General Pension Society PZU Joint Stock Co Purchases 19,592 Shares of Southern Copper Co. (NYSE:SCCO)

General Pension Society PZU Joint Stock Co raised its position in Southern Copper Co. (NYSE:SCCO - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 357,090 shares of the basic materials company's stock after acquiring an additional 19,592 shares during the quarter. Southern Copper makes up approximately 10.0% of General Pension Society PZU Joint Stock Co's portfolio, making the stock its 3rd biggest position. General Pension Society PZU Joint Stock Co's holdings in Southern Copper were worth $32,542,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SCCO. Inspire Investing LLC grew its position in shares of Southern Copper by 12.7% during the fourth quarter. Inspire Investing LLC now owns 3,100 shares of the basic materials company's stock worth $282,000 after buying an additional 350 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Southern Copper during the fourth quarter worth about $308,000. Blue Trust Inc. grew its position in shares of Southern Copper by 49.5% during the fourth quarter. Blue Trust Inc. now owns 7,295 shares of the basic materials company's stock worth $665,000 after buying an additional 2,416 shares in the last quarter. Vantage Investment Partners LLC grew its position in shares of Southern Copper by 21.8% during the fourth quarter. Vantage Investment Partners LLC now owns 139,554 shares of the basic materials company's stock worth $12,718,000 after buying an additional 24,987 shares in the last quarter. Finally, Jeppson Wealth Management LLC grew its position in shares of Southern Copper by 20.7% during the fourth quarter. Jeppson Wealth Management LLC now owns 3,083 shares of the basic materials company's stock worth $281,000 after buying an additional 528 shares in the last quarter. 7.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SCCO has been the subject of a number of analyst reports. Wall Street Zen downgraded Southern Copper from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Scotiabank boosted their target price on Southern Copper from $52.00 to $72.00 and gave the stock a "sector underperform" rating in a research note on Monday, March 10th. JPMorgan Chase & Co. decreased their target price 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. Hsbc Global Res upgraded Southern Copper from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 24th. Finally, 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 note on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $91.50.

Southern Copper Stock Performance

NYSE SCCO traded down $1.44 on Friday, reaching $90.95. The stock had a trading volume of 1,312,415 shares, compared to its average volume of 1,194,157. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77. Southern Copper Co. has a 12-month low of $74.11 and a 12-month high of $118.64. The business's 50-day moving average price is $89.45 and its 200 day moving average price is $93.70. The stock has a market cap of $72.41 billion, a P/E 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 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 business had revenue of $3.12 billion during the quarter, compared to analysts' expectations of $3.05 billion. As a group, equities analysts expect that Southern Copper Co. will post 4.66 earnings per share for the current year.

Southern Copper Announces Dividend

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