Southern Copper Co. (NYSE:SCCO) Stock Holdings Increased by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC boosted its stake in shares of Southern Copper Co. (NYSE:SCCO) by 11.3% during the third quarter, HoldingsChannel.com reports. The firm owned 3,295 shares of the basic materials company’s stock after acquiring an additional 335 shares during the period. Outlook Wealth Advisors LLC’s holdings in Southern Copper were worth $381,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Fidelis Capital Partners LLC purchased a new position in shares of Southern Copper during the 1st quarter valued at $26,000. Itau Unibanco Holding S.A. purchased a new position in Southern Copper in the second quarter valued at about $31,000. McClarren Financial Advisors Inc. increased its position in Southern Copper by 169.2% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 288 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 181 shares during the last quarter. Oakworth Capital Inc. purchased a new stake in shares of Southern Copper during the 3rd quarter worth about $42,000. Finally, Hanseatic Management Services Inc. acquired a new stake in shares of Southern Copper during the 2nd quarter valued at about $53,000. Institutional investors and hedge funds own 7.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SCCO. Scotiabank dropped their price objective on Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating on the stock in a report on Tuesday, October 15th. Citigroup raised their price target on shares of Southern Copper from $99.44 to $100.00 and gave the company a “sell” rating in a report on Wednesday, October 2nd. UBS Group started coverage on shares of Southern Copper in a report on Friday, July 12th. They issued a “neutral” rating and a $120.00 price objective for the company. Finally, Morgan Stanley raised their target price on Southern Copper from $97.00 to $100.00 and gave the company an “underweight” rating in a report on Thursday, September 19th. Six investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $90.63.

Southern Copper Trading Up 0.8 %

Shares of NYSE:SCCO opened at $115.41 on Friday. Southern Copper Co. has a 52-week low of $68.93 and a 52-week high of $129.79. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.27 and a current ratio of 2.81. The company has a market cap of $90.15 billion, a P/E ratio of 38.34, a P/E/G ratio of 1.17 and a beta of 1.18. The stock’s 50-day moving average is $107.62 and its 200-day moving average is $110.15.

Southern Copper Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 6th will be given a $0.62 dividend. This represents a yield of 2.1%. The ex-dividend date is Wednesday, November 6th. Southern Copper’s dividend payout ratio is currently 93.02%.

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.