Compañía de Minas Buenaventura S.A.A. (BVN) to Issue Semi-annual Dividend of $0.07 on May 10th

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) announced a semi-annual dividend on Tuesday, April 9th, Wall Street Journal reports. Shareholders of record on Thursday, April 18th will be paid a dividend of 0.0726 per share by the mining company on Friday, May 10th. This represents a dividend yield of 0.5%. The ex-dividend date is Wednesday, April 17th.

Compañía de Minas Buenaventura S.A.A. Stock Down 2.9 %

Shares of Compañía de Minas Buenaventura S.A.A. stock opened at $16.05 on Monday. Compañía de Minas Buenaventura S.A.A. has a 1 year low of $6.45 and a 1 year high of $17.80. The business has a 50-day moving average of $15.98 and a two-hundred day moving average of $12.82. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.14 and a current ratio of 1.31.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last announced its quarterly earnings results on Thursday, February 29th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.17). Compañía de Minas Buenaventura S.A.A. had a return on equity of 0.84% and a net margin of 2.41%. The business had revenue of $253.80 million during the quarter, compared to the consensus estimate of $225.38 million. Analysts anticipate that Compañía de Minas Buenaventura S.A.A. will post 1 EPS for the current year.

Analysts Set New Price Targets

BVN has been the subject of several recent analyst reports. Morgan Stanley downgraded Compañía de Minas Buenaventura S.A.A. from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 12th. Scotiabank upped their price objective on Compañía de Minas Buenaventura S.A.A. from $12.50 to $13.00 and gave the stock a “sector underperform” rating in a research report on Monday, March 4th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BVN. Advisor Group Holdings Inc. boosted its position in shares of Compañía de Minas Buenaventura S.A.A. by 14,350.0% during the first quarter. Advisor Group Holdings Inc. now owns 7,225 shares of the mining company’s stock worth $73,000 after buying an additional 7,175 shares during the period. JPMorgan Chase & Co. boosted its position in Compañía de Minas Buenaventura S.A.A. by 38.5% during the first quarter. JPMorgan Chase & Co. now owns 1,301,251 shares of the mining company’s stock valued at $13,104,000 after purchasing an additional 361,466 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Compañía de Minas Buenaventura S.A.A. by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 386,131 shares of the mining company’s stock valued at $3,888,000 after purchasing an additional 4,760 shares during the last quarter. American Century Companies Inc. boosted its position in Compañía de Minas Buenaventura S.A.A. by 39.7% during the first quarter. American Century Companies Inc. now owns 126,411 shares of the mining company’s stock valued at $1,273,000 after purchasing an additional 35,902 shares during the last quarter. Finally, Citigroup Inc. boosted its position in Compañía de Minas Buenaventura S.A.A. by 133.6% during the first quarter. Citigroup Inc. now owns 289,561 shares of the mining company’s stock valued at $2,916,000 after purchasing an additional 165,613 shares during the last quarter.

Compañía de Minas Buenaventura S.A.A. Company Profile

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.