Bridgefront Capital LLC Takes Position in Southern Copper Co. (NYSE:SCCO)

Bridgefront Capital LLC acquired a new stake in Southern Copper Co. (NYSE:SCCO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,522 shares of the basic materials company's stock, valued at approximately $321,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Franklin Resources Inc. boosted its position in shares of Southern Copper by 27.7% during the 3rd quarter. Franklin Resources Inc. now owns 108,633 shares of the basic materials company's stock valued at $12,772,000 after acquiring an additional 23,539 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Southern Copper by 29.6% in the 4th quarter. GAMMA Investing LLC now owns 670 shares of the basic materials company's stock valued at $61,000 after buying an additional 153 shares during the period. Nordea Investment Management AB increased its holdings in shares of Southern Copper by 15.3% during the 4th quarter. Nordea Investment Management AB now owns 108,753 shares of the basic materials company's stock worth $9,969,000 after buying an additional 14,391 shares during the last quarter. ORG Partners LLC lifted its holdings in Southern Copper by 3.7% in the fourth quarter. ORG Partners LLC now owns 11,389 shares of the basic materials company's stock valued at $1,040,000 after acquiring an additional 411 shares during the last quarter. Finally, Wedmont Private Capital grew its position in Southern Copper by 16.7% in the fourth quarter. Wedmont Private Capital now owns 2,529 shares of the basic materials company's stock worth $239,000 after acquiring an additional 361 shares during the period. Institutional investors and hedge funds own 7.94% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. StockNews.com lowered Southern Copper from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. 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. UBS Group cut their target price 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. Scotiabank raised their price target on Southern Copper from $52.00 to $72.00 and gave the stock a "sector underperform" rating in a research report on Monday, March 10th. Finally, JPMorgan Chase & Co. decreased their target price on Southern Copper from $84.00 to $83.50 and set a "neutral" rating on the stock in a research note on Monday, April 14th. 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 stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $91.50.

Southern Copper Stock Up 1.4 %

NYSE SCCO traded up $1.26 during trading hours on Friday, hitting $89.34. 1,022,661 shares of the company were exchanged, compared to its average volume of 1,213,526. 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 firm has a market cap of $71.13 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 1.90 and a beta of 1.05. The company has a 50 day moving average of $90.37 and a two-hundred day moving average of $95.56. Southern Copper Co. has a 52-week low of $74.11 and a 52-week high of $126.09.

Southern Copper (NYSE:SCCO - Get Free Report) last announced its quarterly earnings data 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 net margin of 29.53% and a return on equity of 40.27%. Equities research analysts anticipate that Southern Copper Co. will post 4.66 earnings per share for the current year.

Southern Copper Announces Dividend

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

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.