Aware Super Pty Ltd as trustee of Aware Super Makes New $702,000 Investment in Southern Copper Co. (NYSE:SCCO)

Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of Southern Copper Co. (NYSE:SCCO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,698 shares of the basic materials company's stock, valued at approximately $702,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Southern Copper during the fourth quarter worth about $30,000. Deseret Mutual Benefit Administrators lifted its position in Southern Copper by 210.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 379 shares of the basic materials company's stock worth $35,000 after acquiring an additional 257 shares during the period. IFP Advisors Inc increased its holdings in shares of Southern Copper by 143.4% in the fourth quarter. IFP Advisors Inc now owns 477 shares of the basic materials company's stock valued at $43,000 after purchasing an additional 281 shares during the period. Spire Wealth Management purchased a new stake in shares of Southern Copper during the fourth quarter worth approximately $47,000. Finally, Larson Financial Group LLC lifted its holdings in shares of Southern Copper by 28.0% during the fourth quarter. Larson Financial Group LLC now owns 521 shares of the basic materials company's stock worth $48,000 after purchasing an additional 114 shares during the period. Institutional investors and hedge funds own 7.94% of the company's stock.

Southern Copper Trading Down 0.4 %

Shares of NYSE SCCO traded down $0.36 on Monday, reaching $85.90. 286,285 shares of the company traded hands, compared to its average volume of 1,220,679. The stock has a market capitalization of $68.39 billion, a PE ratio of 19.88, a P/E/G ratio of 1.90 and a beta of 1.04. Southern Copper Co. has a fifty-two week low of $74.84 and a fifty-two week high of $127.34. The company has a current ratio of 2.77, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. The company has a 50 day moving average of $91.25 and a 200 day moving average of $97.95.

Southern Copper (NYSE:SCCO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.01). Southern Copper had a return on equity of 40.27% and a net margin of 29.53%. On average, equities research analysts forecast that Southern Copper Co. will post 4.66 earnings per share for the current fiscal year.

Southern Copper Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Tuesday, February 11th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.26%. This is a boost from Southern Copper's previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Tuesday, February 11th. Southern Copper's dividend payout ratio is 64.81%.

Analysts Set New Price Targets

SCCO has been the subject of several recent analyst reports. Scotiabank raised 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. JPMorgan Chase & Co. cut their target price on Southern Copper from $84.00 to $83.50 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, UBS Group decreased their price target on Southern Copper from $120.00 to $100.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $89.58.

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.