Southern Copper Co. (NYSE:SCCO) Shares Acquired by TFO Wealth Partners LLC

TFO Wealth Partners LLC lifted its stake in shares of Southern Copper Co. (NYSE:SCCOFree Report) by 34,680.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,739 shares of the basic materials company’s stock after acquiring an additional 1,734 shares during the period. TFO Wealth Partners LLC’s holdings in Southern Copper were worth $150,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Fisher Asset Management LLC grew its holdings in shares of Southern Copper by 1.1% during the 4th quarter. Fisher Asset Management LLC now owns 3,348,385 shares of the basic materials company’s stock worth $288,195,000 after purchasing an additional 37,823 shares during the period. abrdn plc increased its position in shares of Southern Copper by 2.3% in the fourth quarter. abrdn plc now owns 3,041,233 shares of the basic materials company’s stock worth $261,759,000 after acquiring an additional 67,930 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Southern Copper by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 968,149 shares of the basic materials company’s stock valued at $72,892,000 after acquiring an additional 12,201 shares during the period. Legal & General Group Plc lifted its holdings in shares of Southern Copper by 5.1% during the 3rd quarter. Legal & General Group Plc now owns 928,187 shares of the basic materials company’s stock valued at $69,883,000 after acquiring an additional 44,841 shares in the last quarter. Finally, Norges Bank purchased a new stake in Southern Copper during the 4th quarter worth $71,802,000. Institutional investors and hedge funds own 7.94% of the company’s stock.

Insider Buying and Selling

In other Southern Copper news, Director Bonilla Luis Miguel Palomino sold 300 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $118.50, for a total value of $35,550.00. Following the sale, the director now directly owns 4,614 shares of the company’s stock, valued at $546,759. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 500 shares of company stock worth $55,280 over the last ninety days. 0.08% of the stock is owned by insiders.

Southern Copper Trading Down 4.8 %

Shares of NYSE SCCO opened at $110.18 on Wednesday. The stock’s 50 day moving average price is $115.49 and its two-hundred day moving average price is $94.57. Southern Copper Co. has a 52-week low of $67.64 and a 52-week high of $129.79. The stock has a market capitalization of $86.07 billion, a P/E ratio of 36.62, a PEG ratio of 1.27 and a beta of 1.23. The company has a quick ratio of 2.56, a current ratio of 3.31 and a debt-to-equity ratio of 0.82.

Southern Copper (NYSE:SCCOGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The basic materials company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.17. Southern Copper had a return on equity of 30.44% and a net margin of 24.20%. The firm had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.50 billion. On average, analysts anticipate that Southern Copper Co. will post 4.22 earnings per share for the current fiscal year.

Southern Copper Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Wednesday, May 8th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend was Tuesday, May 7th. Southern Copper’s dividend payout ratio (DPR) is presently 1.33%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. JPMorgan Chase & Co. reduced their price objective on Southern Copper from $63.50 to $61.00 and set an “underweight” rating on the stock in a research note on Thursday, March 21st. The Goldman Sachs Group increased their price objective on shares of Southern Copper from $61.00 to $82.00 and gave the company a “sell” rating in a research report on Friday, March 22nd. HSBC cut shares of Southern Copper from a “hold” rating to a “reduce” rating and set a $80.00 target price on the stock. in a research report on Monday, April 22nd. CICC Research began coverage on shares of Southern Copper in a research note on Wednesday, April 24th. They set an “outperform” rating on the stock. Finally, Morgan Stanley upped their price objective on shares of Southern Copper from $123.00 to $135.00 and gave the company an “underweight” rating in a research report on Tuesday, April 30th. Five investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $90.33.

Read Our Latest Report on Southern Copper

Southern Copper Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Southern Copper (NYSE:SCCO)

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