Southern Copper Co. (NYSE:SCCO) Shares Sold by Xponance Inc.

Xponance Inc. lowered its stake in shares of Southern Copper Co. (NYSE:SCCO) by 2.9% in the fourth quarter, HoldingsChannel reports. The firm owned 11,576 shares of the basic materials company’s stock after selling 345 shares during the quarter. Xponance Inc.’s holdings in Southern Copper were worth $996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in SCCO. Hartford Financial Management Inc. bought a new stake in Southern Copper in the third quarter valued at $25,000. Viking Fund Management LLC acquired a new stake in shares of Southern Copper in the 4th quarter worth about $31,000. Venturi Wealth Management LLC lifted its position in Southern Copper by 164.8% in the 4th quarter. Venturi Wealth Management LLC now owns 482 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 300 shares during the last quarter. Washington Trust Advisors Inc. acquired a new position in Southern Copper during the 4th quarter valued at about $45,000. Finally, Planned Solutions Inc. bought a new position in Southern Copper in the 4th quarter worth about $88,000. 7.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SCCO shares. StockNews.com cut Southern Copper from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Scotiabank boosted their price target on Southern Copper from $53.00 to $55.00 and gave the stock a “sector underperform” rating in a research report on Thursday, April 18th. JPMorgan Chase & Co. decreased their price target on Southern Copper from $63.50 to $61.00 and set an “underweight” rating for the company in a research note on Thursday, March 21st. CICC Research assumed coverage on shares of Southern Copper in a research note on Wednesday. They set an “outperform” rating on the stock. Finally, Jefferies Financial Group raised shares of Southern Copper from a “hold” rating to a “buy” rating and upped their price objective for the stock from $91.00 to $130.00 in a report on Friday, March 22nd. Five research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $76.00.

Southern Copper Stock Up 2.4 %

SCCO opened at $111.84 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.46 and a current ratio of 3.19. The company has a market capitalization of $86.46 billion, a PE ratio of 35.62, a P/E/G ratio of 3.13 and a beta of 1.29. The stock’s fifty day moving average is $99.14 and its 200-day moving average is $85.25. Southern Copper Co. has a one year low of $64.66 and a one year high of $120.37.

Southern Copper (NYSE:SCCO) last issued its quarterly earnings results on Friday, February 2nd. The basic materials company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.15). Southern Copper had a return on equity of 30.85% and a net margin of 24.51%. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.37 billion. On average, equities analysts predict that Southern Copper Co. will post 3.95 EPS for the current fiscal year.

Southern Copper Profile

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc, copper, molybdenum, silver, gold, and lead.