Temasek Holdings Private Ltd Has $33.21 Million Stock Position in Southern Copper Co. (NYSE:SCCO)

Temasek Holdings Private Ltd increased its holdings in shares of Southern Copper Co. (NYSE:SCCO - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 364,416 shares of the basic materials company's stock after acquiring an additional 25,799 shares during the period. Temasek Holdings Private Ltd's holdings in Southern Copper were worth $33,209,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SCCO. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Southern Copper in the 4th quarter valued at $30,000. Deseret Mutual Benefit Administrators lifted its position in Southern Copper by 210.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 379 shares of the basic materials company's stock valued at $35,000 after purchasing an additional 257 shares during the period. IFP Advisors Inc grew its holdings 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 acquired a new stake in shares of Southern Copper in the 4th quarter valued at approximately $47,000. Finally, Larson Financial Group LLC grew its stake 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 acquiring an additional 114 shares during the period. Institutional investors own 7.94% of the company's stock.

Southern Copper Stock Performance

NYSE SCCO traded down $0.05 on Tuesday, hitting $91.58. 779,324 shares of the stock were exchanged, compared to its average volume of 1,203,509. The company has a market capitalization of $72.91 billion, a PE ratio of 21.20, a P/E/G ratio of 1.90 and a beta of 1.05. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.77 and a quick ratio of 2.31. The business's fifty day moving average is $90.63 and its 200 day moving average is $94.55. Southern Copper Co. has a 52 week low of $74.11 and a 52 week high of $125.60.

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 analysts' consensus estimates of $1.05 by $0.14. Southern Copper had a net margin of 29.53% and a return on equity of 40.27%. The company had revenue of $3.12 billion for the quarter, compared to analysts' expectations of $3.05 billion. Research analysts anticipate that Southern Copper Co. will post 4.66 EPS for the current fiscal year.

Southern Copper Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Friday, May 2nd. This represents a dividend yield of 2.98%. Southern Copper's payout ratio is 61.27%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Hsbc Global Res upgraded Southern Copper from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 24th. StockNews.com lowered Southern Copper from a "buy" rating to a "hold" rating in a research report on Tuesday. Scotiabank upped their price target on Southern Copper from $52.00 to $72.00 and gave the stock a "sector underperform" rating in a research report on Monday, March 10th. UBS Group lowered their price objective on shares of Southern Copper from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. 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 equities 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 company. According to data from MarketBeat, Southern Copper currently has a consensus rating of "Hold" and a consensus 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.