Two Sigma Advisers LP Has $20.08 Million Stake in Southern Copper Co. (NYSE:SCCO)

Two Sigma Advisers LP lifted its stake in shares of Southern Copper Co. (NYSE:SCCO - Free Report) by 144.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 220,305 shares of the basic materials company's stock after purchasing an additional 130,132 shares during the quarter. Two Sigma Advisers LP's holdings in Southern Copper were worth $20,076,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Southern Copper during the 4th quarter valued at approximately $30,000. Deseret Mutual Benefit Administrators grew its holdings in shares of 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 last quarter. IFP Advisors Inc grew its holdings in shares of Southern Copper by 143.4% during the 4th quarter. IFP Advisors Inc now owns 477 shares of the basic materials company's stock valued at $43,000 after purchasing an additional 281 shares during the last quarter. Spire Wealth Management bought a new stake in shares of Southern Copper during the 4th quarter valued at approximately $47,000. Finally, Larson Financial Group LLC grew its holdings in shares of 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 owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on SCCO. Wall Street Zen downgraded shares of Southern Copper from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Scotiabank lifted their target price on shares of Southern Copper from $52.00 to $72.00 and gave the stock a "sector underperform" rating in a research report on Monday, March 10th. 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. UBS Group cut their target price on shares of Southern Copper from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. cut their target price on shares of Southern Copper from $84.00 to $83.50 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Southern Copper presently has an average rating of "Hold" and a consensus price target of $91.50.

Southern Copper Trading Up 0.8%

Shares of NYSE SCCO traded up $0.75 during midday trading on Tuesday, reaching $93.09. The stock had a trading volume of 398,425 shares, compared to its average volume of 1,193,650. The company's 50 day moving average price is $90.11 and its 200 day moving average price is $93.89. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77. Southern Copper Co. has a twelve month low of $74.11 and a twelve month high of $119.97. The firm has a market cap of $74.12 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 1.90 and a beta of 1.05.

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

Southern Copper Announces Dividend

The company also recently announced 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 of this dividend was Friday, May 2nd. This represents a yield of 2.98%. Southern Copper's payout ratio is 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.