Janney Montgomery Scott LLC Has $17.57 Million Stake in Southern Copper Corporation (NYSE:SCCO)

Janney Montgomery Scott LLC lifted its stake in Southern Copper Corporation (NYSE:SCCO - Free Report) by 6.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 187,970 shares of the basic materials company's stock after buying an additional 11,052 shares during the period. Janney Montgomery Scott LLC's holdings in Southern Copper were worth $17,568,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in SCCO. Larson Financial Group LLC lifted its stake in Southern Copper by 28.0% during the fourth 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 last quarter. Cadence Wealth Management LLC lifted its stake in Southern Copper by 4.1% during the fourth quarter. Cadence Wealth Management LLC now owns 2,919 shares of the basic materials company's stock worth $266,000 after purchasing an additional 116 shares during the last quarter. Signaturefd LLC lifted its stake in Southern Copper by 1.7% during the fourth quarter. Signaturefd LLC now owns 8,043 shares of the basic materials company's stock worth $733,000 after purchasing an additional 133 shares during the last quarter. Centerstone Investors LLC lifted its stake in Southern Copper by 0.6% during the fourth quarter. Centerstone Investors LLC now owns 23,438 shares of the basic materials company's stock worth $2,136,000 after purchasing an additional 143 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in Southern Copper by 0.7% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 19,936 shares of the basic materials company's stock worth $1,817,000 after purchasing an additional 145 shares during the last quarter. 7.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SCCO has been the subject of several recent analyst reports. Hsbc Global Res upgraded Southern Copper from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 24th. Scotiabank upped 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. Itau BBA Securities upgraded Southern Copper from an "underperform" rating to a "market perform" rating in a research note on Wednesday, June 11th. Wall Street Zen cut Southern Copper from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Finally, UBS Group cut 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 equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $91.50.

Southern Copper Price Performance

Shares of SCCO traded down $1.74 during trading hours on Friday, reaching $93.51. The stock had a trading volume of 6,444,740 shares, compared to its average volume of 1,195,765. Southern Copper Corporation has a 12 month low of $74.11 and a 12 month high of $118.64. The stock has a market capitalization of $74.45 billion, a PE ratio of 20.46, a PEG ratio of 2.25 and a beta of 1.01. The company has a debt-to-equity ratio of 0.70, a quick ratio of 3.22 and a current ratio of 3.71. The company's 50-day moving average is $91.98 and its two-hundred day moving average is $93.07.

Southern Copper (NYSE:SCCO - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The basic materials company reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.14. Southern Copper had a return on equity of 39.39% and a net margin of 30.00%. The company had revenue of $3.12 billion during the quarter, compared to analysts' expectations of $3.05 billion. Research analysts expect that Southern Copper Corporation will post 4.66 EPS for the current year.

Southern Copper Dividend Announcement

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