Schonfeld Strategic Advisors LLC Has $5.09 Million Position in Southern Copper Co. (NYSE:SCCO)

Schonfeld Strategic Advisors LLC raised its position in shares of Southern Copper Co. (NYSE:SCCO - Free Report) by 15.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,800 shares of the basic materials company's stock after acquiring an additional 7,574 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Southern Copper were worth $5,085,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Southern Copper in the 4th quarter worth $30,000. Deseret Mutual Benefit Administrators lifted its stake in Southern Copper by 210.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 379 shares of the basic materials company's stock worth $35,000 after purchasing an additional 257 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Southern Copper by 143.4% during the fourth quarter. IFP Advisors Inc now owns 477 shares of the basic materials company's stock worth $43,000 after acquiring an additional 281 shares in the last quarter. Spire Wealth Management purchased a new stake in shares of Southern Copper in the 4th quarter valued at $47,000. Finally, Larson Financial Group LLC grew its holdings in shares of Southern Copper by 28.0% during the 4th 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. 7.94% of the stock is owned by institutional investors.

Southern Copper Trading Up 1.4 %

Shares of SCCO traded up $1.23 during trading hours on Thursday, hitting $88.69. The stock had a trading volume of 277,787 shares, compared to its average volume of 1,210,693. The firm has a market cap of $70.62 billion, a P/E ratio of 20.53, a P/E/G ratio of 1.90 and a beta of 1.05. 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 fifty day simple moving average is $90.27 and its 200 day simple moving average is $96.03. Southern Copper Co. has a 12-month low of $74.11 and a 12-month high of $126.09.

Southern Copper (NYSE:SCCO - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The basic materials company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.05 by $0.14. The firm 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%. Equities research analysts forecast that Southern Copper Co. will post 4.66 EPS for the current fiscal year.

Southern Copper Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, May 19th. Shareholders of record on Monday, May 5th will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, May 2nd. This represents a yield of 2.98%. Southern Copper's dividend payout ratio (DPR) is presently 61.27%.

Analyst Upgrades and Downgrades

SCCO has been the subject of a number of recent research reports. Scotiabank boosted their target price on Southern Copper from $52.00 to $72.00 and gave the company a "sector underperform" rating in a research note on Monday, March 10th. Hsbc Global Res raised shares of Southern Copper from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. cut their target price on Southern Copper from $84.00 to $83.50 and set a "neutral" rating on the stock in a research note on Monday, April 14th. StockNews.com downgraded Southern Copper from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Finally, UBS Group dropped their target price on Southern Copper from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price 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.