Blue Square Asset Management LLC Has $1.99 Million Holdings in Southern Copper Corporation (NYSE:SCCO)

Blue Square Asset Management LLC reduced its holdings in Southern Copper Corporation (NYSE:SCCO - Free Report) by 45.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,242 shares of the basic materials company's stock after selling 17,645 shares during the quarter. Blue Square Asset Management LLC's holdings in Southern Copper were worth $1,985,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Golden State Wealth Management LLC bought a new position in shares of Southern Copper in the first quarter valued at approximately $29,000. Whittier Trust Co. of Nevada Inc. bought a new position in Southern Copper in the 4th quarter worth approximately $30,000. Lee Danner & Bass Inc. bought a new position in Southern Copper in the 4th quarter worth approximately $60,000. Creative Financial Designs Inc. ADV raised its position in Southern Copper by 199.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 667 shares of the basic materials company's stock worth $61,000 after purchasing an additional 444 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Southern Copper in the 4th quarter worth approximately $84,000. 7.94% of the stock is owned by institutional investors and hedge funds.

Southern Copper Stock Performance

Shares of SCCO stock traded down $0.66 on Friday, reaching $101.60. The stock had a trading volume of 1,176,031 shares, compared to its average volume of 1,251,491. 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 firm's 50-day moving average is $95.58 and its two-hundred day moving average is $93.48. The firm has a market capitalization of $80.89 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 2.33 and a beta of 1.02. Southern Copper Corporation has a 12 month low of $74.11 and a 12 month high of $118.64.

Southern Copper (NYSE:SCCO - Get Free Report) last announced its 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 net margin of 30.00% and a return on equity of 39.39%. The company had revenue of $3.12 billion for the quarter, compared to analysts' expectations of $3.05 billion. On average, research analysts expect that Southern Copper Corporation will post 4.66 EPS for the current fiscal year.

Southern Copper Announces Dividend

The business also recently announced a dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 5th were given 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 currently 61.27%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SCCO. Wall Street Zen cut shares of Southern Copper from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th. UBS Group cut shares of Southern Copper from a "buy" rating to a "neutral" rating and set a $105.00 target price for the company. in a research report on Tuesday, July 1st. JPMorgan Chase & Co. dropped their target price on shares of Southern Copper from $83.50 to $79.00 and set a "neutral" rating for the company in a research report on Thursday, July 3rd. Itau BBA Securities upgraded shares of Southern Copper from an "underperform" rating to a "market perform" rating in a research report on Wednesday, June 11th. Finally, Hsbc Global Res raised shares of Southern Copper from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 24th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, Southern Copper has a consensus rating of "Hold" and a consensus target price of $91.60.

Southern Copper Company 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.