Polianta Ltd Acquires Shares of 13,200 Southern Copper Co. (NYSE:SCCO)

Polianta Ltd bought a new stake in Southern Copper Co. (NYSE:SCCO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,200 shares of the basic materials company's stock, valued at approximately $1,233,000. Southern Copper comprises about 0.6% of Polianta Ltd's portfolio, making the stock its 23rd biggest position.

A number of other large investors have also added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Southern Copper during the fourth quarter worth approximately $30,000. Deseret Mutual Benefit Administrators grew its holdings in shares of Southern Copper by 210.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 379 shares of the basic materials company's stock valued at $35,000 after purchasing an additional 257 shares during the last quarter. IFP Advisors Inc raised its position in Southern Copper by 143.4% in the 4th 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 period. Larson Financial Group LLC raised its position in Southern Copper by 28.0% in 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. Finally, Stonebridge Financial Group LLC bought a new stake in Southern Copper in the fourth quarter worth $51,000. Hedge funds and other institutional investors own 7.94% of the company's stock.

Southern Copper Trading Down 1.3%

NYSE:SCCO traded down $1.25 during mid-day trading on Friday, reaching $94.69. 1,070,982 shares of the company's stock traded hands, compared to its average volume of 1,178,007. The company has a 50 day moving average price of $90.29 and a 200-day moving average price of $93.32. The firm has a market capitalization of $75.39 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 1.90 and a beta of 1.01. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.77 and a quick ratio of 2.31. Southern Copper Co. has a 12-month low of $74.11 and a 12-month high of $118.64.

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 40.27% and a net margin of 29.53%. On average, sell-side analysts predict that Southern Copper Co. will post 4.66 earnings per share for the current year.

Southern Copper Dividend Announcement

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%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SCCO. UBS Group reduced their price objective on Southern Copper from $120.00 to $100.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. JPMorgan Chase & Co. dropped their target price on Southern Copper from $84.00 to $83.50 and set a "neutral" rating for the company in a report on Monday, April 14th. 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 report on Tuesday, May 20th. Finally, Itau BBA Securities raised Southern Copper from an "underperform" rating to a "market perform" rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $91.50.

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.