Buenaventura Mining Company Inc. (NYSE:BVN) Plans $0.14 Special Dividend

Buenaventura Mining Company Inc. (NYSE:BVN) announced a special dividend on Tuesday, November 4th. Stockholders of record on Wednesday, November 19th will be given a dividend of 0.1446 per share by the mining company on Tuesday, December 9th. The ex-dividend date of this dividend is Wednesday, November 19th.

Buenaventura Mining has decreased its dividend by an average of 0.0%per year over the last three years. Buenaventura Mining has a dividend payout ratio of 14.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Buenaventura Mining to earn $1.48 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 18.9%.

Buenaventura Mining Trading Up 3.5%

Buenaventura Mining stock traded up $0.74 during trading hours on Wednesday, reaching $21.90. 387,069 shares of the company’s stock traded hands, compared to its average volume of 1,111,664. Buenaventura Mining has a fifty-two week low of $11.50 and a fifty-two week high of $26.97. The firm’s 50 day moving average is $22.34 and its 200-day moving average is $18.45. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.31 and a current ratio of 2.54. The firm has a market capitalization of $5.56 billion, a price-to-earnings ratio of 11.11 and a beta of 0.27.

Buenaventura Mining (NYSE:BVN) last posted its quarterly earnings results on Thursday, October 30th. The mining company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.25. Buenaventura Mining had a return on equity of 9.47% and a net margin of 38.38%.The firm had revenue of $431.00 million during the quarter, compared to the consensus estimate of $355.57 million. On average, analysts predict that Buenaventura Mining will post 1.13 earnings per share for the current year.

Institutional Investors Weigh In On Buenaventura Mining

Large investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd acquired a new position in Buenaventura Mining in the 2nd quarter worth about $28,000. Raymond James Financial Inc. acquired a new stake in Buenaventura Mining in the second quarter valued at approximately $32,000. Brooklyn Investment Group lifted its stake in Buenaventura Mining by 1,363.9% in the first quarter. Brooklyn Investment Group now owns 1,947 shares of the mining company’s stock worth $30,000 after acquiring an additional 1,814 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Buenaventura Mining in the 1st quarter valued at $36,000. Finally, Headlands Technologies LLC acquired a new stake in Buenaventura Mining during the 1st quarter worth $37,000.

About Buenaventura Mining

Compañía de Minas Buenaventura SAA. engages in the exploration, development, construction, and operation of mineral processing business. The company explores for gold, silver, lead, zinc, and copper metals. It operates operating mining units, including Tambomayo located in the Caylloma province, Orcopampa Unit located in the province of Castilla, Uchucchacua located in province of Oyón, Julcani located in province of Angaraes, Peru, as well as San Gabrie located in the province of General Sánchez Cerro, in the Moquegua region.