Fisher Asset Management LLC Has $342.80 Million Holdings in Southern Copper Co. (NYSE:SCCO)

Fisher Asset Management LLC lifted its position in Southern Copper Co. (NYSE:SCCO) by 10.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,963,572 shares of the basic materials company’s stock after buying an additional 283,562 shares during the quarter. Fisher Asset Management LLC owned about 0.38% of Southern Copper worth $342,796,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SCCO. Creative Financial Designs Inc. ADV increased its stake in shares of Southern Copper by 172.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 223 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 141 shares during the last quarter. McClarren Financial Advisors Inc. grew its holdings in Southern Copper by 169.2% during the third quarter. McClarren Financial Advisors Inc. now owns 288 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 181 shares during the period. Itau Unibanco Holding S.A. acquired a new position in Southern Copper during the second quarter worth approximately $31,000. Oakworth Capital Inc. bought a new stake in Southern Copper in the third quarter valued at approximately $42,000. Finally, Larson Financial Group LLC lifted its position in shares of Southern Copper by 578.3% in the third quarter. Larson Financial Group LLC now owns 407 shares of the basic materials company’s stock valued at $47,000 after buying an additional 347 shares during the last quarter. 7.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Morgan Stanley boosted their target price on Southern Copper from $97.00 to $100.00 and gave the stock an “underweight” rating in a report on Thursday, September 19th. Scotiabank dropped their price objective on shares of Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating on the stock in a research report on Tuesday, October 15th. Finally, Citigroup lifted their target price on shares of Southern Copper from $99.44 to $100.00 and gave the stock a “sell” rating in a report on Wednesday, October 2nd. Six analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $90.63.

Southern Copper Price Performance

NYSE:SCCO opened at $99.74 on Monday. 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 firm has a market cap of $78.35 billion, a price-to-earnings ratio of 25.68, a P/E/G ratio of 1.03 and a beta of 1.18. Southern Copper Co. has a 52 week low of $70.63 and a 52 week high of $129.79. The firm’s 50-day simple moving average is $110.24 and its 200 day simple moving average is $109.01.

Southern Copper Announces Dividend

The firm also recently declared a — dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 6th were given a $0.62 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a dividend yield of 2.1%. Southern Copper’s payout ratio is 72.09%.

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.