ORG Wealth Partners LLC Makes New $1.26 Million Investment in Southern Copper Corporation (NYSE:SCCO)

ORG Wealth Partners LLC purchased a new stake in Southern Copper Corporation (NYSE:SCCO - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,395 shares of the basic materials company's stock, valued at approximately $1,260,000.

A number of other large investors have also recently modified their holdings of the company. QRG Capital Management Inc. purchased a new stake in Southern Copper during the first quarter worth $263,000. Janney Montgomery Scott LLC lifted its holdings in Southern Copper by 6.2% during the first quarter. Janney Montgomery Scott LLC now owns 187,970 shares of the basic materials company's stock worth $17,568,000 after buying an additional 11,052 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Southern Copper by 42.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,773 shares of the basic materials company's stock worth $1,381,000 after buying an additional 4,391 shares during the period. Azzad Asset Management Inc. ADV lifted its holdings in Southern Copper by 47.7% during the first quarter. Azzad Asset Management Inc. ADV now owns 38,092 shares of the basic materials company's stock worth $3,560,000 after buying an additional 12,310 shares during the period. Finally, Marshall Financial Group LLC lifted its holdings in shares of Southern Copper by 1.4% during the 1st quarter. Marshall Financial Group LLC now owns 21,691 shares of the basic materials company's stock valued at $2,027,000 after purchasing an additional 292 shares during the last quarter. Hedge funds and other institutional investors own 7.94% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wall Street Zen lowered Southern Copper from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th. Hsbc Global Res upgraded Southern Copper from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 24th. 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 report on Tuesday, April 15th. JPMorgan Chase & Co. decreased their price objective on Southern Copper from $84.00 to $83.50 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Itau BBA Securities upgraded Southern Copper from an "underperform" rating to a "market perform" rating in a report on Wednesday, June 11th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $91.50.

Southern Copper Stock Performance

Shares of NYSE SCCO traded down $1.74 during mid-day trading on Friday, hitting $93.51. The stock had a trading volume of 6,444,740 shares, compared to its average volume of 1,195,765. The company has a debt-to-equity ratio of 0.70, a quick ratio of 3.22 and a current ratio of 3.71. The company has a 50 day moving average of $91.98 and a two-hundred day moving average of $93.07. Southern Copper Corporation has a twelve month low of $74.11 and a twelve month high of $118.64. The firm has a market cap of $74.45 billion, a PE ratio of 20.46, a PEG ratio of 2.25 and a beta of 1.01.

Southern Copper (NYSE:SCCO - Get Free Report) last released its earnings results on Friday, April 25th. The basic materials company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.14. The firm 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 39.39% and a net margin of 30.00%. Research analysts predict that Southern Copper Corporation will post 4.66 EPS for the current fiscal year.

Southern Copper Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 5th were given a dividend of $0.70 per share. This represents a yield of 2.98%. The ex-dividend date was Friday, May 2nd. Southern Copper's dividend payout ratio is currently 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.