B. Metzler seel. Sohn & Co. AG Acquires 4,805 Shares of Southern Copper Corporation $SCCO

B. Metzler seel. Sohn & Co. AG grew its position in shares of Southern Copper Corporation (NYSE:SCCO) by 16.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,425 shares of the basic materials company’s stock after buying an additional 4,805 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Southern Copper were worth $4,961,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Capital World Investors lifted its position in shares of Southern Copper by 36.1% during the 3rd quarter. Capital World Investors now owns 6,437,608 shares of the basic materials company’s stock worth $781,268,000 after buying an additional 1,708,693 shares in the last quarter. State Street Corp lifted its position in shares of Southern Copper by 1.5% during the 3rd quarter. State Street Corp now owns 2,795,976 shares of the basic materials company’s stock worth $339,320,000 after buying an additional 40,847 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Southern Copper by 12.8% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,091,632 shares of the basic materials company’s stock worth $132,479,000 after buying an additional 123,532 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Southern Copper by 1.5% during the 3rd quarter. Legal & General Group Plc now owns 955,924 shares of the basic materials company’s stock worth $116,012,000 after buying an additional 14,212 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Southern Copper by 11.2% during the 3rd quarter. Vanguard Group Inc. now owns 950,018 shares of the basic materials company’s stock worth $115,294,000 after buying an additional 96,013 shares in the last quarter. Institutional investors own 7.94% of the company’s stock.

Southern Copper Trading Down 2.9%

Shares of SCCO stock opened at $182.33 on Friday. The company has a 50 day moving average of $186.15 and a 200-day moving average of $162.84. The company has a quick ratio of 3.40, a current ratio of 3.89 and a debt-to-equity ratio of 0.61. Southern Copper Corporation has a 12-month low of $86.59 and a 12-month high of $223.88. The firm has a market cap of $149.35 billion, a P/E ratio of 34.27, a PEG ratio of 1.89 and a beta of 1.16.

Southern Copper (NYSE:SCCO) last issued its quarterly earnings results on Wednesday, January 28th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.01. Southern Copper had a net margin of 32.30% and a return on equity of 41.97%. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter last year, the business posted $0.98 EPS. Sell-side analysts anticipate that Southern Copper Corporation will post 6.79 earnings per share for the current year.

Insider Activity at Southern Copper

In other news, Director Lerdo De Tejada Leon Contreras sold 9,326 shares of the firm’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 transaction of $1,954,344.91. Following the completion of the sale, the director owned 605 shares in the company, valued at $126,783.04. This trade represents a 93.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Bonilla Luis Miguel Palomino sold 193 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $174.60, for a total transaction of $33,697.80. Following the sale, the director owned 1,707 shares of the company’s stock, valued at approximately $298,042.20. The trade was a 10.16% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 9,526 shares of company stock valued at $1,989,373. 0.07% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Morgan Stanley lifted their target price on shares of Southern Copper from $155.00 to $160.00 and gave the stock an “underweight” rating in a research report on Thursday, April 9th. Bank of America cut shares of Southern Copper from a “neutral” rating to an “underperform” rating and lifted their target price for the stock from $162.00 to $175.00 in a research report on Thursday, February 26th. JPMorgan Chase & Co. lifted their target price on shares of Southern Copper from $117.50 to $127.00 and gave the stock an “underweight” rating in a research report on Friday, April 10th. Wall Street Zen raised shares of Southern Copper from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Finally, UBS Group dropped their target price on shares of Southern Copper from $150.00 to $140.00 and set a “sell” rating on the stock in a research report on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and seven have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $145.61.

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.