Southern Copper Co. (NYSE:SCCO) Position Lowered by First City Capital Management Inc.

First City Capital Management Inc. decreased its stake in shares of Southern Copper Co. (NYSE:SCCO) by 11.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,141 shares of the basic materials company’s stock after selling 640 shares during the quarter. First City Capital Management Inc.’s holdings in Southern Copper were worth $595,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SCCO. Ensign Peak Advisors Inc lifted its holdings in Southern Copper by 1.0% in the second quarter. Ensign Peak Advisors Inc now owns 10,558 shares of the basic materials company’s stock worth $1,138,000 after acquiring an additional 108 shares during the last quarter. Prudential PLC lifted its holdings in Southern Copper by 1.0% in the second quarter. Prudential PLC now owns 10,667 shares of the basic materials company’s stock worth $1,149,000 after acquiring an additional 109 shares during the last quarter. Tyche Wealth Partners LLC lifted its holdings in Southern Copper by 0.6% in the third quarter. Tyche Wealth Partners LLC now owns 19,685 shares of the basic materials company’s stock worth $2,277,000 after acquiring an additional 109 shares during the last quarter. Greenwood Capital Associates LLC lifted its holdings in Southern Copper by 0.7% in the third quarter. Greenwood Capital Associates LLC now owns 15,722 shares of the basic materials company’s stock worth $1,819,000 after acquiring an additional 112 shares during the last quarter. Finally, Inspire Advisors LLC lifted its holdings in Southern Copper by 3.9% in the third quarter. Inspire Advisors LLC now owns 3,001 shares of the basic materials company’s stock worth $347,000 after acquiring an additional 113 shares during the last quarter. Institutional investors own 7.94% of the company’s stock.

Southern Copper Price Performance

NYSE SCCO opened at $101.77 on Tuesday. Southern Copper Co. has a 12 month low of $70.63 and a 12 month high of $129.79. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.77 and a quick ratio of 2.31. The firm has a market capitalization of $79.94 billion, a PE ratio of 26.20, a P/E/G ratio of 1.02 and a beta of 1.18. The company’s 50 day simple moving average is $109.85 and its 200 day simple moving average is $109.39.

Southern Copper Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Thursday, November 21st. Investors of record on Wednesday, November 6th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a dividend yield of 2.1%. Southern Copper’s dividend payout ratio is presently 72.09%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SCCO shares. Morgan Stanley raised their target price on shares of Southern Copper from $97.00 to $100.00 and gave the stock an “underweight” rating in a report on Thursday, September 19th. Citigroup raised their target price on shares of Southern Copper from $99.44 to $100.00 and gave the stock a “sell” rating in a report on Wednesday, October 2nd. Finally, Scotiabank cut their target price on shares of Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating on the stock in a report on Tuesday, October 15th. Six analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Southern Copper has a consensus rating of “Hold” and a consensus price target of $90.63.

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.