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

Focus Partners Wealth grew its position in Southern Copper Co. (NYSE:SCCO) by 106.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,892 shares of the basic materials company’s stock after purchasing an additional 2,528 shares during the period. Focus Partners Wealth’s holdings in Southern Copper were worth $446,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Southern Copper in the 4th quarter valued at about $30,000. Deseret Mutual Benefit Administrators raised 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 valued at $35,000 after buying an additional 257 shares during the period. IFP Advisors Inc raised 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 valued at $43,000 after buying an additional 281 shares during the period. Spire Wealth Management purchased a new stake in shares of Southern Copper during the 4th quarter valued at about $47,000. Finally, Larson Financial Group LLC raised 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 valued at $48,000 after buying an additional 114 shares during the period. 7.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SCCO has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their target price on Southern Copper from $84.00 to $83.50 and set a “neutral” rating on the stock in a report on Monday, April 14th. Hsbc Global Res upgraded Southern Copper from a “moderate sell” rating to a “hold” rating in a report on Thursday, April 24th. UBS Group dropped their target price on Southern Copper from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. StockNews.com downgraded Southern Copper from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Scotiabank lifted 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. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Southern Copper presently has an average rating of “Hold” and a consensus target price of $91.50.

Southern Copper Price Performance

Shares of NYSE SCCO opened at $91.58 on Wednesday. Southern Copper Co. has a twelve month low of $74.11 and a twelve month high of $125.60. The company has a current ratio of 2.77, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $72.91 billion, a price-to-earnings ratio of 21.20, a price-to-earnings-growth ratio of 1.90 and a beta of 1.05. The business has a 50 day simple moving average of $90.63 and a 200-day simple moving average of $94.55.

Southern Copper (NYSE:SCCO) last issued its quarterly earnings results 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. Southern Copper had a return on equity of 40.27% and a net margin of 29.53%. The business had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.05 billion. As a group, equities research analysts expect that Southern Copper Co. will post 4.66 earnings per share for the current year.

Southern Copper Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 5th were issued a $0.70 dividend. The ex-dividend date was Friday, May 2nd. This represents a dividend yield of 2.98%. Southern Copper’s dividend payout ratio (DPR) is 61.27%.

About Southern Copper

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.