Vident Advisory LLC Has $790,000 Stock Holdings in Southern Copper Co. (NYSE:SCCO)

Vident Advisory LLC reduced its holdings in Southern Copper Co. (NYSE:SCCO - Free Report) by 24.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,669 shares of the basic materials company's stock after selling 2,836 shares during the quarter. Vident Advisory LLC's holdings in Southern Copper were worth $790,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Two Sigma Advisers LP increased its holdings 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 acquiring an additional 130,132 shares in the last quarter. Two Sigma Investments LP increased its holdings 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 acquiring an additional 72,259 shares in the last quarter. Temasek Holdings Private Ltd increased its holdings 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 acquiring an additional 25,799 shares in the last quarter. State of Wyoming increased its holdings in shares of Southern Copper by 326.7% in the fourth quarter. State of Wyoming now owns 4,011 shares of the basic materials company's stock worth $366,000 after acquiring an additional 3,071 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC increased its holdings in shares of Southern Copper by 105.4% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 6,566 shares of the basic materials company's stock worth $598,000 after acquiring an additional 3,370 shares in the last quarter. 7.94% of the stock is currently owned by institutional investors.

Southern Copper Stock Down 2.1%

Shares of NYSE:SCCO traded down $1.92 during mid-day trading on Friday, reaching $90.47. 184,623 shares of the stock were exchanged, compared to its average volume of 1,189,557. The stock's 50 day simple moving average is $89.66 and its 200-day simple moving average is $93.78. Southern Copper Co. has a one year low of $74.11 and a one year high of $118.64. 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 company has a market cap of $72.03 billion, a P/E ratio of 20.94, a P/E/G ratio of 1.90 and a beta of 1.05.

Southern Copper (NYSE:SCCO - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The basic materials company reported $1.19 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $3.05 billion. As a group, equities research analysts predict that Southern Copper Co. will post 4.66 EPS for the current year.

Southern Copper Announces Dividend

The business also recently declared a dividend, which was paid on Monday, May 19th. Investors 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 yield of 2.98%. Southern Copper's dividend payout ratio (DPR) is presently 61.27%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SCCO shares. UBS Group lowered their price target on Southern Copper from $120.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. JPMorgan Chase & Co. decreased their price objective on Southern Copper from $84.00 to $83.50 and set a "neutral" rating for the company in a report on Monday, April 14th. Wall Street Zen downgraded Southern Copper from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th. Scotiabank increased their price objective on Southern Copper from $52.00 to $72.00 and gave the stock a "sector underperform" rating in a report on Monday, March 10th. Finally, Hsbc Global Res upgraded Southern Copper from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Southern Copper currently has an average rating of "Hold" and an average price target of $91.50.

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.