Capital Advisors Inc. OK Has $24.22 Million Stock Holdings in Southern Copper Co. (NYSE:SCCO)

Capital Advisors Inc. OK lifted its stake in Southern Copper Co. (NYSE:SCCO) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 265,725 shares of the basic materials company’s stock after acquiring an additional 1,458 shares during the quarter. Capital Advisors Inc. OK’s holdings in Southern Copper were worth $24,216,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of SCCO. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Southern Copper by 7.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 230,495 shares of the basic materials company’s stock valued at $26,661,000 after acquiring an additional 15,386 shares during the period. Nordea Investment Management AB lifted its stake in shares of Southern Copper by 15.3% in the fourth quarter. Nordea Investment Management AB now owns 108,753 shares of the basic materials company’s stock valued at $9,969,000 after buying an additional 14,391 shares during the period. Two Sigma Advisers LP lifted its stake in shares of Southern Copper by 384.4% in the third quarter. Two Sigma Advisers LP now owns 90,173 shares of the basic materials company’s stock valued at $10,430,000 after buying an additional 71,558 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Southern Copper by 74.6% in the third quarter. JPMorgan Chase & Co. now owns 1,402,983 shares of the basic materials company’s stock valued at $162,283,000 after buying an additional 599,610 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted 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 valued at $12,487,000 after buying an additional 24,933 shares during the period. 7.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SCCO has been the subject of several recent research reports. Scotiabank dropped their price target on shares of Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating for the company in a research report on Tuesday, October 15th. Morgan Stanley raised shares of Southern Copper from an “underweight” rating to an “equal weight” rating and dropped their price objective for the stock from $106.30 to $102.00 in a report on Thursday, December 12th. Finally, 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 report on Monday, December 2nd. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $94.81.

Southern Copper Stock Performance

Shares of Southern Copper stock opened at $92.09 on Wednesday. Southern Copper Co. has a fifty-two week low of $77.42 and a fifty-two week high of $129.79. The firm has a market cap of $72.34 billion, a P/E ratio of 23.71, a P/E/G ratio of 1.85 and a beta of 1.13. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.77 and a quick ratio of 2.31. The firm has a 50 day simple moving average of $95.68 and a 200 day simple moving average of $102.27.

Southern Copper Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Tuesday, February 11th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.04%. 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 currently 72.09%.

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.