Southern Copper Co. (NYSE:SCCO) Shares Bought by Signaturefd LLC

Signaturefd LLC increased its stake in Southern Copper Co. (NYSE:SCCO) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,043 shares of the basic materials company’s stock after purchasing an additional 133 shares during the quarter. Signaturefd LLC’s holdings in Southern Copper were worth $733,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in shares of Southern Copper by 33.7% during the third quarter. Principal Financial Group Inc. now owns 9,693 shares of the basic materials company’s stock valued at $1,121,000 after acquiring an additional 2,442 shares during the period. Empowered Funds LLC acquired a new position in shares of Southern Copper during the third quarter valued at approximately $456,000. Quest Partners LLC increased its stake in shares of Southern Copper by 51.8% during the third quarter. Quest Partners LLC now owns 6,228 shares of the basic materials company’s stock valued at $720,000 after acquiring an additional 2,126 shares during the period. Pathstone Holdings LLC increased its stake in shares of Southern Copper by 2.0% during the third quarter. Pathstone Holdings LLC now owns 12,523 shares of the basic materials company’s stock valued at $1,448,000 after acquiring an additional 247 shares during the period. Finally, Caprock Group LLC acquired a new position in shares of Southern Copper during the third quarter valued at approximately $217,000. Institutional investors own 7.94% of the company’s stock.

Southern Copper Stock Up 0.9 %

SCCO stock opened at $99.65 on Thursday. Southern Copper Co. has a 12-month low of $84.33 and a 12-month 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 company has a market cap of $79.34 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 1.90 and a beta of 1.12. The company has a 50 day moving average of $94.06 and a two-hundred day moving average of $100.58.

Southern Copper (NYSE:SCCO) last released its earnings results 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 anticipate that Southern Copper Co. will post 4.66 earnings per share for the current fiscal year.

Southern Copper Increases Dividend

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

Analysts Set New Price Targets

SCCO has been the topic of a number of research analyst reports. UBS Group upgraded shares of Southern Copper from a “neutral” rating to a “buy” rating and set a $120.00 price objective on the stock in a research note on Thursday, March 13th. Morgan Stanley upgraded shares of Southern Copper from an “underweight” rating to an “equal weight” rating and reduced their target price for the stock from $106.30 to $102.00 in a report 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 target price for the company in a report on Monday, December 2nd. Finally, Scotiabank raised their target price on shares of Southern Copper from $52.00 to $72.00 and gave the stock a “sector underperform” rating in a report on Monday, March 10th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Southern Copper has an average rating of “Hold” and an average price target of $97.31.

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.