Southern Copper Co. (NYSE:SCCO) Shares Acquired by Keystone Investors PTE Ltd.

Keystone Investors PTE Ltd. boosted its holdings in shares of Southern Copper Co. (NYSE:SCCO) by 36.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,747 shares of the basic materials company’s stock after purchasing an additional 731 shares during the quarter. Keystone Investors PTE Ltd.’s holdings in Southern Copper were worth $250,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Nordea Investment Management AB raised 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 period. Two Sigma Advisers LP increased its holdings 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. increased its stake in Southern Copper by 74.6% during the third quarter. JPMorgan Chase & Co. now owns 1,402,983 shares of the basic materials company’s stock worth $162,283,000 after purchasing an additional 599,610 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of Southern Copper by 22.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 137,019 shares of the basic materials company’s stock worth $12,487,000 after acquiring an additional 24,933 shares in the last quarter. Finally, Morse Asset Management Inc purchased a new stake in Southern Copper during the 3rd quarter worth about $1,397,000. 7.94% of the stock is currently owned by institutional investors and hedge funds.

Southern Copper Trading Down 0.7 %

Shares of Southern Copper stock opened at $99.74 on Tuesday. Southern Copper Co. has a fifty-two week low of $84.33 and a fifty-two week high of $127.34. 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 business has a fifty day simple moving average of $94.37 and a 200-day simple moving average of $100.65. The firm has a market cap of $79.41 billion, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 1.90 and a beta of 1.12.

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%. On average, equities analysts forecast that Southern Copper Co. will post 4.66 EPS for the current fiscal year.

Southern Copper Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Tuesday, February 11th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.81%. The ex-dividend date was Tuesday, February 11th. This is an increase from Southern Copper’s previous quarterly dividend of $0.60. Southern Copper’s dividend payout ratio (DPR) is 64.81%.

Wall Street Analyst Weigh In

Several brokerages recently commented on SCCO. UBS Group upgraded shares of Southern Copper from a “neutral” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Thursday, March 13th. JPMorgan Chase & Co. raised shares of Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 price target for the company in a report on Monday, December 2nd. Scotiabank upped their price target on shares of Southern Copper from $52.00 to $72.00 and gave the stock a “sector underperform” rating in a research note on Monday, March 10th. Finally, Morgan Stanley upgraded Southern Copper from an “underweight” rating to an “equal weight” rating and decreased their target price for the stock from $106.30 to $102.00 in a research report on Thursday, December 12th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $94.42.

Southern Copper 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.