Two Sigma Investments LP Buys 72,259 Shares of Southern Copper Co. (NYSE:SCCO)

Two Sigma Investments LP increased its position in shares of Southern Copper Co. (NYSE:SCCO - Free Report) by 30.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 307,868 shares of the basic materials company's stock after acquiring an additional 72,259 shares during the period. Two Sigma Investments LP's holdings in Southern Copper were worth $28,056,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Temasek Holdings Private Ltd increased its stake in Southern Copper by 7.6% in the 4th quarter. Temasek Holdings Private Ltd now owns 364,416 shares of the basic materials company's stock worth $33,209,000 after purchasing an additional 25,799 shares in the last quarter. State of Wyoming increased its stake in Southern Copper by 326.7% in the 4th quarter. State of Wyoming now owns 4,011 shares of the basic materials company's stock worth $366,000 after purchasing an additional 3,071 shares in the last quarter. Sherbrooke Park Advisers LLC increased its stake in Southern Copper by 105.4% in the 4th quarter. Sherbrooke Park Advisers LLC now owns 6,566 shares of the basic materials company's stock worth $598,000 after purchasing an additional 3,370 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Southern Copper in the 4th quarter worth about $2,534,000. Finally, Quantinno Capital Management LP increased its stake in Southern Copper by 31.0% in the 4th quarter. Quantinno Capital Management LP now owns 11,039 shares of the basic materials company's stock worth $1,006,000 after purchasing an additional 2,615 shares in the last quarter. 7.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Hsbc Global Res raised Southern Copper from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. dropped their price target on Southern Copper from $84.00 to $83.50 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Scotiabank lifted their price target on Southern Copper from $52.00 to $72.00 and gave the stock a "sector underperform" rating in a research note on Monday, March 10th. Wall Street Zen cut Southern Copper from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, UBS Group dropped their price target on Southern Copper from $120.00 to $100.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $91.50.

Southern Copper Stock Up 2.2%

NYSE SCCO traded up $2.02 during trading on Friday, reaching $92.44. 1,072,071 shares of the company's stock were exchanged, compared to its average volume of 1,196,773. Southern Copper Co. has a fifty-two week low of $74.11 and a fifty-two week high of $119.97. The firm has a market capitalization of $73.60 billion, a PE ratio of 21.40, a P/E/G ratio of 1.90 and a beta of 1.05. The company has a current ratio of 2.77, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. The company's fifty day simple moving average is $90.25 and its 200-day simple moving average is $94.23.

Southern Copper (NYSE:SCCO - Get Free Report) last announced its quarterly earnings data 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. Southern Copper had a return on equity of 40.27% and a net margin of 29.53%. The firm had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.05 billion. Sell-side analysts predict that Southern Copper Co. will post 4.66 EPS for the current year.

Southern Copper Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 5th were issued a dividend of $0.70 per share. The ex-dividend date was Friday, May 2nd. This represents a dividend yield of 2.98%. Southern Copper's dividend 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.