Southern Copper Corporation $SCCO Shares Purchased by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG boosted its stake in Southern Copper Corporation (NYSE:SCCO) by 10.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,620 shares of the basic materials company’s stock after buying an additional 2,690 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Southern Copper were worth $3,595,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of SCCO. Hopwood Financial Services Inc. purchased a new position in Southern Copper during the third quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. lifted its position in shares of Southern Copper by 65.1% in the third quarter. MJT & Associates Financial Advisory Group Inc. now owns 213 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 84 shares in the last quarter. Tobam purchased a new stake in shares of Southern Copper in the second quarter valued at $29,000. United Community Bank acquired a new stake in shares of Southern Copper during the third quarter valued at $30,000. Finally, Caitlin John LLC purchased a new stake in Southern Copper during the 3rd quarter worth about $30,000. Institutional investors and hedge funds own 7.94% of the company’s stock.

Analysts Set New Price Targets

SCCO has been the subject of several analyst reports. Morgan Stanley reissued an “underweight” rating and issued a $154.69 target price on shares of Southern Copper in a research note on Friday, January 30th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $127.91 price target on shares of Southern Copper in a research note on Wednesday, January 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Southern Copper in a report on Monday, December 29th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $116.51 price objective (down from $118.49) on shares of Southern Copper in a research note on Friday, January 23rd. Finally, Citigroup restated a “sell” rating on shares of Southern Copper in a research report on Monday, January 12th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and eight have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $139.99.

Insider Transactions at Southern Copper

In related news, Director Lerdo De Tejada Leon Contreras sold 9,326 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $209.56, for a total value of $1,954,344.91. Following the completion of the sale, the director directly owned 605 shares in the company, valued at approximately $126,783.04. The trade was a 93.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.07% of the company’s stock.

Southern Copper Stock Up 3.2%

Shares of NYSE:SCCO opened at $190.95 on Tuesday. The stock’s 50-day moving average price is $187.39 and its two-hundred day moving average price is $147.08. The company has a current ratio of 3.89, a quick ratio of 3.40 and a debt-to-equity ratio of 0.61. Southern Copper Corporation has a 12-month low of $74.84 and a 12-month high of $223.88. The firm has a market cap of $155.09 billion, a price-to-earnings ratio of 35.89, a PEG ratio of 1.91 and a beta of 1.03.

Southern Copper Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 10th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Tuesday, February 10th. This is an increase from Southern Copper’s previous quarterly dividend of $0.90. Southern Copper’s payout ratio is currently 75.19%.

Southern Copper Company Profile

Southern Copper Corporation (NYSE: SCCO) is a large, integrated copper producer whose operations span the full value chain from exploration and mining to smelting, refining and the sale of copper and other metal products. The company produces a range of copper products including copper concentrate and refined cathodes, and recovers valuable byproducts such as molybdenum, silver and zinc. Southern Copper concentrates on high-volume, long-life assets designed to support steady production and processing capabilities.

Southern Copper’s operations are concentrated in Peru and Mexico, where it owns and operates multiple large-scale mining and processing facilities.