Vise Technologies Inc. Purchases 3,852 Shares of Southern Copper Co. (NYSE:SCCO)

Vise Technologies Inc. increased its holdings in Southern Copper Co. (NYSE:SCCO - Free Report) by 160.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Larson Financial Group LLC lifted its holdings in shares of Southern Copper by 28.0% during the fourth quarter. Larson Financial Group LLC now owns 521 shares of the basic materials company's stock valued at $48,000 after purchasing an additional 114 shares during the last quarter. Cadence Wealth Management LLC lifted its holdings in shares of Southern Copper by 4.1% during the fourth quarter. Cadence Wealth Management LLC now owns 2,919 shares of the basic materials company's stock valued at $266,000 after purchasing an additional 116 shares during the last quarter. Tyche Wealth Partners LLC lifted its holdings in shares of Southern Copper by 0.6% during the fourth quarter. Tyche Wealth Partners LLC now owns 19,807 shares of the basic materials company's stock valued at $1,805,000 after purchasing an additional 122 shares during the last quarter. Yousif Capital Management LLC lifted its holdings in shares of Southern Copper by 0.9% during the fourth quarter. Yousif Capital Management LLC now owns 14,390 shares of the basic materials company's stock valued at $1,311,000 after purchasing an additional 122 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in Southern Copper by 1.7% in the 4th quarter. Signaturefd LLC now owns 8,043 shares of the basic materials company's stock worth $733,000 after acquiring an additional 133 shares during the last quarter. 7.94% of the stock is owned by institutional investors.

Southern Copper Price Performance

Southern Copper stock traded down $2.37 during mid-day trading on Friday, hitting $90.02. The stock had a trading volume of 217,447 shares, compared to its average volume of 1,189,758. The firm has a market capitalization of $71.67 billion, a P/E ratio of 20.94, a P/E/G ratio of 1.90 and a beta of 1.05. 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 firm's 50 day moving average is $89.66 and its 200 day moving average is $93.78. Southern Copper Co. has a one year low of $74.11 and a one year high of $118.64.

Southern Copper (NYSE:SCCO - Get Free Report) last issued its earnings results on Friday, April 25th. The basic materials company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.14. The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.05 billion. Southern Copper had a net margin of 29.53% and a return on equity of 40.27%. On average, sell-side analysts forecast that Southern Copper Co. will post 4.66 earnings per share for the current fiscal year.

Southern Copper Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, May 19th. Shareholders 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 payout ratio is currently 61.27%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Scotiabank boosted their price objective 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. JPMorgan Chase & Co. cut their target price on shares of Southern Copper from $84.00 to $83.50 and set a "neutral" rating for the company in a research report on Monday, April 14th. 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 report on Tuesday, April 15th. Wall Street Zen downgraded shares of Southern Copper from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Finally, Hsbc Global Res raised shares of Southern Copper from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $91.50.

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.