Cerity Partners LLC Purchases 2,477 Shares of Southern Copper Corporation (NYSE:SCCO)

Cerity Partners LLC boosted its position in Southern Copper Corporation (NYSE:SCCO) by 15.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,335 shares of the basic materials company’s stock after acquiring an additional 2,477 shares during the period. Cerity Partners LLC’s holdings in Southern Copper were worth $1,714,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its stake in shares of Southern Copper by 3.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 25,206 shares of the basic materials company’s stock valued at $2,356,000 after purchasing an additional 780 shares in the last quarter. LBP AM SA boosted its stake in shares of Southern Copper by 51.8% during the 1st quarter. LBP AM SA now owns 26,951 shares of the basic materials company’s stock valued at $2,519,000 after purchasing an additional 9,201 shares in the last quarter. Valeo Financial Advisors LLC bought a new stake in shares of Southern Copper during the 1st quarter valued at about $201,000. Crossmark Global Holdings Inc. boosted its stake in shares of Southern Copper by 6.3% during the 1st quarter. Crossmark Global Holdings Inc. now owns 5,639 shares of the basic materials company’s stock valued at $527,000 after purchasing an additional 332 shares in the last quarter. Finally, Capital Advisors Inc. OK boosted its stake in shares of Southern Copper by 3.0% during the 1st quarter. Capital Advisors Inc. OK now owns 273,586 shares of the basic materials company’s stock valued at $25,569,000 after purchasing an additional 7,861 shares in the last quarter. Institutional investors own 7.94% of the company’s stock.

Southern Copper Price Performance

Southern Copper stock opened at $96.45 on Monday. The company has a market cap of $76.79 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 2.48 and a beta of 1.02. The firm’s fifty day moving average is $96.45 and its 200 day moving average is $93.67. The company has a quick ratio of 3.22, a current ratio of 3.71 and a debt-to-equity ratio of 0.70. Southern Copper Corporation has a 52-week low of $74.11 and a 52-week high of $118.64.

Southern Copper (NYSE:SCCO) last announced its earnings results on Friday, April 25th. The basic materials company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.14. The business had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.05 billion. Southern Copper had a net margin of 30.00% and a return on equity of 39.39%. Sell-side analysts forecast that Southern Copper Corporation will post 4.66 EPS for the current fiscal year.

Southern Copper Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 5th were issued a dividend of $0.70 per share. This represents a yield of 2.98%. The ex-dividend date was Friday, May 2nd. Southern Copper’s payout ratio is 61.27%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SCCO shares. Itau BBA Securities raised shares of Southern Copper from an “underperform” rating to a “market perform” rating in a research report on Wednesday, June 11th. JPMorgan Chase & Co. lowered their price target on shares of Southern Copper from $83.50 to $79.00 and set a “neutral” rating for the company in a research report on Thursday, July 3rd. UBS Group cut shares of Southern Copper from a “buy” rating to a “neutral” rating and set a $105.00 price target for the company. in a research report on Tuesday, July 1st. Hsbc Global Res raised shares of Southern Copper from a “moderate sell” rating to a “hold” rating in a research report on Thursday, April 24th. Finally, Wall Street Zen cut shares of Southern Copper from a “buy” rating to a “hold” rating in a research report on Tuesday, May 20th. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $91.00.

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.