Universal Beteiligungs und Servicegesellschaft mbH Takes $40.23 Million Position in Southern Copper Co. (NYSE:SCCO)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Southern Copper Co. (NYSE:SCCO - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 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 reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in SCCO. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Southern Copper during the 4th quarter valued at $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 Southern Copper in the 4th quarter worth $47,000. Finally, Larson Financial Group LLC grew its holdings in Southern Copper by 28.0% in the 4th quarter. Larson Financial Group LLC now owns 521 shares of the basic materials company's stock worth $48,000 after acquiring an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 7.94% of the company's stock.

Analyst Ratings Changes

SCCO has been the topic of a number of recent analyst reports. UBS Group cut 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. Scotiabank raised their price target on shares of Southern Copper from $52.00 to $72.00 and gave the stock a "sector underperform" rating in a report on Monday, March 10th. Hsbc Global Res raised shares of Southern Copper from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. cut 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, Wall Street Zen lowered shares of Southern Copper from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $91.50.

Southern Copper Price Performance

Shares of NYSE:SCCO traded down $1.44 during midday trading on Friday, reaching $90.95. 1,312,415 shares of the company were exchanged, compared to its average volume of 1,192,894. 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 business's fifty day moving average is $89.45 and its two-hundred day moving average is $93.60. Southern Copper Co. has a one year low of $74.11 and a one year high of $118.64. The stock has a market cap of $72.41 billion, a PE ratio of 21.05, 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 quarterly earnings results on Friday, April 25th. The basic materials company reported $1.19 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.05 billion. As a group, analysts predict that Southern Copper Co. will post 4.66 earnings per share for the current year.

Southern Copper Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 5th were paid a $0.70 dividend. This represents a yield of 2.98%. The ex-dividend date was Friday, May 2nd. Southern Copper's dividend payout ratio is presently 61.27%.

Southern Copper Company 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.