Southern Copper Co. (NYSE:SCCO) Shares Bought by Saturna Capital Corp

Saturna Capital Corp lifted its holdings in shares of Southern Copper Co. (NYSE:SCCO) by 0.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 43,943 shares of the basic materials company’s stock after acquiring an additional 270 shares during the period. Saturna Capital Corp’s holdings in Southern Copper were worth $4,005,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. M&T Bank Corp grew its stake in shares of Southern Copper by 0.5% in the third quarter. M&T Bank Corp now owns 20,460 shares of the basic materials company’s stock worth $2,367,000 after purchasing an additional 105 shares in the last quarter. Larson Financial Group LLC grew its position in 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 buying an additional 114 shares in the last quarter. Tyche Wealth Partners LLC increased its stake in Southern Copper by 0.6% during 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 buying an additional 122 shares during the period. Yousif Capital Management LLC raised its position in shares of Southern Copper by 0.9% during the 4th quarter. Yousif Capital Management LLC now owns 14,390 shares of the basic materials company’s stock worth $1,311,000 after buying an additional 122 shares in the last quarter. Finally, 180 Wealth Advisors LLC lifted 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 worth $370,000 after acquiring an additional 140 shares during the period. 7.94% of the stock is owned by institutional investors.

Southern Copper Price Performance

Shares of NYSE:SCCO opened at $88.74 on Wednesday. The company has a market capitalization of $69.71 billion, a PE ratio of 20.54, 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. The stock has a fifty day moving average of $93.72 and a 200-day moving average of $100.87. Southern Copper Co. has a one year low of $84.33 and a one year high of $129.79.

Southern Copper (NYSE:SCCO) last posted its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.01 earnings per share (EPS) 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, equities analysts anticipate that Southern Copper Co. will post 4.66 EPS for the current fiscal year.

Southern Copper Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Tuesday, February 11th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend was Tuesday, February 11th. This is an increase from Southern Copper’s previous quarterly dividend of $0.60. Southern Copper’s dividend payout ratio is 64.81%.

Analysts Set New Price Targets

Several equities research analysts recently commented on SCCO shares. Scotiabank boosted their target price on Southern Copper from $52.00 to $72.00 and gave the stock a “sector underperform” rating in a report on Monday. JPMorgan Chase & Co. upgraded Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 price target on the stock in a research report on Monday, December 2nd. Finally, Morgan Stanley upgraded Southern Copper from an “underweight” rating to an “equal weight” rating and cut their price objective for the company from $106.30 to $102.00 in a report on Thursday, December 12th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.