Southern Copper Co. (NYSE:SCCO) Shares Purchased by Mariner LLC

Mariner LLC lifted its holdings in Southern Copper Co. (NYSE:SCCO - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,210 shares of the basic materials company's stock after acquiring an additional 3,151 shares during the period. Mariner LLC's holdings in Southern Copper were worth $3,847,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Larson Financial Group LLC lifted its stake 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 worth $48,000 after purchasing an additional 114 shares during the last quarter. Cadence Wealth Management LLC lifted its stake in shares of Southern Copper by 4.1% during the 4th quarter. Cadence Wealth Management LLC now owns 2,919 shares of the basic materials company's stock worth $266,000 after acquiring an additional 116 shares during the last quarter. Tyche Wealth Partners LLC boosted its holdings in Southern Copper by 0.6% during the 4th quarter. Tyche Wealth Partners LLC now owns 19,807 shares of the basic materials company's stock valued at $1,805,000 after acquiring an additional 122 shares during the period. Yousif Capital Management LLC grew its position in Southern Copper by 0.9% in 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 acquiring an additional 122 shares during the last quarter. Finally, Signaturefd LLC increased its stake in Southern Copper by 1.7% in the fourth 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 period. Hedge funds and other institutional investors own 7.94% of the company's stock.

Southern Copper Stock Down 1.7 %

Shares of NYSE:SCCO traded down $1.65 on Friday, reaching $94.18. The company had a trading volume of 1,610,023 shares, compared to its average volume of 1,220,726. The firm has a market capitalization of $74.98 billion, a PE ratio of 21.80, a PEG ratio of 1.90 and a beta of 1.04. 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 Co. has a 52-week low of $74.84 and a 52-week high of $127.34. The firm's 50 day simple moving average is $90.73 and its 200-day simple moving average is $97.36.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SCCO. UBS Group lowered 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. Hsbc Global Res raised shares of Southern Copper from a "moderate sell" rating to a "hold" rating in a research report on Thursday. Scotiabank raised their target price 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. Finally, JPMorgan Chase & Co. lowered their price target on Southern Copper from $84.00 to $83.50 and set a "neutral" rating for the company in a report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $91.50.

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.