Southern Copper Co. (NYSE:SCCO) Stock Holdings Lifted by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its position in shares of Southern Copper Co. (NYSE:SCCO - Free Report) by 974.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,633 shares of the basic materials company's stock after purchasing an additional 3,295 shares during the quarter. Tower Research Capital LLC TRC's holdings in Southern Copper were worth $331,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of SCCO. Whittier Trust Co. of Nevada Inc. acquired a new stake in Southern Copper during the fourth quarter worth approximately $30,000. Deseret Mutual Benefit Administrators lifted its stake in shares of Southern Copper by 210.7% during the 4th 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 period. IFP Advisors Inc boosted its holdings 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 purchasing an additional 281 shares during the last quarter. Spire Wealth Management purchased a new stake in shares of Southern Copper in the fourth quarter valued at $47,000. Finally, Larson Financial Group LLC increased 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 valued at $48,000 after purchasing an additional 114 shares during the last quarter. 7.94% of the stock is currently owned by hedge funds and other institutional investors.

Southern Copper Stock Down 2.6 %

Shares of SCCO stock traded down $2.34 on Wednesday, hitting $88.18. The stock had a trading volume of 144,265 shares, compared to its average volume of 1,209,010. Southern Copper Co. has a 52-week low of $74.11 and a 52-week high of $126.09. The firm has a market capitalization of $70.21 billion, a price-to-earnings ratio of 20.41, 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 stock's 50 day moving average is $90.30 and its 200-day moving average is $96.09.

Southern Copper (NYSE:SCCO - Get Free Report) last issued its quarterly earnings results 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 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 year.

Southern Copper Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, May 19th. Stockholders of record on Monday, May 5th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a dividend yield of 2.98%. Southern Copper's payout ratio is 61.27%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. StockNews.com cut Southern Copper from a "buy" rating to a "hold" rating in a report on Monday, April 28th. JPMorgan Chase & Co. dropped their price target 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 decreased their price target on shares of Southern Copper from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Hsbc Global Res raised Southern Copper from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, Scotiabank boosted their price target on Southern Copper from $52.00 to $72.00 and gave the company 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 issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target 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.