Southern Copper Co. (NYSE:SCCO) Shares Acquired by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV raised its holdings in shares of Southern Copper Co. (NYSE:SCCO - Free Report) by 47.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,092 shares of the basic materials company's stock after purchasing an additional 12,310 shares during the quarter. Azzad Asset Management Inc. ADV's holdings in Southern Copper were worth $3,560,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SCCO. Whittier Trust Co. of Nevada Inc. purchased a new position in Southern Copper in the fourth quarter valued at about $30,000. Deseret Mutual Benefit Administrators increased its holdings in Southern Copper by 210.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 379 shares of the basic materials company's stock worth $35,000 after buying an additional 257 shares during the period. IFP Advisors Inc increased its holdings in Southern Copper by 143.4% in the 4th quarter. IFP Advisors Inc now owns 477 shares of the basic materials company's stock worth $43,000 after buying an additional 281 shares during the period. Larson Financial Group LLC lifted its holdings in Southern Copper by 28.0% in the fourth quarter. Larson Financial Group LLC now owns 521 shares of the basic materials company's stock valued at $48,000 after acquiring an additional 114 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new position in Southern Copper in the fourth quarter valued at approximately $51,000. 7.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SCCO shares. UBS Group reduced their target price 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. Itau BBA Securities upgraded Southern Copper from an "underperform" rating to a "market perform" rating in a report on Wednesday. Scotiabank increased their price target on Southern Copper from $52.00 to $72.00 and gave the stock a "sector underperform" rating in a report on Monday, March 10th. 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. Finally, Hsbc Global Res raised Southern Copper from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Southern Copper currently has an average rating of "Hold" and a consensus target price of $91.50.

Southern Copper Stock Performance

Southern Copper stock traded down $1.25 during trading hours on Friday, reaching $94.69. 1,070,982 shares of the stock were exchanged, compared to its average volume of 1,178,008. The stock has a market cap of $75.39 billion, a P/E ratio of 21.92, a P/E/G ratio of 1.90 and a beta of 1.01. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77. Southern Copper Co. has a 52-week low of $74.11 and a 52-week high of $118.64. The firm's 50 day moving average is $90.68 and its 200 day moving average is $93.30.

Southern Copper (NYSE:SCCO - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The basic materials company reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.14. The business had revenue of $3.12 billion during 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%. Analysts predict that Southern Copper Co. will post 4.66 EPS for the current fiscal year.

Southern Copper Announces Dividend

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