2,815 Shares in Southern Copper Co. (NYSE:SCCO) Purchased by Bearing Point Capital LLC

Bearing Point Capital LLC bought a new stake in Southern Copper Co. (NYSE:SCCO - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 2,815 shares of the basic materials company's stock, valued at approximately $257,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its position in shares of Southern Copper by 27.7% in the third quarter. Franklin Resources Inc. now owns 108,633 shares of the basic materials company's stock valued at $12,772,000 after buying an additional 23,539 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Southern Copper by 33.7% in the 3rd quarter. Principal Financial Group Inc. now owns 9,693 shares of the basic materials company's stock valued at $1,121,000 after buying an additional 2,442 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Southern Copper by 29.6% during the fourth quarter. GAMMA Investing LLC now owns 670 shares of the basic materials company's stock valued at $61,000 after acquiring an additional 153 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Southern Copper by 15.3% in the fourth quarter. Nordea Investment Management AB now owns 108,753 shares of the basic materials company's stock worth $9,969,000 after acquiring an additional 14,391 shares during the last quarter. Finally, ORG Partners LLC increased its position in shares of Southern Copper by 3.7% during the fourth quarter. ORG Partners LLC now owns 11,389 shares of the basic materials company's stock worth $1,040,000 after purchasing an additional 411 shares in the last quarter. 7.94% of the stock is owned by hedge funds and other institutional investors.

Southern Copper Trading Up 1.4 %

Shares of SCCO stock traded up $1.26 during trading on Friday, hitting $89.34. 1,022,661 shares of the stock traded hands, compared to its average volume of 1,213,526. Southern Copper Co. has a 52-week low of $74.11 and a 52-week high of $126.09. The firm has a market capitalization of $71.13 billion, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 1.90 and a beta of 1.05. The firm's fifty day moving average price is $90.37 and its 200-day moving average price is $95.56. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.77 and a quick ratio of 2.31.

Southern Copper (NYSE:SCCO - Get Free Report) last posted its earnings results on Friday, April 25th. The basic materials company reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.14. The company had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.05 billion. Southern Copper had a return on equity of 40.27% and a net margin of 29.53%. As a group, research analysts forecast that Southern Copper Co. will post 4.66 earnings per share for the current fiscal year.

Southern Copper Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, May 19th. Stockholders of record on Monday, May 5th will be paid a $0.70 dividend. This represents a dividend yield of 2.98%. The ex-dividend date is Friday, May 2nd. Southern Copper's dividend payout ratio (DPR) is 61.27%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SCCO shares. Scotiabank lifted their target price on shares of Southern Copper from $52.00 to $72.00 and gave the stock a "sector underperform" rating in a research note on Monday, March 10th. Hsbc Global Res raised shares of Southern Copper from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. decreased their target price on shares of Southern Copper from $84.00 to $83.50 and set a "neutral" rating on the stock in a research note on Monday, April 14th. StockNews.com lowered Southern Copper from a "buy" rating to a "hold" rating in a research report on Monday, April 28th. Finally, UBS Group reduced their price objective on Southern Copper from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $91.50.

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.