Southern Copper Co. (NYSE:SCCO) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its position in shares of Southern Copper Co. (NYSE:SCCO - Free Report) by 12,538.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 84,675 shares of the basic materials company's stock after purchasing an additional 84,005 shares during the period. GAMMA Investing LLC's holdings in Southern Copper were worth $7,914,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors boosted its stake in shares of Southern Copper by 0.6% during the 4th quarter. Capital World Investors now owns 4,232,245 shares of the basic materials company's stock valued at $385,684,000 after buying an additional 24,787 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Southern Copper by 0.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,700,844 shares of the basic materials company's stock worth $337,260,000 after acquiring an additional 15,037 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Southern Copper by 10.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,354,637 shares of the basic materials company's stock worth $123,448,000 after purchasing an additional 130,710 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Southern Copper by 6.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,280,286 shares of the basic materials company's stock worth $116,672,000 after purchasing an additional 78,769 shares during the period. Finally, FIL Ltd increased its holdings in shares of Southern Copper by 0.3% during the 4th quarter. FIL Ltd now owns 1,171,227 shares of the basic materials company's stock worth $106,734,000 after purchasing an additional 3,045 shares during the period. 7.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SCCO has been the topic of a number of analyst reports. Wall Street Zen cut shares of Southern Copper from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th. UBS Group decreased their price target on shares of Southern Copper from $120.00 to $100.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Scotiabank increased their price objective on shares of Southern Copper from $52.00 to $72.00 and gave the company a "sector underperform" rating in a report on Monday, March 10th. JPMorgan Chase & Co. cut their price objective on shares of Southern Copper from $84.00 to $83.50 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Hsbc Global Res upgraded shares of Southern Copper from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Southern Copper currently has a consensus rating of "Hold" and a consensus price target of $91.50.

Southern Copper Trading Down 0.4%

Shares of NYSE:SCCO opened at $95.65 on Monday. 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's fifty day simple moving average is $89.34 and its 200 day simple moving average is $93.34. The firm has a market cap of $76.15 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 1.90 and a beta of 1.01.

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 (EPS) 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 firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.05 billion. As a group, research analysts forecast that Southern Copper Co. will post 4.66 EPS for the current fiscal 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 given 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 dividend payout ratio (DPR) is presently 61.27%.

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.

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