OR Royalties has agreed to acquire a portfolio of eight precious metals royalties from Gold Fields affiliates for $115 million, anchored by a 1.5% NSR royalty on Buenaventura's producing San Gabriel gold and silver mine in Peru. The acquisition is expected to add immediate gold equivalent ounces (GEOs) and support OR Royalties' growth outlook of 80,000-90,000 GEOs in 2026, growing to 120,000-135,000 by 2030. The portfolio also includes royalties on development and exploration projects in Australia and Canada.

London-based Sagil Capital fully exited its position in Compañía de Minas Buenaventura (BVN), selling 447,516 shares for $10.89 million in Q4. Despite BVN's extraordinary 220% gain over the past year, the exit reflects portfolio risk management and reduced commodity overlap in a fund concentrated in energy and shipping. The move highlights the cyclical nature of mining stocks and the importance of discipline after significant gains.

Gold and silver prices collapsed on Friday, with silver down 27% and gold down 9.5% — their worst single-day declines since 1980. The selloff was triggered by President Trump's nomination of Kevin Warsh as Federal Reserve chair, perceived as a hawk who prioritizes inflation control over monetary stimulus. This unwound the 'debasement trade' that had driven precious metals higher in January, causing mining stocks to suffer double-digit losses.

One year into Trump's presidency, Peru and South Korea's country ETFs have dramatically outperformed the S&P 500 by nearly 90 percentage points. Peru's rally was driven by surging commodity and precious metals prices (gold +75%, silver +210%, copper +33%), benefiting materials-heavy companies. South Korea's outperformance was fueled by AI-related semiconductor demand, with Samsung and SK Hynix accounting for 70% of gains. While the S&P 500 delivered solid but unspectacular returns, these emerging markets captured outsized gains through different macro themes.

Sandvik has been awarded a major order for a fleet of underground mining equipment from the Peruvian mining company Compañia de Minas Buenaventura. The order is valued at approximately SEK 320 million and will be used at three of Buenaventura's underground mines.

Turmalina Metals Corp. has received approval from the TSX Venture Exchange for its Mineral Property Option Agreement with Compania De Minas Buenaventura S.A.A. to acquire a 100% interest in the Colquemayo Project in Peru.

Buenaventura Mining reported its Q2 2024 production results. Gold and silver production at some mines met expectations, while copper and silver output at the El Brocal mine fell short. Tambomayo's production exceeded the company's guidance.

Hecla Mining reported strong silver, gold, lead, and zinc production in Q2 2024, with increases across its key mines. The company is on track to meet its 2024 silver production guidance.

AMSC, BVN and TPL made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on June 25, 2024.

Here is how Buenaventura (BVN) and CSW Industrials (CSWI) have performed compared to their sector so far this year.

Morgan Stanley analyst Carlos De Alba has upgraded Freeport-McMoRan Inc (NYSE:FCX), Alcoa Corp (NYSE:AA), and Compañía de Minas Buenaventura SAA (NYSE:BVN) to Overweight, citing persistent copper supply challenges and positive developments within these companies. Freeport-McMoRan De Alba upgrades Freeport stock to Overweight. He expects the company to benefit from higher copper and gold prices, with a 26% upside to a $62 price target. FCX's delivery of the PT-FI smelter and the expected Grasberg mine agreement extension support this outlook. Trading at 6.8x 2025 EBITDA and 19.0x EPS, FCX is in a strong position to gain, the analyst says. Also Read: Freeport-McMoRan Stock Dips While Market Gains: Key Facts Alcoa Alcoa is upgraded to Overweight due to a ...Full story available on Benzinga.com

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. Oppenheimer analyst Brian Nagel upgraded the rating for NIKE, Inc. (NYSE:NKE) from Perform to Outperform, while raising the price target from $110 to $120. Nike shares gained 0.8% to close at $95.57 on Thursday. See how other analysts view this stock. Morgan Stanley analyst Carlos De Alba upgraded Alcoa Corporation (NYSE:AA) from Equal-Weight to Overweight and boosted the price target from $36.5 to $50. Alcoa shares ...Full story available on Benzinga.com