GAMMA Investing LLC Buys 1,665 Shares of Buenaventura Mining Company Inc. (NYSE:BVN)

GAMMA Investing LLC grew its position in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 17.1% during the first quarter, Holdings Channel.com reports. The fund owned 11,382 shares of the mining company’s stock after purchasing an additional 1,665 shares during the quarter. GAMMA Investing LLC’s holdings in Buenaventura Mining were worth $178,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Buenaventura Mining in the fourth quarter valued at about $50,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Buenaventura Mining in the 4th quarter worth about $63,000. Sequoia Financial Advisors LLC increased its stake in Buenaventura Mining by 8.6% in the 4th quarter. Sequoia Financial Advisors LLC now owns 10,977 shares of the mining company’s stock valued at $126,000 after buying an additional 867 shares during the last quarter. Voya Investment Management LLC bought a new position in shares of Buenaventura Mining during the 4th quarter worth approximately $144,000. Finally, Bridgefront Capital LLC bought a new position in shares of Buenaventura Mining during the 4th quarter worth approximately $158,000.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BVN shares. Wall Street Zen raised Buenaventura Mining from a “hold” rating to a “buy” rating in a report on Thursday, May 1st. Scotiabank boosted their price objective on Buenaventura Mining from $15.00 to $15.50 and gave the stock a “sector perform” rating in a research report on Monday, April 14th.

Buenaventura Mining Price Performance

Shares of NYSE:BVN opened at $16.47 on Friday. The company has a market capitalization of $4.18 billion, a P/E ratio of 8.71 and a beta of 0.43. The company’s 50-day moving average is $15.56 and its 200 day moving average is $14.20. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.58 and a current ratio of 1.75. Buenaventura Mining Company Inc. has a fifty-two week low of $11.50 and a fifty-two week high of $17.71.

Buenaventura Mining Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, May 12th. Shareholders of record on Wednesday, April 16th were paid a $0.2922 dividend. This represents a yield of 0.5%. This is a boost from Buenaventura Mining’s previous semi-annual dividend of $0.07. The ex-dividend date of this dividend was Wednesday, April 16th. Buenaventura Mining’s payout ratio is presently 14.81%.

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.