VisionPoint Advisory Group LLC Sells 331 Shares of Southern Copper Co. (NYSE:SCCO)

VisionPoint Advisory Group LLC lessened its position in shares of Southern Copper Co. (NYSE:SCCO) by 6.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,638 shares of the basic materials company’s stock after selling 331 shares during the period. VisionPoint Advisory Group LLC’s holdings in Southern Copper were worth $427,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Southern Copper by 7.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 230,495 shares of the basic materials company’s stock worth $26,661,000 after purchasing an additional 15,386 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Southern Copper by 15.3% during the 4th quarter. Nordea Investment Management AB now owns 108,753 shares of the basic materials company’s stock worth $9,969,000 after buying an additional 14,391 shares during the last quarter. Two Sigma Advisers LP boosted its stake in shares of Southern Copper by 384.4% during the 3rd quarter. Two Sigma Advisers LP now owns 90,173 shares of the basic materials company’s stock worth $10,430,000 after buying an additional 71,558 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Southern Copper by 74.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,402,983 shares of the basic materials company’s stock worth $162,283,000 after buying an additional 599,610 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Southern Copper by 22.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 137,019 shares of the basic materials company’s stock worth $12,487,000 after buying an additional 24,933 shares during the last quarter. Institutional investors own 7.94% of the company’s stock.

Analyst Ratings Changes

SCCO has been the subject of a number of recent research reports. Morgan Stanley upgraded shares of Southern Copper from an “underweight” rating to an “equal weight” rating and reduced their price objective for the stock from $106.30 to $102.00 in a research note on Thursday, December 12th. JPMorgan Chase & Co. upgraded shares of Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 price objective for the company in a research note on Monday, December 2nd. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $94.81.

Southern Copper Trading Up 1.3 %

Shares of NYSE:SCCO opened at $97.68 on Friday. Southern Copper Co. has a 52-week low of $78.82 and a 52-week high of $129.79. The company has a market capitalization of $76.73 billion, a P/E ratio of 22.61, a price-to-earnings-growth ratio of 1.87 and a beta of 1.13. The company has a 50-day simple moving average of $94.76 and a 200 day simple moving average of $101.91. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77.

Southern Copper (NYSE:SCCO) last issued its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.01). Southern Copper had a return on equity of 40.27% and a net margin of 29.53%. Sell-side analysts forecast that Southern Copper Co. will post 4.66 earnings per share for the current year.

Southern Copper Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Tuesday, February 11th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.87%. This is a positive change from Southern Copper’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Tuesday, February 11th. Southern Copper’s dividend payout ratio is currently 64.81%.

Southern Copper Company Profile

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.