buenaventura Mining Co Inc is a mining company involved in exploring, mining, and processing primarily gold and silver. The company's operating segments are Exploration and development activities; Energy generation and transmission services; Insurance brokerage; Rental of mining concessions; Holding of investment in shares and Industrial activities. It generates maximum revenue from the Exploration and development activities segment. Geographically, it derives a majority of revenue from Asia.
Market cap: 2.5 B
Rev: 676 M
Potential Operating Cash Flow (Proxy): 250 M
LT Debt: 530 M
Potential ROE: 11%
P/B 1x vs 2.3 industry
Earnings and Revennue growth: 57% (Next 3 Years)
BUY $BVN - NR Picks Ene 17Compañía de Minas Buenaventura S.A.A., a precious metals company, engages in the exploration, mining, and processing of gold, silver, lead, zinc, and copper metals in Peru, the United States, Europe, and Asia. The company operates four operating mining units, including Uchucchacua, Orcopampa, Julcani, and Tambomayo in Peru; and San Gabriel, a mining unit under development stage.
Fundamentals
- P/B 1x VS 1.7x industry
- +88% annual earnings growth forecast next 3 years
- 16.8% Debt to equity ratio
- Stable cash runway
Technicals
- Acumulation zone MA 200d
- Cross MA 50w
- 4 months channel $10.60 - $13.00
BVN Asc. Triangle BreakoutBVN has traded in a tight range since the March lows and has slowly worked its way to a breakout of the ascending triangle. The gap level $8.5 is the first resistance level, with $9.15 being the second, before a test of the 200 EMA. Considering how BVN has tested its 50 EMA (purple) 10+ times throughout May and failed, but has now closed above it for 3 days in a row, I have to think momentum sits strongly with the bulls.
As the stock currently sits, I favor accumulating while above $8.5 but still below $9.15. I am confident this stock will be higher by the end of the week as the 5 day EMA should continue to push the stock higher.
BVN is Ready for a Multiyear Breakout!Markets are on general path down. BVN is setting up nicely to buck that trend.
PRICE ACTION:
Long Term S/R Level at 16.37 is in the process of being broken. Notice the periods highlighted in yellow. Breaking 16.37 is not just a simple 52 week high or hourly, blah blah. This is nearly a 6 year ceiling that is being broken The last time this type move occurred was almost 12 years ago. Do think the time frame matters? Long Term TIme Frames set the trend.
EXPECTED ENTRY/EXIT: 17.00/30.00
TIME FRAME: 1 year
TYPE of TRADE: Buy and Hold
4-year long Inverse H&S, looks like a thong.This is one of the more extreme gold miner charts I've seen.
It dropped a whopping 75% in 2015 alone, and then got it all back in 2016. Wow!
Not to mention, it made higher lows in 2017.
If it continues to rally there is very little resistance. It probably will, since Gold is strong and USDollar is very weak (failed intermediate cycle).
An entry here offers explosive upside with a relatively close stop.