Dallas, Texas 01/02/2014 (FINANCIALSTRENDS) – Compania de Minas Buenaventura SAA (NYSE:BVN) is a $3 billion market capped mining firm which has its operations centred in Peru. From its exploration and mining operations, the firm has extracted gold and silver and other precious metals. The operations spread across seven fully owned mining properties and additional resources in the form of partnerships with other mining firms in potential mining areas. This firm also has a standalone entity which is into power generation and supply.
Compania de Minas Buenaventura SAA (NYSE:BVN) stock has followed most other gold manufacturing firms which have posted healthy gains at the stock market during trading on the first day of the new year. These gains yesterday have added to the close to 4.1 percent increase in value in the stock during trading last week. These marginal gains have failed to recoup the losses of close to 68 percent that the share holders of the stock have borne in the past 12 months. When trading closed for the day yesterday, the stock was trading at $11.22 per share, which translates into a 6.45 percent increase over its prior 52 week low price point.
Unlike most other gold manufacturers who are struggling to turn in profits, Compania de Minas Buenaventura SAA (NYSE:BVN) has managed to accumulate close to $325 million in net income over the past 12 months. In addition the company has attempted to shore up its reserves by paying out only $0.02 dividend payout in the past 12 months. This translates into a dividend yield of 0.18 percent and is way lower than dividend paid out by most of its peers. With the price of gold settling down to price points which are the lowest in the past three years, investors in the stock would be hoping that the recent upturn in the stock performance continues further.