XTX Topco Ltd Decreases Holdings in Southern Copper Co. (NYSE:SCCO)

XTX Topco Ltd reduced its position in shares of Southern Copper Co. (NYSE:SCCO - Free Report) by 84.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,420 shares of the basic materials company's stock after selling 23,678 shares during the quarter. XTX Topco Ltd's holdings in Southern Copper were worth $403,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SCCO. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Southern Copper during the 4th quarter valued at approximately $30,000. Deseret Mutual Benefit Administrators lifted its position in Southern Copper by 210.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 379 shares of the basic materials company's stock worth $35,000 after buying an additional 257 shares during the last quarter. IFP Advisors Inc lifted its position in Southern Copper by 143.4% in the fourth quarter. IFP Advisors Inc now owns 477 shares of the basic materials company's stock worth $43,000 after buying an additional 281 shares during the last quarter. Spire Wealth Management bought a new stake in Southern Copper in the fourth quarter worth $47,000. Finally, Larson Financial Group LLC lifted 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 worth $48,000 after buying an additional 114 shares during the last quarter. 7.94% of the stock is currently owned by institutional investors.

Southern Copper Stock Down 0.5 %

SCCO traded down $0.50 on Monday, hitting $93.78. The company had a trading volume of 1,057,520 shares, compared to its average volume of 1,215,611. The stock has a market capitalization of $74.67 billion, a price-to-earnings ratio of 21.71, 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 stock has a fifty day moving average price of $90.67 and a 200-day moving average price of $96.94. Southern Copper Co. has a 12-month low of $74.84 and a 12-month high of $127.34.

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 analysts' consensus estimates of $1.05 by $0.14. Southern Copper had a net margin of 29.53% and a return on equity of 40.27%. The firm had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.05 billion. Analysts predict that Southern Copper Co. will post 4.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SCCO. 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 research report on Monday, April 14th. StockNews.com downgraded Southern Copper from a "buy" rating to a "hold" rating in a research report on Monday. Scotiabank lifted their target price on Southern Copper from $52.00 to $72.00 and gave the stock a "sector underperform" rating in a research report on Monday, March 10th. UBS Group decreased their target price on Southern Copper from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Finally, Hsbc Global Res upgraded Southern Copper from a "moderate sell" rating to a "hold" rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus 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.