Vise Technologies Inc. Grows Stock Holdings in Southern Copper Co. (NYSE:SCCO)

Vise Technologies Inc. increased its holdings in shares of Southern Copper Co. (NYSE:SCCO - Free Report) by 160.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,258 shares of the basic materials company's stock after purchasing an additional 3,852 shares during the quarter. Vise Technologies Inc.'s holdings in Southern Copper were worth $570,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Southern Copper in the 4th quarter valued at about $30,000. Deseret Mutual Benefit Administrators grew its stake in Southern Copper by 210.7% in the fourth 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 in the last quarter. IFP Advisors Inc increased its position 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 worth $43,000 after purchasing an additional 281 shares during the last quarter. Spire Wealth Management bought a new stake in shares of Southern Copper during the 4th quarter worth approximately $47,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Southern Copper by 28.0% in the 4th quarter. Larson Financial Group LLC now owns 521 shares of the basic materials company's stock valued at $48,000 after buying an additional 114 shares during the last quarter. Institutional investors own 7.94% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SCCO shares. JPMorgan Chase & Co. lowered their target price 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. Wall Street Zen downgraded shares of Southern Copper from a "buy" rating to a "hold" rating in a research report 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. UBS Group cut their target price on shares of Southern Copper from $120.00 to $100.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Finally, Scotiabank lifted their price objective on shares of Southern Copper from $52.00 to $72.00 and gave the stock a "sector underperform" rating in a research report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $91.50.

Southern Copper Stock Up 0.8%

NYSE SCCO traded up $0.71 on Thursday, hitting $92.45. 1,051,058 shares of the company were exchanged, compared to its average volume of 1,193,088. Southern Copper Co. has a 12 month low of $74.11 and a 12 month high of $118.64. The company has a market cap of $73.61 billion, a PE ratio of 21.40, a PEG ratio of 1.90 and a beta of 1.05. The stock has a fifty day moving average of $89.80 and a 200-day moving average of $93.87. The company has a current ratio of 2.77, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64.

Southern Copper (NYSE:SCCO - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The basic materials company reported $1.19 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 40.27% and a net margin of 29.53%. As a group, analysts forecast that Southern Copper Co. will post 4.66 earnings per share for the current year.

Southern Copper Dividend Announcement

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