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

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

A number of other large investors also recently bought and sold shares of SCCO. Avanza Fonder AB acquired a new position in shares of Southern Copper in the 4th quarter valued at about $829,000. Merit Financial Group LLC purchased a new position in Southern Copper in the fourth quarter valued at approximately $1,106,000. Ameritas Advisory Services LLC lifted its position in Southern Copper by 18.2% during the fourth quarter. Ameritas Advisory Services LLC now owns 3,500 shares of the basic materials company's stock valued at $319,000 after buying an additional 538 shares in the last quarter. RoundAngle Advisors LLC purchased a new stake in Southern Copper during the fourth quarter worth approximately $1,200,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Southern Copper by 30.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 893 shares of the basic materials company's stock worth $81,000 after buying an additional 210 shares during the period. Hedge funds and other institutional investors own 7.94% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on SCCO. Hsbc Global Res raised shares of Southern Copper from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. cut their price objective on Southern Copper from $84.00 to $83.50 and set a "neutral" rating on the stock in a research report on Monday, April 14th. UBS Group decreased their target price on Southern Copper from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Wall Street Zen downgraded Southern Copper from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th. Finally, Scotiabank upped 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. 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 stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $91.50.

Southern Copper Stock Up 2.2%

Shares of NYSE SCCO traded up $2.02 during midday trading on Friday, reaching $92.44. 1,072,071 shares of the company's stock were exchanged, compared to its average volume of 1,196,773. The stock has a market capitalization of $73.60 billion, a PE ratio of 21.40, a price-to-earnings-growth ratio of 1.90 and a beta of 1.05. Southern Copper Co. has a 52-week low of $74.11 and a 52-week high of $119.97. 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 business's fifty day moving average price is $90.25 and its two-hundred day moving average price is $94.12.

Southern Copper (NYSE:SCCO - Get Free Report) last released its earnings results on Friday, April 25th. The basic materials company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.05 by $0.14. Southern Copper had a return on equity of 40.27% and a net margin of 29.53%. The company had revenue of $3.12 billion during the quarter, compared to analysts' expectations of $3.05 billion. Analysts forecast that Southern Copper Co. will post 4.66 EPS for the current year.

Southern Copper Announces Dividend

The business also recently disclosed 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. This represents a yield of 2.98%. The ex-dividend date was Friday, May 2nd. Southern Copper's dividend payout ratio is currently 61.27%.

Southern Copper 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.