Southern Copper Corporation (NYSE:SCCO) Shares Sold by Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. decreased its holdings in Southern Copper Corporation (NYSE:SCCO - Free Report) by 92.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,616 shares of the basic materials company's stock after selling 385,473 shares during the period. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s holdings in Southern Copper were worth $3,048,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of SCCO. Generali Investments CEE investicni spolecnost a.s. increased its holdings in Southern Copper by 0.7% in the first quarter. Generali Investments CEE investicni spolecnost a.s. now owns 15,077 shares of the basic materials company's stock valued at $1,409,000 after buying an additional 108 shares during the last quarter. Balefire LLC lifted its holdings in 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 buying an additional 141 shares during the last quarter. Centerstone Investors LLC boosted its position in shares of Southern Copper by 0.6% during the 4th quarter. Centerstone Investors LLC now owns 23,438 shares of the basic materials company's stock worth $2,136,000 after acquiring an additional 143 shares in the last quarter. Sava Infond d.o.o. increased its holdings in shares of Southern Copper by 0.7% in the 1st quarter. Sava Infond d.o.o. now owns 20,197 shares of the basic materials company's stock valued at $1,888,000 after acquiring an additional 144 shares during the last quarter. Finally, Tyche Wealth Partners LLC raised its position in shares of Southern Copper by 0.7% during the 1st quarter. Tyche Wealth Partners LLC now owns 19,951 shares of the basic materials company's stock worth $1,865,000 after acquiring an additional 144 shares in the last quarter. Hedge funds and other institutional investors own 7.94% of the company's stock.

Wall Street Analyst Weigh In

SCCO has been the topic of a number of research reports. Itau BBA Securities upgraded shares of Southern Copper from an "underperform" rating to a "market perform" rating in a research report on Wednesday, June 11th. JPMorgan Chase & Co. dropped their price objective on shares of Southern Copper from $83.50 to $79.00 and set a "neutral" rating on the stock in a research note on Thursday, July 3rd. Hsbc Global Res upgraded shares of Southern Copper from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 24th. Morgan Stanley reissued an "underweight" rating and set a $99.00 price target (up previously from $86.00) on shares of Southern Copper in a report on Tuesday, July 15th. Finally, UBS Group cut Southern Copper from a "buy" rating to a "neutral" rating and set a $105.00 price target on the stock. in a research report on Tuesday, July 1st. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, Southern Copper presently has an average rating of "Hold" and a consensus price target of $91.00.

Southern Copper Trading Up 0.9%

Shares of SCCO traded up $0.87 on Tuesday, hitting $98.92. 1,031,242 shares of the stock traded hands, compared to its average volume of 1,247,050. The firm has a market capitalization of $78.76 billion, a P/E ratio of 21.65, a P/E/G ratio of 2.52 and a beta of 1.02. The company has a quick ratio of 3.22, a current ratio of 3.71 and a debt-to-equity ratio of 0.70. Southern Copper Corporation has a 1 year low of $74.11 and a 1 year high of $118.64. The stock's 50 day moving average is $96.45 and its two-hundred day moving average is $93.67.

Southern Copper (NYSE:SCCO - Get Free Report) last posted 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. Southern Copper had a return on equity of 39.39% and a net margin of 30.00%. The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.05 billion. As a group, sell-side analysts predict that Southern Copper Corporation will post 4.66 earnings per share for the current year.

Southern Copper Dividend Announcement

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