Compania de Minas Buenaventura SAA ADR (BVN) — closed signal from May 6, 2026
Near target Published before the outcome was known, scored automatically when the window closed on August 4, 2026 — -5% at the close.
Predicted vs. what happened
What happened
Came within reach: 92% of the predicted growth at its peak, just short of the target.
The thesis — published May 6, 2026
Buenaventura is included as a cleaner precious-metals pick for the next few months because its latest quarterly report showed record sales, solid profits, and a clear rise in gold output. The stock looks less speculative thanks to low valuation and good profit margins, but weak trading, Peru-related risks, and sensitivity to metal prices mean confidence is positive but cautious.
Primary drivers
- Latest quarter delivered record sales and higher gold output, boosting earnings clarity
- Cheap valuation and strong profit margins lower downside risk compared to peers
- Exposure to precious metals can help balance more aggressive market leaders
- Operations appear to be improving more than many other mining companies
How it played out
BVN: rose 13.8% but missed the target
Lyra published the BVN thesis on May 6, 2026, at $33.97. It expected 15% growth and a $39.07 target. The thesis pointed to record sales, higher gold output, solid profits, a low valuation, and strong profit margins. It also noted weak trading, Peru-related risks, and sensitivity to metal prices.
BVN rose to $38.65 on May 13, a peak gain of 13.8%. That was below the $39.07 target, which it never reached during the window. The stock ended at $32.26 on August 4. The thesis partially played out, but the published target was missed.
What happened during the window
On July 16, 2026, Buenaventura announced its second-quarter production and sales volumes by metal.
Prices are shown split- and dividend-adjusted, matching what public charts show today.
Read the next call before it closes.
This is one signal, scored after the fact. Today’s picks come with the same plain-language thesis — published before anyone knows the outcome.