Wealth Alliance Has $477,000 Holdings in Southern Copper Co. (NYSE:SCCO)

Wealth Alliance lessened its position in shares of Southern Copper Co. (NYSE:SCCO) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,230 shares of the basic materials company’s stock after selling 373 shares during the period. Wealth Alliance’s holdings in Southern Copper were worth $477,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in SCCO. M&T Bank Corp lifted its stake in Southern Copper by 0.5% in the 3rd quarter. M&T Bank Corp now owns 20,460 shares of the basic materials company’s stock valued at $2,367,000 after purchasing an additional 105 shares during the last quarter. Tyche Wealth Partners LLC lifted its stake in Southern Copper by 0.6% in the 3rd quarter. Tyche Wealth Partners LLC now owns 19,685 shares of the basic materials company’s stock valued at $2,277,000 after purchasing an additional 109 shares during the last quarter. Greenwood Capital Associates LLC lifted its stake in Southern Copper by 0.7% in the 3rd quarter. Greenwood Capital Associates LLC now owns 15,722 shares of the basic materials company’s stock valued at $1,819,000 after purchasing an additional 112 shares during the last quarter. Yousif Capital Management LLC lifted its stake in Southern Copper by 0.9% in the 4th quarter. Yousif Capital Management LLC now owns 14,390 shares of the basic materials company’s stock valued at $1,311,000 after purchasing an additional 122 shares during the last quarter. Finally, Financial Advocates Investment Management lifted its stake in Southern Copper by 3.5% in the 3rd quarter. Financial Advocates Investment Management now owns 3,808 shares of the basic materials company’s stock valued at $440,000 after purchasing an additional 127 shares during the last quarter. Institutional investors own 7.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. raised 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. Morgan Stanley raised shares of Southern Copper from an “underweight” rating to an “equal weight” rating and dropped their price objective for the company from $106.30 to $102.00 in a research note on Thursday, December 12th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $94.81.

Southern Copper Trading Down 5.1 %

SCCO opened at $92.87 on Friday. Southern Copper Co. has a twelve month low of $78.82 and a twelve month high of $129.79. The company has a quick ratio of 2.31, a current ratio of 2.77 and a debt-to-equity ratio of 0.64. The company has a fifty day moving average of $94.61 and a 200-day moving average of $101.88. The stock has a market cap of $72.95 billion, a PE ratio of 21.50, a price-to-earnings-growth ratio of 1.87 and a beta of 1.13.

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

Southern Copper Increases Dividend

The business also recently declared 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 3.02%. This is a boost from Southern Copper’s previous quarterly dividend of $0.60. The ex-dividend date is Tuesday, February 11th. Southern Copper’s dividend payout ratio (DPR) is presently 64.81%.

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.