Capital Advisors Inc. OK Boosts Holdings in Southern Copper Corporation (NYSE:SCCO)

Capital Advisors Inc. OK boosted its stake in shares of Southern Copper Corporation (NYSE:SCCO - Free Report) by 3.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 273,586 shares of the basic materials company's stock after buying an additional 7,861 shares during the quarter. Capital Advisors Inc. OK's holdings in Southern Copper were worth $25,569,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SCCO. Capital World Investors boosted its holdings in Southern Copper by 0.6% in the 4th quarter. Capital World Investors now owns 4,232,245 shares of the basic materials company's stock worth $385,684,000 after buying an additional 24,787 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Southern Copper by 0.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,700,844 shares of the basic materials company's stock worth $337,260,000 after purchasing an additional 15,037 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Southern Copper by 10.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,354,637 shares of the basic materials company's stock valued at $123,448,000 after buying an additional 130,710 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Southern Copper by 6.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,280,286 shares of the basic materials company's stock valued at $116,672,000 after buying an additional 78,769 shares during the period. Finally, FIL Ltd lifted its holdings in shares of Southern Copper by 0.3% in the fourth quarter. FIL Ltd now owns 1,171,227 shares of the basic materials company's stock worth $106,734,000 after buying an additional 3,045 shares in the last quarter. Institutional investors own 7.94% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SCCO shares. JPMorgan Chase & Co. decreased their target price on shares of Southern Copper from $83.50 to $79.00 and set a "neutral" rating on the stock in a report on Thursday, July 3rd. UBS Group cut shares of Southern Copper from a "buy" rating to a "neutral" rating and set a $105.00 target price on the stock. in a research note on Tuesday, July 1st. Itau BBA Securities upgraded shares of Southern Copper from an "underperform" rating to a "market perform" rating in a research note on Wednesday, June 11th. Hsbc Global Res upgraded shares of Southern Copper from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 24th. 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 equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $91.60.

Southern Copper Trading Down 1.2%

Southern Copper stock traded down $1.24 during trading hours on Tuesday, reaching $103.27. The stock had a trading volume of 4,501,613 shares, compared to its average volume of 1,237,176. Southern Copper Corporation has a 52 week low of $74.11 and a 52 week high of $118.64. The stock has a market cap of $82.22 billion, a PE ratio of 22.60, a PEG ratio of 2.37 and a beta of 1.02. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.71 and a quick ratio of 3.22. The company has a fifty day simple moving average of $94.69 and a 200-day simple moving average of $93.26.

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

Southern Copper Announces Dividend

The business also recently declared a dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 5th were issued a $0.70 dividend. This represents a yield of 2.98%. The ex-dividend date of this dividend was Friday, May 2nd. Southern Copper's dividend payout ratio (DPR) is currently 61.27%.

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.