Aigen Investment Management LP Boosts Stake in Southern Copper Co. (NYSE:SCCO)

Aigen Investment Management LP lifted its holdings in Southern Copper Co. (NYSE:SCCO) by 138.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,642 shares of the basic materials company’s stock after purchasing an additional 9,095 shares during the period. Aigen Investment Management LP’s holdings in Southern Copper were worth $1,809,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SCCO. Cetera Investment Advisers raised its position in Southern Copper by 395.1% during the first quarter. Cetera Investment Advisers now owns 38,803 shares of the basic materials company’s stock worth $4,133,000 after acquiring an additional 30,966 shares during the period. Advisors Asset Management Inc. lifted its stake in Southern Copper by 21.7% in the 1st quarter. Advisors Asset Management Inc. now owns 90,237 shares of the basic materials company’s stock valued at $9,612,000 after buying an additional 16,111 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Southern Copper by 182.3% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 278,119 shares of the basic materials company’s stock worth $29,625,000 after buying an additional 179,590 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Southern Copper by 18.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,771,332 shares of the basic materials company’s stock worth $827,804,000 after buying an additional 1,192,111 shares in the last quarter. Finally, Gateway Advisory LLC acquired a new position in shares of Southern Copper during the second quarter valued at approximately $625,000. Hedge funds and other institutional investors own 7.94% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SCCO shares. Morgan Stanley raised their target price on Southern Copper from $97.00 to $100.00 and gave the company an “underweight” rating in a research report on Thursday, September 19th. Citigroup lifted their target price on shares of Southern Copper from $99.44 to $100.00 and gave the stock a “sell” rating in a research note on Wednesday, October 2nd. Finally, Scotiabank lowered their price target on shares of Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating on the stock in a research report on Tuesday, October 15th. Six research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $90.63.

Southern Copper Trading Down 2.0 %

NYSE SCCO traded down $2.07 during trading on Tuesday, hitting $102.69. The stock had a trading volume of 59,944 shares, compared to its average volume of 1,144,187. The firm has a 50 day moving average price of $109.32 and a 200 day moving average price of $109.94. The company has a quick ratio of 2.31, a current ratio of 2.77 and a debt-to-equity ratio of 0.64. Southern Copper Co. has a twelve month low of $70.13 and a twelve month high of $129.79. The company has a market capitalization of $80.67 billion, a PE ratio of 26.99, a PEG ratio of 1.10 and a beta of 1.18.

Southern Copper Announces Dividend

The company also recently announced a — dividend, which will be paid on Thursday, November 21st. Investors of record on Wednesday, November 6th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a yield of 2.1%. Southern Copper’s dividend payout ratio (DPR) is 72.09%.

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.