Compañía de Minas Buenaventura S.A.A. (BVN) to Issue Semi-annual Dividend of $0.07 on May 16th

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN – Get Rating) announced a semi-annual dividend on Friday, April 8th, Wall Street Journal reports. Stockholders of record on Friday, April 22nd will be given a dividend of 0.073 per share by the mining company on Monday, May 16th. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, April 21st. This is an increase from Compañía de Minas Buenaventura S.A.A.’s previous semi-annual dividend of $0.03.

Compañía de Minas Buenaventura S.A.A. has a payout ratio of 19.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Compañía de Minas Buenaventura S.A.A. to earn $0.44 per share next year, which means the company should continue to be able to cover its $0.15 annual dividend with an expected future payout ratio of 34.1%.

Shares of BVN stock opened at $11.05 on Tuesday. The company’s 50-day moving average is $10.15. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.77 and a current ratio of 0.88. Compañía de Minas Buenaventura S.A.A. has a 1-year low of $6.11 and a 1-year high of $12.44. The company has a market capitalization of $2.81 billion, a P/E ratio of -10.62 and a beta of 0.67.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN – Get Rating) last released its quarterly earnings results on Friday, February 25th. The mining company reported $0.30 EPS for the quarter, meeting analysts’ consensus estimates of $0.30. Compañía de Minas Buenaventura S.A.A. had a positive return on equity of 3.65% and a negative net margin of 29.18%. The company had revenue of $253.35 million during the quarter, compared to analysts’ expectations of $226.38 million. During the same period last year, the business posted ($0.23) earnings per share. On average, sell-side analysts predict that Compañía de Minas Buenaventura S.A.A. will post 1.19 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of BVN. Squarepoint Ops LLC acquired a new stake in Compañía de Minas Buenaventura S.A.A. in the fourth quarter valued at approximately $124,000. Invesco Ltd. acquired a new stake in Compañía de Minas Buenaventura S.A.A. in the second quarter valued at approximately $251,000. Royal Bank of Canada grew its holdings in Compañía de Minas Buenaventura S.A.A. by 419.3% in the third quarter. Royal Bank of Canada now owns 65,188 shares of the mining company’s stock valued at $440,000 after purchasing an additional 52,635 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Compañía de Minas Buenaventura S.A.A. in the fourth quarter valued at approximately $952,000. Finally, Nuveen Asset Management LLC grew its holdings in Compañía de Minas Buenaventura S.A.A. by 1.5% in the fourth quarter. Nuveen Asset Management LLC now owns 466,844 shares of the mining company’s stock valued at $3,417,000 after purchasing an additional 6,800 shares during the period. 53.78% of the stock is currently owned by institutional investors.

Several research analysts have recently issued reports on BVN shares. StockNews.com started coverage on Compañía de Minas Buenaventura S.A.A. in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Morgan Stanley upgraded Compañía de Minas Buenaventura S.A.A. from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $7.00 to $11.10 in a research report on Wednesday, March 23rd. TheStreet upgraded Compañía de Minas Buenaventura S.A.A. from a “d” rating to a “c” rating in a research report on Thursday, March 3rd. Finally, Zacks Investment Research upgraded Compañía de Minas Buenaventura S.A.A. from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Monday, March 28th.

Compañía de Minas Buenaventura S.A.A. Company Profile (Get Rating)

Compañía de Minas Buenaventura SAA., a precious metals company, engages in the exploration, mining, concentration, smelting, and marketing of polymetallic ores and metals in Peru, the United States, Europe, and Asia. It explores for gold, silver, lead, zinc, and copper metals. The company operates four operating mining units, including Uchucchacua, Orcopampa, Julcani, and Tambomayo in Peru; and San Gabriel, a mining unit under development stage.

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