Capital World Investors Has $385.68 Million Position in Southern Copper Co. (NYSE:SCCO)

Capital World Investors boosted its position in Southern Copper Co. (NYSE:SCCO - Free Report) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,232,245 shares of the basic materials company's stock after acquiring an additional 24,787 shares during the period. Capital World Investors owned 0.54% of Southern Copper worth $385,684,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Southern Copper in the 4th quarter valued at about $30,000. Deseret Mutual Benefit Administrators boosted its stake in Southern Copper by 210.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 379 shares of the basic materials company's stock valued at $35,000 after acquiring an additional 257 shares during the last quarter. IFP Advisors Inc grew its holdings in Southern Copper by 143.4% during the 4th quarter. IFP Advisors Inc now owns 477 shares of the basic materials company's stock worth $43,000 after acquiring an additional 281 shares during the period. Spire Wealth Management bought a new stake in shares of Southern Copper during the 4th quarter valued at $47,000. Finally, Larson Financial Group LLC lifted its stake in shares of Southern Copper by 28.0% in the 4th quarter. Larson Financial Group LLC now owns 521 shares of the basic materials company's stock valued at $48,000 after purchasing an additional 114 shares during the period. 7.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SCCO shares. UBS Group decreased their price objective on Southern Copper from $120.00 to $100.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. JPMorgan Chase & Co. decreased their target price on Southern Copper from $84.00 to $83.50 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Scotiabank increased their price target on shares of Southern Copper from $52.00 to $72.00 and gave the company a "sector underperform" rating in a research report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $91.50.

Southern Copper Stock Down 1.8 %

Shares of Southern Copper stock traded down $1.71 on Friday, hitting $94.12. The company had a trading volume of 618,073 shares, compared to its average volume of 1,218,113. The stock has a 50-day moving average of $90.79 and a 200-day moving average of $97.49. The firm has a market capitalization of $74.93 billion, a P/E ratio of 21.80, a P/E/G ratio of 1.90 and a beta of 1.04. 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 Co. has a twelve month low of $74.84 and a twelve month high of $127.34.

Southern Copper (NYSE:SCCO - Get Free Report) last issued its quarterly 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 analyst estimates of $3.05 billion. Southern Copper had a return on equity of 40.27% and a net margin of 29.53%. Research analysts predict that Southern Copper Co. will post 4.66 earnings per share for the current year.

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.