2,215 Shares in Southern Copper Co. (NYSE:SCCO) Bought by Level Four Advisory Services LLC

Level Four Advisory Services LLC purchased a new stake in Southern Copper Co. (NYSE:SCCO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,215 shares of the basic materials company’s stock, valued at approximately $202,000.

Other large investors have also bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Southern Copper in the fourth quarter valued at about $30,000. Deseret Mutual Benefit Administrators grew its position in Southern Copper by 210.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 379 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 257 shares in the last quarter. IFP Advisors Inc increased its stake in Southern Copper by 143.4% in the 4th quarter. IFP Advisors Inc now owns 477 shares of the basic materials company’s stock valued at $43,000 after buying an additional 281 shares during the last quarter. Spire Wealth Management bought a new position in shares of Southern Copper during the 4th quarter worth approximately $47,000. Finally, Larson Financial Group LLC boosted 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 worth $48,000 after buying an additional 114 shares during the last quarter. 7.94% of the stock is currently owned by institutional investors.

Southern Copper Trading Up 0.5 %

Shares of SCCO opened at $93.97 on Wednesday. Southern Copper Co. has a fifty-two week low of $84.33 and a fifty-two week high of $127.34. The business has a 50-day moving average of $94.22 and a 200 day moving average of $100.65. The firm has a market cap of $74.82 billion, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 1.90 and a beta of 1.12. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77.

Southern Copper (NYSE:SCCO) last posted 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%. As a group, research analysts forecast that Southern Copper Co. will post 4.66 EPS for the current year.

Southern Copper Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Shareholders 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. 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 2.98%. Southern Copper’s payout ratio is presently 64.81%.

Wall Street Analysts Forecast Growth

SCCO has been the subject of a number of research analyst reports. Scotiabank increased their price target on Southern Copper from $52.00 to $72.00 and gave the company a “sector underperform” rating in a research report on Monday, March 10th. UBS Group upgraded Southern Copper from a “neutral” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Thursday, March 13th. Finally, Morgan Stanley upgraded shares of Southern Copper from an “underweight” rating to an “equal weight” rating and reduced their price target for the company from $106.30 to $102.00 in a research report on Thursday, December 12th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.