Southern Copper Co. (NYSE:SCCO) Shares Bought by Captrust Financial Advisors

Captrust Financial Advisors raised its holdings in Southern Copper Co. (NYSE:SCCO) by 12.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,864 shares of the basic materials company’s stock after acquiring an additional 632 shares during the period. Captrust Financial Advisors’ holdings in Southern Copper were worth $534,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. acquired a new position in Southern Copper in the 4th quarter valued at $30,000. Deseret Mutual Benefit Administrators increased its holdings in shares of Southern Copper by 210.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 379 shares of the basic materials company’s stock worth $35,000 after buying an additional 257 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Southern Copper by 143.4% during the 4th quarter. IFP Advisors Inc now owns 477 shares of the basic materials company’s stock worth $43,000 after buying an additional 281 shares during the last quarter. Spire Wealth Management acquired a new stake in shares of Southern Copper during the 4th quarter worth $47,000. Finally, Larson Financial Group LLC increased its holdings in shares of Southern Copper by 28.0% during the 4th quarter. Larson Financial Group LLC now owns 521 shares of the basic materials company’s stock worth $48,000 after buying an additional 114 shares during the last quarter. 7.94% of the stock is currently owned by institutional investors and hedge funds.

Southern Copper Stock Performance

NYSE:SCCO opened at $90.77 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.77 and a quick ratio of 2.31. The firm has a 50-day moving average of $90.63 and a two-hundred day moving average of $94.70. The stock has a market cap of $72.27 billion, a P/E ratio of 21.01, a PEG ratio of 1.90 and a beta of 1.05. Southern Copper Co. has a 1-year low of $74.11 and a 1-year high of $126.09.

Southern Copper (NYSE:SCCO) last posted its quarterly earnings data on Friday, April 25th. The basic materials company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.14. The company had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Southern Copper had a net margin of 29.53% and a return on equity of 40.27%. On average, research analysts expect that Southern Copper Co. will post 4.66 earnings per share for the current fiscal year.

Southern Copper Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, May 19th. Shareholders of record on Monday, May 5th will be given a $0.70 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a yield of 2.98%. Southern Copper’s payout ratio is currently 61.27%.

Analyst Upgrades and Downgrades

SCCO has been the subject of a number of research analyst reports. Hsbc Global Res upgraded Southern Copper from a “moderate sell” rating to a “hold” rating in a report on Thursday, April 24th. Scotiabank upped their price objective on Southern Copper from $52.00 to $72.00 and gave the stock a “sector underperform” rating in a report on Monday, March 10th. UBS Group dropped their price objective on Southern Copper from $120.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their price objective on Southern Copper from $84.00 to $83.50 and set a “neutral” rating for the company in a report on Monday, April 14th. Finally, StockNews.com upgraded Southern Copper from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Southern Copper has a consensus rating of “Hold” and an average target price of $91.50.

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.