Southern Copper Co. (NYSE:SCCO) Position Lessened by Valley Brook Capital Group Inc.

Valley Brook Capital Group Inc. decreased its position in shares of Southern Copper Co. (NYSE:SCCO) by 5.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,747 shares of the basic materials company’s stock after selling 152 shares during the period. Valley Brook Capital Group Inc.’s holdings in Southern Copper were worth $318,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fidelis Capital Partners LLC bought a new stake in Southern Copper in the first quarter worth $26,000. Duality Advisers LP acquired a new position in shares of Southern Copper during the 1st quarter valued at about $2,395,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Southern Copper by 11.6% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 35,903 shares of the basic materials company’s stock valued at $3,824,000 after acquiring an additional 3,725 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in Southern Copper by 157.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 22,175 shares of the basic materials company’s stock worth $2,362,000 after purchasing an additional 13,550 shares during the last quarter. Finally, Capital Wealth Planning LLC bought a new stake in Southern Copper during the first quarter worth approximately $1,585,000. Hedge funds and other institutional investors own 7.94% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SCCO shares. UBS Group began coverage on shares of Southern Copper in a report on Friday, July 12th. They set a “neutral” rating and a $120.00 price objective for the company. Scotiabank cut their price objective on Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating for the company in a research report on Tuesday, October 15th. Morgan Stanley raised their target price on Southern Copper from $97.00 to $100.00 and gave the company an “underweight” rating in a report on Thursday, September 19th. Finally, Citigroup upped their price target on Southern Copper from $99.44 to $100.00 and gave the stock a “sell” rating in a report on Wednesday, October 2nd. Six investment analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $90.63.

Southern Copper Price Performance

Shares of SCCO stock traded up $4.47 during trading hours on Thursday, hitting $113.97. 121,871 shares of the company’s stock were exchanged, compared to its average volume of 1,146,673. Southern Copper Co. has a 52 week low of $68.93 and a 52 week high of $129.79. The stock has a market cap of $89.03 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 1.14 and a beta of 1.18. 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 stock’s 50-day moving average is $108.91 and its 200-day moving average is $109.99.

Southern Copper Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 6th will be issued a dividend of $0.62 per share. This represents a yield of 2.1%. The ex-dividend date is Wednesday, November 6th. Southern Copper’s dividend payout ratio is currently 72.16%.

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.