Southern Copper Co. (NYSE:SCCO) Shares Purchased by State of Wyoming

State of Wyoming raised its position in Southern Copper Co. (NYSE:SCCO - Free Report) by 326.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,011 shares of the basic materials company's stock after acquiring an additional 3,071 shares during the period. State of Wyoming's holdings in Southern Copper were worth $366,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Southern Copper in the fourth quarter worth $30,000. Deseret Mutual Benefit Administrators raised its stake in Southern Copper by 210.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 379 shares of the basic materials company's stock worth $35,000 after acquiring an additional 257 shares during the last quarter. IFP Advisors Inc lifted its position in Southern Copper by 143.4% during the 4th quarter. IFP Advisors Inc now owns 477 shares of the basic materials company's stock worth $43,000 after acquiring an additional 281 shares during the period. Spire Wealth Management purchased a new stake in Southern Copper during the 4th quarter valued at about $47,000. Finally, Larson Financial Group LLC grew its stake in Southern Copper by 28.0% during the 4th 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 last quarter. 7.94% of the stock is currently owned by institutional investors and hedge funds.

Southern Copper Price Performance

Shares of Southern Copper stock traded up $0.95 during trading hours on Tuesday, reaching $93.29. The stock had a trading volume of 366,073 shares, compared to its average volume of 1,193,563. The stock's 50 day moving average is $90.11 and its 200 day moving average is $93.89. The firm has a market capitalization of $74.27 billion, a PE ratio of 21.66, a PEG ratio of 1.90 and a beta of 1.05. Southern Copper Co. has a twelve month low of $74.11 and a twelve month high of $119.97. The company has a current ratio of 2.77, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64.

Southern Copper (NYSE:SCCO - Get Free Report) last released its earnings results on Friday, April 25th. The basic materials company reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.14. The business had revenue of $3.12 billion during the quarter, compared to analysts' expectations of $3.05 billion. Southern Copper had a net margin of 29.53% and a return on equity of 40.27%. Equities analysts expect that Southern Copper Co. will post 4.66 earnings per share for the current fiscal year.

Southern Copper Announces Dividend

The company also recently announced a dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 5th were issued 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 payout ratio is 61.27%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wall Street Zen lowered Southern Copper from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th. Scotiabank increased their price objective on Southern Copper from $52.00 to $72.00 and gave the company a "sector underperform" rating in a report on Monday, March 10th. UBS Group decreased their target price 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. Hsbc Global Res upgraded shares of Southern Copper from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Southern Copper from $84.00 to $83.50 and set a "neutral" rating for the company in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Southern Copper currently has a consensus rating of "Hold" and an average price target of $91.50.

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.