Southern Copper Co. (NYSE:SCCO) Shares Acquired by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV grew its stake in Southern Copper Co. (NYSE:SCCO) by 199.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 667 shares of the basic materials company’s stock after buying an additional 444 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Southern Copper were worth $61,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SCCO. M&T Bank Corp increased its stake in shares of 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 in the last quarter. Larson Financial Group LLC increased its stake in shares of Southern Copper by 28.0% in the 4th quarter. Larson Financial Group LLC now owns 521 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 114 shares in the last quarter. Tyche Wealth Partners LLC increased its stake in shares of Southern Copper by 0.6% in the 4th quarter. Tyche Wealth Partners LLC now owns 19,807 shares of the basic materials company’s stock valued at $1,805,000 after purchasing an additional 122 shares in the last quarter. Yousif Capital Management LLC increased its stake in shares of 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 in the last quarter. Finally, 180 Wealth Advisors LLC increased its stake in shares of Southern Copper by 3.6% in the 4th quarter. 180 Wealth Advisors LLC now owns 4,062 shares of the basic materials company’s stock valued at $370,000 after purchasing an additional 140 shares in the last quarter. Institutional investors and hedge funds own 7.94% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on SCCO. Morgan Stanley upgraded Southern Copper from an “underweight” rating to an “equal weight” rating and cut their price target for the company from $106.30 to $102.00 in a research note on Thursday, December 12th. UBS Group upgraded Southern Copper from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Thursday, March 13th. JPMorgan Chase & Co. upgraded 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. Finally, Scotiabank boosted their price objective on Southern Copper from $52.00 to $72.00 and gave the stock a “sector underperform” rating in a research note on Monday, March 10th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $97.31.

Southern Copper Trading Down 0.3 %

Shares of Southern Copper stock opened at $99.28 on Friday. The stock has a market cap of $79.05 billion, a P/E ratio of 22.98, a P/E/G ratio of 1.90 and a beta of 1.12. The stock’s 50 day simple moving average is $94.14 and its 200-day simple moving average is $100.57. Southern Copper Co. has a 1-year low of $84.33 and a 1-year high of $127.34. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.77 and a quick ratio of 2.31.

Southern Copper (NYSE:SCCO) last issued its earnings results 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%. Analysts predict 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. Stockholders of record on Tuesday, February 11th were issued a dividend of $0.70 per share. This is a boost from Southern Copper’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend was Tuesday, February 11th. Southern Copper’s payout ratio is currently 64.81%.

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.