UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $116.67 Million Holdings in Southern Copper Co. (NYSE:SCCO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Southern Copper Co. (NYSE:SCCO - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,280,286 shares of the basic materials company's stock after purchasing an additional 78,769 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.16% of Southern Copper worth $116,672,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in SCCO. Voloridge Investment Management LLC boosted its holdings in Southern Copper by 15.1% in the fourth quarter. Voloridge Investment Management LLC now owns 419,240 shares of the basic materials company's stock worth $38,205,000 after purchasing an additional 55,146 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new position in Southern Copper during the fourth quarter valued at approximately $1,568,000. Two Sigma Advisers LP lifted its stake in shares of Southern Copper by 144.3% in the fourth quarter. Two Sigma Advisers LP now owns 220,305 shares of the basic materials company's stock worth $20,076,000 after buying an additional 130,132 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of Southern Copper by 30.7% in the fourth quarter. Two Sigma Investments LP now owns 307,868 shares of the basic materials company's stock worth $28,056,000 after buying an additional 72,259 shares during the last quarter. Finally, Temasek Holdings Private Ltd lifted its stake in shares of Southern Copper by 7.6% in the fourth quarter. Temasek Holdings Private Ltd now owns 364,416 shares of the basic materials company's stock worth $33,209,000 after buying an additional 25,799 shares during the last quarter. 7.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Southern Copper Price Performance

Shares of SCCO traded up $0.74 during trading hours on Tuesday, hitting $93.08. The stock had a trading volume of 1,021,364 shares, compared to its average volume of 1,196,073. Southern Copper Co. has a 52 week low of $74.11 and a 52 week high of $119.97. The company's fifty day moving average is $90.11 and its two-hundred day moving average is $93.89. 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 stock has a market capitalization of $74.11 billion, a price-to-earnings ratio of 21.55, a P/E/G ratio of 1.90 and a beta of 1.05.

Southern Copper (NYSE:SCCO - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The basic materials company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.14. The firm 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%. On average, analysts anticipate that Southern Copper Co. will post 4.66 EPS for the current year.

Southern Copper Announces Dividend

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