Compania de Minas Buenaventura SAA (NYSE:BVN) declared a semiannual dividend on Monday, November 5th, Wall Street Journal reports. Shareholders of record on Friday, November 16th will be given a dividend of 0.06 per share by the mining company on Friday, December 7th. This represents a yield of 0.85%. The ex-dividend date is Thursday, November 15th. This is an increase from Compania de Minas Buenaventura SAA’s previous semiannual dividend of $0.02.

Compania de Minas Buenaventura SAA has raised 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%.

BVN opened at $13.86 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.56 and a debt-to-equity ratio of 0.18. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 37.46 and a beta of 0.75. Compania de Minas Buenaventura SAA has a 52-week low of $11.67 and a 52-week high of $16.80.

Compania de Minas Buenaventura SAA (NYSE:BVN) last posted its earnings results on Thursday, October 25th. The mining company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.19). The company had revenue of $271.85 million for the quarter. Compania de Minas Buenaventura SAA had a net margin of 5.28% and a return on equity of 3.31%. As a group, analysts expect that Compania de Minas Buenaventura SAA will post 0.38 EPS for the current year.

Several equities analysts have issued reports on BVN shares. ValuEngine cut shares of Compania de Minas Buenaventura SAA from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. Scotiabank restated a “hold” rating and set a $16.00 target price on shares of Compania de Minas Buenaventura SAA in a research note on Tuesday, July 17th. Finally, Zacks Investment Research raised shares of Compania de Minas Buenaventura SAA from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Compania de Minas Buenaventura SAA has an average rating of “Hold” and an average price target of $16.00.

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Compania de Minas Buenaventura SAA Company Profile

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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Dividend History for Compania de Minas Buenaventura SAA (NYSE:BVN)

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