Southern Copper Co. (NYSE:SCCO) Shares Acquired by Marshall Financial Group LLC

Marshall Financial Group LLC lifted its holdings in Southern Copper Co. (NYSE:SCCO) by 1.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,399 shares of the basic materials company’s stock after purchasing an additional 202 shares during the period. Marshall Financial Group LLC’s holdings in Southern Copper were worth $1,950,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Southern Copper by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 375,173 shares of the basic materials company’s stock worth $40,424,000 after acquiring an additional 1,910 shares during the period. Amalgamated Bank raised its position in Southern Copper by 3.4% in the 2nd quarter. Amalgamated Bank now owns 5,824 shares of the basic materials company’s stock valued at $627,000 after purchasing an additional 190 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Southern Copper by 46.2% in the 2nd quarter. Sei Investments Co. now owns 98,167 shares of the basic materials company’s stock valued at $10,577,000 after buying an additional 31,044 shares during the period. Ensign Peak Advisors Inc grew its position in shares of Southern Copper by 1.0% during the second quarter. Ensign Peak Advisors Inc now owns 10,558 shares of the basic materials company’s stock worth $1,138,000 after buying an additional 108 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Southern Copper by 129.8% during the second quarter. Bank of Montreal Can now owns 79,712 shares of the basic materials company’s stock worth $8,772,000 after buying an additional 45,020 shares during the period. 7.94% of the stock is currently owned by institutional investors and hedge funds.

Southern Copper Stock Performance

Shares of SCCO opened at $96.52 on Friday. The company’s 50 day simple moving average is $97.37 and its 200-day simple moving average is $103.61. The firm has a market cap of $75.82 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of 1.92 and a beta of 1.14. Southern Copper Co. has a 12-month low of $77.42 and a 12-month high of $129.79. The company has a current ratio of 2.77, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64.

Southern Copper Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Tuesday, February 11th will be given a dividend of $0.70 per share. This is an increase from Southern Copper’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a yield of 2.90%. The ex-dividend date is Monday, February 10th. Southern Copper’s dividend payout ratio (DPR) is presently 72.16%.

Analysts Set New Price Targets

Several research analysts have commented on SCCO shares. Morgan Stanley upgraded shares of Southern Copper from an “underweight” rating to an “equal weight” rating and lowered their price target for the stock from $106.30 to $102.00 in a report on Thursday, December 12th. Citigroup raised their price target on Southern Copper from $99.44 to $100.00 and gave the company a “sell” rating in a research note on Wednesday, October 2nd. Scotiabank lowered their price objective on 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. Finally, JPMorgan Chase & Co. raised Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 target price on the stock in a research 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 assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $94.81.

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.