Southern Copper Co. (NYSE:SCCO) Shares Acquired by Marshall Financial Group LLC

Marshall Financial Group LLC increased its stake in shares of Southern Copper Co. (NYSE:SCCO) by 1.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 21,399 shares of the basic materials company’s stock after purchasing an additional 202 shares during the period. Marshall Financial Group LLC’s holdings in Southern Copper were worth $1,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. M&T Bank Corp lifted its holdings in Southern Copper by 0.5% in the third quarter. M&T Bank Corp now owns 20,460 shares of the basic materials company’s stock valued at $2,367,000 after acquiring an additional 105 shares during the period. Ensign Peak Advisors Inc increased its holdings in Southern Copper by 1.0% during the 2nd quarter. Ensign Peak Advisors Inc now owns 10,558 shares of the basic materials company’s stock valued at $1,138,000 after acquiring an additional 108 shares in the last quarter. Tyche Wealth Partners LLC lifted its holdings in shares of Southern Copper by 0.6% in the third quarter. Tyche Wealth Partners LLC now owns 19,685 shares of the basic materials company’s stock valued at $2,277,000 after purchasing an additional 109 shares in the last quarter. Greenwood Capital Associates LLC grew its position in shares of Southern Copper by 0.7% in the third quarter. Greenwood Capital Associates LLC now owns 15,722 shares of the basic materials company’s stock valued at $1,819,000 after purchasing an additional 112 shares during the last quarter. Finally, Inspire Advisors LLC increased its stake in shares of Southern Copper by 3.9% during the 3rd quarter. Inspire Advisors LLC now owns 3,001 shares of the basic materials company’s stock worth $347,000 after purchasing an additional 113 shares in the last quarter. 7.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SCCO shares. Morgan Stanley raised Southern Copper from an “underweight” rating to an “equal weight” rating and reduced their target price for the company from $106.30 to $102.00 in a research note on Thursday, December 12th. JPMorgan Chase & Co. upgraded Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 price objective for the company in a research report on Monday, December 2nd. Citigroup upped their target price on shares of Southern Copper from $99.44 to $100.00 and gave the company a “sell” rating in a report on Wednesday, October 2nd. Finally, Scotiabank lowered their price target on shares of Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating for the company in a report on Tuesday, October 15th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $94.81.

Southern Copper Trading Down 0.7 %

NYSE SCCO opened at $96.52 on Friday. The company has a market cap of $75.82 billion, a P/E ratio of 24.85, a P/E/G ratio of 1.92 and a beta of 1.14. Southern Copper Co. has a 12 month low of $77.42 and a 12 month high of $129.79. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.77 and a quick ratio of 2.31. The company has a 50-day moving average of $97.37 and a 200-day moving average of $103.61.

Southern Copper Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Tuesday, February 11th will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, February 10th. This represents a $2.80 dividend on an annualized basis and a yield of 2.90%. This is an increase from Southern Copper’s previous quarterly dividend of $0.60. Southern Copper’s dividend payout ratio (DPR) is currently 72.16%.

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.