Southern Copper Co. (NYSE:SCCO) Director Bonilla Luis Miguel Palomino Sells 101 Shares of Stock

Southern Copper Co. (NYSE:SCCO) Director Bonilla Luis Miguel Palomino sold 101 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $103.68, for a total transaction of $10,471.68. Following the completion of the sale, the director now owns 2,513 shares in the company, valued at $260,547.84. This represents a 3.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bonilla Luis Miguel Palomino also recently made the following trade(s):

• On Thursday, September 26th, Bonilla Luis Miguel Palomino sold 100 shares of Southern Copper stock. The shares were sold at an average price of $119.50, for a total transaction of $11,950.00.
• On Tuesday, September 17th, Bonilla Luis Miguel Palomino sold 100 shares of Southern Copper stock. The stock was sold at an average price of $100.00, for a total transaction of $10,000.00.
• On Monday, August 26th, Bonilla Luis Miguel Palomino sold 100 shares of Southern Copper stock. The shares were sold at an average price of $105.13, for a total transaction of $10,513.00.

Southern Copper Stock Down 0.8 %

NYSE:SCCO opened at $102.98 on Thursday. The stock has a 50-day simple moving average of $110.17 and a 200 day simple moving average of $109.27. Southern Copper Co. has a one year low of $70.63 and a one year high of $129.79. The company has a market capitalization of $80.89 billion, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 1.07 and a beta of 1.18. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77.

Southern Copper Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Thursday, November 21st. Stockholders of record on Wednesday, November 6th will be given a dividend of $0.62 per share. The ex-dividend date is Wednesday, November 6th. This represents a dividend yield of 2.1%. Southern Copper’s dividend payout ratio (DPR) is presently 72.09%.

Hedge Funds Weigh In On Southern Copper

A number of hedge funds have recently modified their holdings of the stock. Coldstream Capital Management Inc. bought a new stake in shares of Southern Copper in the 3rd quarter valued at approximately $202,000. Geode Capital Management LLC raised its stake in shares of Southern Copper by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 613,286 shares of the basic materials company’s stock valued at $70,437,000 after purchasing an additional 20,204 shares during the period. M&T Bank Corp increased its position in shares of 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 last quarter. Public Employees Retirement System of Ohio acquired a new stake in Southern Copper in the 3rd quarter valued at about $7,735,000. Finally, Orion Portfolio Solutions LLC lifted its stake in shares of Southern Copper by 2.7% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,751 shares of the basic materials company’s stock worth $1,938,000 after buying an additional 441 shares during the last quarter. 7.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SCCO has been the subject of several recent analyst reports. Citigroup boosted their price target on Southern Copper from $99.44 to $100.00 and gave the stock a “sell” rating in a research note on Wednesday, October 2nd. Morgan Stanley lifted their price objective on shares of Southern Copper from $97.00 to $100.00 and gave the company an “underweight” rating in a report on Thursday, September 19th. Finally, Scotiabank cut their price target on shares of Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating on the stock in a report on Tuesday, October 15th. Six research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $90.63.

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.