6,187 Shares in Southern Copper Co. (NYSE:SCCO) Acquired by OmniStar Financial Group Inc.

OmniStar Financial Group Inc. purchased a new stake in Southern Copper Co. (NYSE:SCCO) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 6,187 shares of the basic materials company’s stock, valued at approximately $717,000.

Several other large investors have also recently modified their holdings of SCCO. Fidelis Capital Partners LLC acquired a new position in shares of Southern Copper in the first quarter worth approximately $26,000. Riverview Trust Co bought a new position in Southern Copper during the 1st quarter worth approximately $27,000. Itau Unibanco Holding S.A. acquired a new position in shares of Southern Copper in the 2nd quarter worth approximately $31,000. Hanseatic Management Services Inc. bought a new stake in shares of Southern Copper in the 2nd quarter valued at $53,000. Finally, GAMMA Investing LLC increased its position in shares of Southern Copper by 53.0% during the third quarter. GAMMA Investing LLC now owns 517 shares of the basic materials company’s stock worth $60,000 after buying an additional 179 shares during the period. Institutional investors own 7.94% of the company’s stock.

Southern Copper Price Performance

Shares of SCCO stock traded up $0.96 during trading on Friday, hitting $112.95. The company had a trading volume of 226,724 shares, compared to its average volume of 1,162,029. The company has a quick ratio of 2.27, a current ratio of 2.81 and a debt-to-equity ratio of 0.67. The stock’s 50-day moving average is $106.18 and its two-hundred day moving average is $110.02. The stock has a market capitalization of $88.23 billion, a price-to-earnings ratio of 37.21, a price-to-earnings-growth ratio of 1.22 and a beta of 1.18. Southern Copper Co. has a 52 week low of $68.93 and a 52 week high of $129.79.

Southern Copper (NYSE:SCCO) last issued its earnings results on Friday, July 19th. The basic materials company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.09. Southern Copper had a net margin of 26.15% and a return on equity of 34.98%. The firm had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $2.96 billion. As a group, analysts predict that Southern Copper Co. will post 4.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Citigroup upped their price target on shares of Southern Copper from $99.44 to $100.00 and gave the company a “sell” rating in a research report on Wednesday, October 2nd. UBS Group began coverage on Southern Copper in a research note on Friday, July 12th. They set a “neutral” rating and a $120.00 target price for the company. Scotiabank lowered their target price on Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating for the company in a report on Tuesday. Finally, Morgan Stanley increased their price target on Southern Copper from $97.00 to $100.00 and gave the stock an “underweight” rating in a report on Thursday, September 19th. Six research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $90.63.

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.