Universal Beteiligungs und Servicegesellschaft mbH Makes New $40.23 Million Investment in Southern Copper Co. (NYSE:SCCO)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Southern Copper Co. (NYSE:SCCO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 441,413 shares of the basic materials company's stock, valued at approximately $40,226,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of Southern Copper at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SCCO. Norges Bank acquired a new position in Southern Copper in the fourth quarter valued at about $52,738,000. Renaissance Technologies LLC increased its holdings in shares of Southern Copper by 1,417.7% during the fourth quarter. Renaissance Technologies LLC now owns 407,912 shares of the basic materials company's stock worth $37,173,000 after buying an additional 381,035 shares in the last quarter. Northern Trust Corp raised its stake in shares of Southern Copper by 44.9% in the fourth quarter. Northern Trust Corp now owns 1,146,537 shares of the basic materials company's stock valued at $104,484,000 after acquiring an additional 355,013 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Southern Copper by 49.6% in the fourth quarter. Marshall Wace LLP now owns 998,923 shares of the basic materials company's stock valued at $91,032,000 after acquiring an additional 331,319 shares during the last quarter. Finally, Driehaus Capital Management LLC boosted its holdings in shares of Southern Copper by 26.8% in the 4th quarter. Driehaus Capital Management LLC now owns 1,028,848 shares of the basic materials company's stock worth $93,759,000 after acquiring an additional 217,546 shares in the last quarter. 7.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on SCCO. UBS Group lowered their price objective on shares of Southern Copper from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Scotiabank raised 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. Wall Street Zen downgraded Southern Copper from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th. Hsbc Global Res upgraded Southern Copper from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. lowered their target price on Southern Copper from $84.00 to $83.50 and set a "neutral" rating for the company in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $91.50.

Southern Copper Price Performance

Shares of NYSE:SCCO traded down $1.44 during trading on Friday, hitting $90.95. 1,312,415 shares of the company were exchanged, compared to its average volume of 1,194,157. Southern Copper Co. has a 1-year low of $74.11 and a 1-year high of $118.64. The company has a market capitalization of $72.41 billion, a P/E ratio of 21.05, a price-to-earnings-growth ratio of 1.90 and a beta of 1.05. The company has a quick ratio of 2.31, a current ratio of 2.77 and a debt-to-equity ratio of 0.64. The business's 50 day moving average is $89.45 and its 200-day moving average is $93.70.

Southern Copper (NYSE:SCCO - Get Free Report) last posted its earnings results on Friday, April 25th. The basic materials company reported $1.19 earnings per share for the quarter, topping 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 firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.05 billion. Equities analysts forecast that Southern Copper Co. will post 4.66 earnings per share for the current year.

Southern Copper Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, May 2nd. This represents a dividend yield of 2.98%. Southern Copper's dividend payout ratio (DPR) is 61.27%.

About Southern Copper

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.