Southern Copper Co. (NYSE:SCCO) Stock Holdings Cut by First Trust Advisors LP

First Trust Advisors LP cut its stake in Southern Copper Co. (NYSE:SCCO - Free Report) by 15.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,574 shares of the basic materials company's stock after selling 17,230 shares during the quarter. First Trust Advisors LP's holdings in Southern Copper were worth $8,527,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC grew its position in Southern Copper by 28.0% in the fourth quarter. Larson Financial Group LLC now owns 521 shares of the basic materials company's stock valued at $48,000 after acquiring an additional 114 shares in the last quarter. Cadence Wealth Management LLC boosted its holdings in Southern Copper by 4.1% in 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 boosted its holdings in Southern Copper by 0.6% in 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 grew its stake in Southern Copper by 0.9% during the 4th 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 in the last quarter. Finally, Signaturefd LLC increased its holdings in Southern Copper by 1.7% during the 4th quarter. Signaturefd LLC now owns 8,043 shares of the basic materials company's stock worth $733,000 after purchasing an additional 133 shares during the last quarter. Institutional investors and hedge funds own 7.94% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on SCCO. Hsbc Global Res upgraded Southern Copper from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 24th. StockNews.com downgraded shares of Southern Copper from a "buy" rating to a "hold" rating in a research report on Monday. UBS Group reduced their price target on shares of Southern Copper from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. JPMorgan Chase & Co. lowered 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. Finally, Scotiabank increased their target price on Southern Copper from $52.00 to $72.00 and gave the stock a "sector underperform" rating in a report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $91.50.

Southern Copper Stock Performance

Shares of Southern Copper stock traded up $0.30 on Thursday, reaching $89.82. 1,193,071 shares of the company were exchanged, compared to its average volume of 1,209,099. Southern Copper Co. has a 1-year low of $74.84 and a 1-year high of $127.34. The firm has a market cap of $71.51 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 1.90 and a beta of 1.04. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77. The company's 50-day moving average is $90.51 and its two-hundred day moving average is $96.86.

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

Southern Copper Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, May 19th. Investors of record on Monday, May 5th will be issued a $0.70 dividend. This represents a yield of 2.98%. The ex-dividend date is Friday, May 2nd. Southern Copper's 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.