U.S. Capital Wealth Advisors LLC Decreases Stock Position in Southern Copper Corporation (NYSE:SCCO)

U.S. Capital Wealth Advisors LLC lowered its position in Southern Copper Corporation (NYSE:SCCO - Free Report) by 8.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 140,540 shares of the basic materials company's stock after selling 12,303 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Southern Copper were worth $13,135,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SCCO. Proficio Capital Partners LLC purchased a new stake in shares of Southern Copper during the 4th quarter worth approximately $84,000. Jones Financial Companies Lllp increased its holdings in shares of Southern Copper by 105.5% in the 4th quarter. Jones Financial Companies Lllp now owns 8,462 shares of the basic materials company's stock valued at $771,000 after acquiring an additional 4,344 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in shares of Southern Copper by 10.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 14,639 shares of the basic materials company's stock valued at $1,334,000 after acquiring an additional 1,372 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Southern Copper by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 237,437 shares of the basic materials company's stock valued at $21,638,000 after acquiring an additional 4,889 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Southern Copper in the 4th quarter valued at $8,420,000. Hedge funds and other institutional investors own 7.94% of the company's stock.

Southern Copper Price Performance

Shares of NYSE SCCO traded down $0.53 during trading on Tuesday, hitting $103.98. 380,268 shares of the company were exchanged, compared to its average volume of 1,220,501. The company has a market cap of $82.79 billion, a price-to-earnings ratio of 22.73, a PEG ratio of 2.37 and a beta of 1.02. Southern Copper Corporation has a 1 year low of $74.11 and a 1 year high of $118.64. The firm's fifty day moving average price is $94.69 and its 200 day moving average price is $93.26. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.71 and a quick ratio of 3.22.

Southern Copper (NYSE:SCCO - Get Free Report) last issued its earnings results on Friday, April 25th. The basic materials company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.05 by $0.14. The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.05 billion. Southern Copper had a net margin of 30.00% and a return on equity of 39.39%. On average, sell-side analysts expect that Southern Copper Corporation will post 4.66 earnings per share for the current fiscal year.

Southern Copper Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Itau BBA Securities raised shares of Southern Copper from an "underperform" rating to a "market perform" rating in a report on Wednesday, June 11th. UBS Group cut shares of Southern Copper from a "buy" rating to a "neutral" rating and set a $105.00 target price on the stock. in a report on Tuesday, July 1st. Hsbc Global Res raised shares of Southern Copper from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 24th. Scotiabank boosted their price objective on shares of Southern Copper from $52.00 to $72.00 and gave the company a "sector underperform" rating in a research note on Monday, March 10th. Finally, Wall Street Zen cut shares of Southern Copper from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, Southern Copper presently has a consensus rating of "Hold" and an average target price of $91.60.

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.