1,748 Shares in Southern Copper Co. (NYSE:SCCO) Bought by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. acquired a new stake in shares of Southern Copper Co. (NYSE:SCCO) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,748 shares of the basic materials company’s stock, valued at approximately $202,000.

Several other institutional investors have also modified their holdings of SCCO. M&T Bank Corp boosted its stake in Southern Copper by 0.5% during the third quarter. M&T Bank Corp now owns 20,460 shares of the basic materials company’s stock worth $2,367,000 after buying an additional 105 shares during the period. Ensign Peak Advisors Inc boosted its position in shares of Southern Copper by 1.0% during the 2nd quarter. Ensign Peak Advisors Inc now owns 10,558 shares of the basic materials company’s stock worth $1,138,000 after purchasing an additional 108 shares during the period. Prudential PLC increased its holdings in Southern Copper by 1.0% in the 2nd quarter. Prudential PLC now owns 10,667 shares of the basic materials company’s stock valued at $1,149,000 after purchasing an additional 109 shares during the last quarter. Tyche Wealth Partners LLC raised its position 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 valued at $2,277,000 after purchasing an additional 109 shares during the period. Finally, Greenwood Capital Associates LLC lifted its stake in Southern Copper by 0.7% during the third quarter. Greenwood Capital Associates LLC now owns 15,722 shares of the basic materials company’s stock worth $1,819,000 after purchasing an additional 112 shares in the last quarter. Institutional investors and hedge funds own 7.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Morgan Stanley upgraded Southern Copper from an “underweight” rating to an “equal weight” rating and cut their target price for the stock from $106.30 to $102.00 in a research report on Thursday, December 12th. Scotiabank lowered 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 research report on Tuesday, October 15th. 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. Finally, JPMorgan Chase & Co. upgraded shares of Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 price objective on the stock in a research note on Monday, December 2nd. Four 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’s stock. Based on data from MarketBeat, Southern Copper currently has a consensus rating of “Hold” and a consensus target price of $94.81.

Southern Copper Trading Down 0.7 %

NYSE SCCO opened at $96.69 on Wednesday. Southern Copper Co. has a 52-week low of $77.14 and a 52-week high of $129.79. The firm has a 50-day moving average price of $106.61 and a 200 day moving average price of $106.62. The stock has a market capitalization of $75.95 billion, a P/E ratio of 24.92, a P/E/G ratio of 1.56 and a beta of 1.14. The company has a quick ratio of 2.31, a current ratio of 2.77 and a debt-to-equity ratio of 0.64.

Southern Copper Dividend Announcement

The firm also recently declared a — dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 6th were issued a $0.62 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a dividend yield of 2.1%. Southern Copper’s dividend payout ratio is currently 72.16%.

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.