Southern Copper Corporation (NYSE:SCCO) Shares Acquired by CFC Planning Co LLC

CFC Planning Co LLC raised its position in shares of Southern Copper Corporation (NYSE:SCCO - Free Report) by 13.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,429 shares of the basic materials company's stock after buying an additional 3,460 shares during the quarter. Southern Copper comprises 3.0% of CFC Planning Co LLC's portfolio, making the stock its 9th largest position. CFC Planning Co LLC's holdings in Southern Copper were worth $2,750,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Generali Investments CEE investicni spolecnost a.s. raised its position in shares of Southern Copper by 0.7% during the 1st quarter. Generali Investments CEE investicni spolecnost a.s. now owns 15,077 shares of the basic materials company's stock worth $1,409,000 after purchasing an additional 108 shares during the period. Larson Financial Group LLC raised its position in shares of Southern Copper by 28.0% during the 4th quarter. Larson Financial Group LLC now owns 521 shares of the basic materials company's stock worth $48,000 after purchasing an additional 114 shares during the period. Cadence Wealth Management LLC raised its position in shares of Southern Copper by 4.1% during the 4th quarter. Cadence Wealth Management LLC now owns 2,919 shares of the basic materials company's stock worth $266,000 after purchasing an additional 116 shares during the period. Signaturefd LLC raised its position in shares of Southern Copper by 1.7% during the 4th quarter. Signaturefd LLC now owns 8,043 shares of the basic materials company's stock worth $733,000 after purchasing an additional 133 shares during the period. Finally, Balefire LLC raised its position in shares of Southern Copper by 3.0% during the 1st quarter. Balefire LLC now owns 4,779 shares of the basic materials company's stock worth $447,000 after purchasing an additional 141 shares during the period. Institutional investors and hedge funds own 7.94% of the company's stock.

Southern Copper Price Performance

Shares of SCCO stock traded down $1.55 during mid-day trading on Monday, hitting $100.06. 1,074,331 shares of the stock traded hands, compared to its average volume of 1,442,328. Southern Copper Corporation has a twelve month low of $74.84 and a twelve month high of $121.44. The firm has a market cap of $79.67 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 2.33 and a beta of 1.02. The company's 50-day simple moving average is $95.58 and its 200-day simple moving average is $93.47. The company has a debt-to-equity ratio of 0.70, a quick ratio of 3.22 and a current ratio of 3.71.

Southern Copper (NYSE:SCCO - Get Free Report) last issued its quarterly 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. Southern Copper had a return on equity of 39.39% and a net margin of 30.00%. The company had revenue of $3.12 billion for the quarter, compared to analysts' expectations of $3.05 billion. As a group, equities research analysts expect that Southern Copper Corporation will post 4.66 earnings per share for the current year.

Southern Copper Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Itau BBA Securities upgraded Southern Copper from an "underperform" rating to a "market perform" rating in a research report on Wednesday, June 11th. Hsbc Global Res raised Southern Copper from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 24th. Wall Street Zen downgraded Southern Copper from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th. UBS Group downgraded 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. Finally, JPMorgan Chase & Co. cut their target price on Southern Copper from $83.50 to $79.00 and set a "neutral" rating on the stock in a research note on Thursday, July 3rd. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $91.60.

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.