Shares of Buenaventura Mining (BVN) fell 5.08% in intraday trading on Friday, following the release of the company's fourth-quarter earnings report and an analyst rating update.
Buenaventura Mining reported a net income of $33.6 million, or $0.13 per share, for the fourth quarter of 2024. This marked a significant improvement from the loss reported in the same period a year earlier. The company's revenue for the quarter stood at $299.6 million, while its full-year revenue reached $1.15 billion, generating a profit of $402.7 million, or $1.59 per share.
However, Scotiabank analyst Tanya Jakusconek maintained a "Hold" rating on Buenaventura Mining's stock, potentially contributing to the stock's decline. While the company's financial performance showed signs of recovery, market sentiment may have been influenced by the analyst's assessment.
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