Aptus Capital Advisors LLC Has $797,000 Stock Position in Southern Copper Co. (NYSE:SCCO)

Aptus Capital Advisors LLC increased its holdings in shares of Southern Copper Co. (NYSE:SCCO - Free Report) by 176.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,751 shares of the basic materials company's stock after acquiring an additional 5,588 shares during the period. Aptus Capital Advisors LLC's holdings in Southern Copper were worth $797,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Capital World Investors lifted its stake in shares of Southern Copper by 0.6% during the fourth quarter. Capital World Investors now owns 4,232,245 shares of the basic materials company's stock valued at $385,684,000 after buying an additional 24,787 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Southern Copper by 0.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,700,844 shares of the basic materials company's stock worth $337,260,000 after purchasing an additional 15,037 shares during the last quarter. abrdn plc grew its position in shares of Southern Copper by 4.4% in the fourth quarter. abrdn plc now owns 2,849,638 shares of the basic materials company's stock valued at $260,428,000 after purchasing an additional 118,909 shares during the period. FIL Ltd grew its holdings in Southern Copper by 0.3% in the 4th quarter. FIL Ltd now owns 1,171,227 shares of the basic materials company's stock valued at $106,734,000 after buying an additional 3,045 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Southern Copper by 44.9% during the 4th quarter. Northern Trust Corp now owns 1,146,537 shares of the basic materials company's stock valued at $104,484,000 after acquiring an additional 355,013 shares during the last quarter. 7.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SCCO shares. Hsbc Global Res upgraded shares of Southern Copper from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 24th. StockNews.com lowered Southern Copper from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. UBS Group cut 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. JPMorgan Chase & Co. lowered their price target on shares of Southern Copper from $84.00 to $83.50 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Scotiabank boosted 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 report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Southern Copper has an average rating of "Hold" and an average price target of $91.50.

Southern Copper Stock Performance

SCCO stock traded up $2.89 during mid-day trading on Monday, reaching $92.27. The company had a trading volume of 234,259 shares, compared to its average volume of 1,209,753. Southern Copper Co. has a one year low of $74.11 and a one year high of $126.09. The stock has a market capitalization of $73.46 billion, a P/E ratio of 21.38, a P/E/G ratio of 1.90 and a beta of 1.05. The company has a quick ratio of 2.31, a current ratio of 2.77 and a debt-to-equity ratio of 0.64. The stock's 50-day simple moving average is $90.37 and its two-hundred day simple moving average is $95.43.

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

Southern Copper Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, May 19th. Shareholders of record on Monday, May 5th will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, May 2nd. This represents a yield of 2.98%. Southern Copper's payout ratio is presently 61.27%.

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.