Compania de Minas Buenaventura SAA (NYSE:BVN) announced a semiannual dividend on Monday, November 5th, Wall Street Journal reports. Stockholders of record on Friday, November 16th will be paid a dividend of 0.06 per share by the mining company on Friday, December 7th. This represents a dividend yield of 0.85%. The ex-dividend date is Thursday, November 15th. This is a positive change from Compania de Minas Buenaventura SAA’s previous semiannual dividend of $0.02.
Compania de Minas Buenaventura SAA has increased its dividend by an average of 36.8% per year over the last three years. Compania de Minas Buenaventura SAA has a dividend payout ratio of 24.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Compania de Minas Buenaventura SAA to earn $0.87 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 13.8%.
Shares of BVN stock opened at $13.86 on Friday. Compania de Minas Buenaventura SAA has a 12 month low of $11.67 and a 12 month high of $16.80. The firm has a market cap of $3.57 billion, a PE ratio of 37.46 and a beta of 0.75. The company has a current ratio of 1.88, a quick ratio of 1.56 and a debt-to-equity ratio of 0.18.
BVN has been the topic of a number of research reports. ValuEngine cut shares of Compania de Minas Buenaventura SAA from a “buy” rating to a “hold” rating in a report on Monday, October 8th. Scotiabank set a $16.00 target price on shares of Compania de Minas Buenaventura SAA and gave the company a “hold” rating in a report on Wednesday, October 31st. Finally, Zacks Investment Research upgraded shares of Compania de Minas Buenaventura SAA from a “sell” rating to a “hold” rating in a report on Tuesday, October 16th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $16.00.
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About Compania de Minas Buenaventura SAA
Compañía de Minas Buenaventura SAA., a precious metals company, engages in the exploration, mining, and processing of gold, silver, lead, zinc, and copper metals in Peru, the United States, Europe, and Asia. The company operates five operating mining units, including Uchucchacua, Orcopampa, Julcani, Mallay, and Tambomayo in Peru; and San Gabriel, a mining unit under development stage.
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