Southern Copper Corporation (NYSE:SCCO) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its position in Southern Copper Corporation (NYSE:SCCO - Free Report) by 30.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 179,245 shares of the basic materials company's stock after buying an additional 42,226 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Southern Copper were worth $16,752,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SCCO. Whittier Trust Co. of Nevada Inc. purchased a new position in Southern Copper in the 4th quarter valued at approximately $30,000. IFP Advisors Inc raised its stake in shares of Southern Copper by 143.4% in the fourth quarter. IFP Advisors Inc now owns 477 shares of the basic materials company's stock valued at $43,000 after acquiring an additional 281 shares in the last quarter. 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 valued at $48,000 after purchasing an additional 114 shares during the period. Golden State Wealth Management LLC acquired a new position in Southern Copper during the 1st quarter worth $59,000. Finally, Lee Danner & Bass Inc. purchased a new stake in Southern Copper during the 4th quarter worth about $60,000. Institutional investors and hedge funds own 7.94% of the company's stock.

Southern Copper Price Performance

SCCO stock opened at $102.41 on Friday. The business has a 50 day moving average price of $93.23 and a 200 day moving average price of $92.95. The company has a quick ratio of 3.22, a current ratio of 3.71 and a debt-to-equity ratio of 0.70. The stock has a market cap of $81.54 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 2.38 and a beta of 1.01. Southern Copper Corporation has a fifty-two week low of $74.11 and a fifty-two week high of $118.64.

Southern Copper (NYSE:SCCO - Get Free Report) last issued its 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 30.00% and a return on equity of 39.39%. The business had revenue of $3.12 billion during the quarter, compared to analysts' expectations of $3.05 billion. Equities research analysts anticipate that Southern Copper Corporation will post 4.66 earnings per share for the current fiscal 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 paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a yield of 2.98%. Southern Copper's dividend payout ratio is presently 61.27%.

Wall Street Analyst Weigh In

SCCO has been the subject of several recent research reports. Scotiabank lifted their price objective on Southern Copper from $52.00 to $72.00 and gave the company a "sector underperform" rating in a research note on Monday, March 10th. Itau BBA Securities upgraded shares of Southern Copper from an "underperform" rating to a "market perform" rating in a research note on Wednesday, June 11th. JPMorgan Chase & Co. lowered their price target on shares of 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 upgraded shares of Southern Copper from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 24th. Finally, UBS Group decreased their price objective on shares of Southern Copper from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Southern Copper has an average rating of "Hold" and an average price target of $91.50.

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.

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