BVN vs HL: Compania de Minas Buenaventura SAA ADR and Hecla Mining compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Hecla Mining is the larger company, worth $8.9B, close to Compania de Minas Buenaventura SAA ADR's $7.4B.
- Hecla Mining grew revenue faster over the last year (+52.5% vs +40.1%).
- Hecla Mining keeps more of each dollar of revenue as operating profit (46.0% vs 38.6%).
- On earnings, Hecla Mining is the cheaper stock (19.2x vs 20.4x).
- Compania de Minas Buenaventura SAA ADR's price assumes faster free cash flow growth: about 17% a year, against 10% for Hecla Mining (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | BVN | HL |
|---|---|---|
| Market cap | $7.4B | $8.9B |
| Share price | $32.46 | $17.07 |
| Revenue (last fiscal year) | $1.2B | $1.4B |
| Free cash flow (last fiscal year) | $148M | $310M |
| Revenue growth, last year | +40.1% | +52.5% |
| Revenue growth per year, last 5 fiscal years | +14.3% | +15.2% |
| Operating margin | 38.6% | 46.0% |
| Net margin | 34.9% | 20.8% |
| Return on equity | 11.9% | 12.5% |
| P/E (trailing) | 20.4x | 19.2x |
| Price / free cash flow | 70.7x | 28.7x |
| EV / EBITDA | 8.43x | 10.5x |
| FCF growth the price implies | 17.0% | 9.7% |
| Dividend yield | 3.9% | 0.11% |
| Debt / equity | 0.44x | 0.19x |
| Fundamental grade | B | A |
| Superinvestors holding it | 1 | 3 |
| Insider purchases, last 12 months | 0 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Compania de Minas Buenaventura SAA ADR
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2020 | $677M | $51M | -12.0% |
| 2021 | $900M | -$324M | -7.3% |
| 2022 | $825M | -$110M | -4.7% |
| 2023 | $824M | -$12M | 2.6% |
| 2024 | $1.2B | $148M | 38.6% |
Hecla Mining
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $807M | $111M | 10.3% |
| 2022 | $719M | -$59M | -1.7% |
| 2023 | $720M | -$148M | -6.2% |
| 2024 | $930M | $4M | 11.4% |
| 2025 | $1.4B | $310M | 36.2% |
Where the revenue comes from
Compania de Minas Buenaventura SAA ADR · by segments, 2025
Uchucchacua / Yumpag$527M31%
Colquijirca$501M29%
Orcopampa$202M12%
Tambomayo$104M6%
Trading$96M6%
Industrial activities$93M5%
Hecla Mining · by segments, 2023
Greens Creek$385M53%
Casa Berardi$178M25%
Lucky Friday$116M16%
Keno Hill$36M5%
Other Segments$5M1%
Nevada Operations$960,0000%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open BVN in InvestinglyQuestions
Which is bigger, Compania de Minas Buenaventura SAA ADR or Hecla Mining?
Hecla Mining (HL), at $8.9B against $7.4B.
Is BVN or HL cheaper?
By trailing P/E, Hecla Mining (19.2x) is cheaper than Compania de Minas Buenaventura SAA ADR (20.4x). A lower multiple can also mean the market expects less growth.
Which grows faster, BVN or HL?
Hecla Mining: revenue grew +52.5% over the last year, against +40.1%.
More comparisons
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.