Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. Has $38.10 Million Position in Southern Copper Co. (NYSE:SCCO)

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. lowered its position in Southern Copper Co. (NYSE:SCCO - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 418,089 shares of the basic materials company's stock after selling 35,278 shares during the period. Southern Copper accounts for about 4.6% of Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s holdings, making the stock its 4th biggest position. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. owned approximately 0.05% of Southern Copper worth $38,100,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SCCO. Whittier Trust Co. of Nevada Inc. purchased a new position in Southern Copper during the fourth quarter worth about $30,000. Deseret Mutual Benefit Administrators lifted its holdings in Southern Copper by 210.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 379 shares of the basic materials company's stock worth $35,000 after acquiring an additional 257 shares during the period. IFP Advisors Inc boosted its position in Southern Copper by 143.4% in the fourth quarter. IFP Advisors Inc now owns 477 shares of the basic materials company's stock worth $43,000 after purchasing an additional 281 shares during the last quarter. Spire Wealth Management bought a new position in Southern Copper in the 4th quarter valued at $47,000. Finally, Larson Financial Group LLC increased its holdings in Southern Copper by 28.0% during the fourth quarter. Larson Financial Group LLC now owns 521 shares of the basic materials company's stock worth $48,000 after buying an additional 114 shares during the last quarter. Institutional investors own 7.94% of the company's stock.

Analysts Set New Price Targets

SCCO has been the subject of several recent research reports. Hsbc Global Res raised Southern Copper from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 24th. UBS Group lowered their price target on shares of Southern Copper from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their price target on Southern Copper from $84.00 to $83.50 and set a "neutral" rating for the company in a research report on Monday, April 14th. StockNews.com lowered Southern Copper from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, Scotiabank lifted their price objective on Southern Copper from $52.00 to $72.00 and gave the stock a "sector underperform" rating in a research report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $91.50.

Southern Copper Price Performance

NYSE SCCO opened at $91.63 on Tuesday. Southern Copper Co. has a one year low of $74.11 and a one year high of $126.09. The stock has a 50-day moving average of $90.65 and a 200 day moving average of $94.57. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77. The company has a market capitalization of $72.95 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 1.90 and a beta of 1.05.

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 for the quarter, beating the consensus estimate of $1.05 by $0.14. Southern Copper had a net margin of 29.53% and a return on equity of 40.27%. The business had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.05 billion. On average, sell-side analysts forecast that Southern Copper Co. will post 4.66 EPS for the current year.

Southern Copper Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 5th were given 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 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.

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