BVN, US2044481040

Buenaventura reports Q3 output. Morgan Stanley targets Buenaventura stock at USD 39.00

Published on 10/25/2026 at 01:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 output reached 37,375 gold ounces and 3,360,520 silver ounces. October 29 results follow Q2 revenue of USD 528.99 million for Buenaventura stock.

Output and results dates

Buenaventura produced 37,375 gold ounces in the third quarter on October 15, 2026.
Morgan Stanley set a USD 39.00 target on October 7, 2026.
Buenaventura will publish third-quarter results on October 29, 2026.

BVN, US2044481040, Illustration mit AI erstellt.

Buenaventura (US2044481040) reported third-quarter production of 37,375 gold ounces on October 15, 2026, according to FT. On October 7, 2026, Morgan Stanley raised its target for the stock from USD 33.00 to USD 39.00, as reported by Markets Insider.

Production shows two stories

Direct operations produced 29,009 ounces of gold and 3,360,520 ounces of silver in the three months ended September 30, 2026. Including associated companies, gold output reached 37,375 ounces, while direct operations produced 4,270 metric tons of lead, 6,938 metric tons of zinc and 13,602 metric tons of copper, according to FT.

What does the target imply?

Morgan Stanley's USD 39.00 target is USD 6.00 above its previous USD 33.00 target. The October 7, 2026 note retained an Overweight rating, but the operating update also identified a constraint at San Gabriel during its ramp-up, where processing recovered to approximately 1,300 metric tons per day by quarter-end, according to Markets Insider and FT.

Three milestones in 2026

On July 30, 2026, Buenaventura reported second-quarter revenue of USD 528.99 million, below the USD 610.00 million consensus estimate, according to MarketBeat. On October 7, 2026, Morgan Stanley lifted its target to USD 39.00 from USD 33.00, and on October 15, 2026, Buenaventura reported 37,375 gold ounces for the third quarter, according to Markets Insider and FT.

October brings two dates

Buenaventura is scheduled to issue third-quarter results after the market close on October 29, 2026, followed by its earnings conference call at 12:00 p.m. ET on October 30, 2026, according to Morningstar.

Market value before results

As of October 23, 2026, Buenaventura had a USD 7.1 billion market capitalization. Its 52-week range was USD 21.00 to USD 44.67, leaving the October 29 report as the next test of whether production and financial results can support the valuation.

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