Southern Copper Co. (NYSE:SCCO) is General Pension Society PZU Joint Stock Co's 3rd Largest Position

General Pension Society PZU Joint Stock Co raised its stake in Southern Copper Co. (NYSE:SCCO - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 357,090 shares of the basic materials company's stock after purchasing an additional 19,592 shares during the quarter. Southern Copper makes up about 10.0% of General Pension Society PZU Joint Stock Co's portfolio, making the stock its 3rd biggest holding. General Pension Society PZU Joint Stock Co's holdings in Southern Copper were worth $32,542,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Southern Copper during the 4th quarter worth $30,000. Deseret Mutual Benefit Administrators grew its stake 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 purchasing an additional 257 shares during the period. IFP Advisors Inc grew its stake in Southern Copper by 143.4% during 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 period. Spire Wealth Management acquired a new stake in Southern Copper during the fourth quarter worth approximately $47,000. Finally, Larson Financial Group LLC boosted its holdings in Southern Copper by 28.0% in the fourth quarter. Larson Financial Group LLC now owns 521 shares of the basic materials company's stock worth $48,000 after acquiring an additional 114 shares in the last quarter. 7.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Hsbc Global Res raised Southern Copper from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 24th. UBS Group lowered their target price 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. Wall Street Zen cut Southern Copper from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Scotiabank raised their target price on shares of Southern Copper from $52.00 to $72.00 and gave the company a "sector underperform" rating in a research note on Monday, March 10th. Finally, 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 note on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $91.50.

Southern Copper Price Performance

SCCO stock traded down $1.44 during midday trading on Friday, hitting $90.95. The company's stock had a trading volume of 1,312,415 shares, compared to its average volume of 1,192,894. Southern Copper Co. has a 12 month low of $74.11 and a 12 month high of $118.64. The company has a quick ratio of 2.31, a current ratio of 2.77 and a debt-to-equity ratio of 0.64. The company has a 50 day moving average of $89.45 and a two-hundred day moving average of $93.60. The firm has a market capitalization of $72.41 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 1.90 and a beta of 1.05.

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

Southern Copper Announces Dividend

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