Southern Copper Co. (NYSE:SCCO) Shares Sold by Teza Capital Management LLC

Teza Capital Management LLC lessened its holdings in Southern Copper Co. (NYSE:SCCO - Free Report) by 90.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,576 shares of the basic materials company's stock after selling 32,793 shares during the quarter. Teza Capital Management LLC's holdings in Southern Copper were worth $326,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Southern Copper during the fourth quarter worth about $30,000. Deseret Mutual Benefit Administrators lifted its holdings in shares of Southern Copper by 210.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 379 shares of the basic materials company's stock worth $35,000 after purchasing an additional 257 shares during the period. IFP Advisors Inc lifted its holdings in shares of Southern Copper by 143.4% during the fourth quarter. IFP Advisors Inc now owns 477 shares of the basic materials company's stock worth $43,000 after purchasing an additional 281 shares during the period. Spire Wealth Management acquired a new stake in shares of Southern Copper during the fourth quarter worth about $47,000. Finally, Larson Financial Group LLC lifted its holdings in shares of 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 period. Institutional investors and hedge funds own 7.94% of the company's stock.

Wall Street Analyst Weigh In

SCCO has been the subject of several recent research reports. Scotiabank lifted their price target on Southern Copper from $52.00 to $72.00 and gave the company a "sector underperform" rating in a research report on Monday, March 10th. Wall Street Zen cut Southern Copper from a "buy" rating to a "hold" rating in a research report on Tuesday. JPMorgan Chase & Co. reduced their price target on Southern Copper from $84.00 to $83.50 and set a "neutral" rating for the company in a research report on Monday, April 14th. UBS Group reduced their price target on Southern Copper from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Finally, Hsbc Global Res upgraded Southern Copper from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Southern Copper has an average rating of "Hold" and an average target price of $91.50.

Southern Copper Price Performance

Shares of Southern Copper stock traded up $2.02 on Friday, reaching $92.44. The company's stock had a trading volume of 1,072,071 shares, compared to its average volume of 1,195,513. The company has a market capitalization of $73.60 billion, a P/E ratio of 21.40, a PEG ratio of 1.90 and a beta of 1.05. Southern Copper Co. has a 52-week low of $74.11 and a 52-week high of $119.97. The stock has a 50-day moving average price of $90.25 and a 200-day moving average price of $94.23. The company has a quick ratio of 2.31, a current ratio of 2.77 and a debt-to-equity ratio of 0.64.

Southern Copper (NYSE:SCCO - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $3.12 billion during the quarter, compared to analysts' expectations of $3.05 billion. Southern Copper had a return on equity of 40.27% and a net margin of 29.53%. Analysts expect that Southern Copper Co. will post 4.66 EPS for the current 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. This represents a dividend yield of 2.98%. The ex-dividend date was Friday, May 2nd. Southern Copper's dividend payout ratio (DPR) is presently 61.27%.

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.