Southern Copper Co. (NYSE:SCCO) Holdings Lifted by Quantbot Technologies LP

Quantbot Technologies LP grew its holdings in shares of Southern Copper Co. (NYSE:SCCO) by 13.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,584 shares of the basic materials company’s stock after buying an additional 14,165 shares during the period. Southern Copper accounts for about 0.5% of Quantbot Technologies LP’s investment portfolio, making the stock its 11th biggest holding. Quantbot Technologies LP’s holdings in Southern Copper were worth $13,601,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Toronto Dominion Bank lifted its position in Southern Copper by 15.2% in the first quarter. Toronto Dominion Bank now owns 5,145 shares of the basic materials company’s stock worth $542,000 after purchasing an additional 679 shares during the period. SVB Wealth LLC acquired a new stake in shares of Southern Copper in the first quarter valued at $282,000. Silvercrest Asset Management Group LLC bought a new position in Southern Copper during the first quarter valued at about $202,000. California State Teachers Retirement System boosted its stake in Southern Copper by 21.6% during the first quarter. California State Teachers Retirement System now owns 122,280 shares of the basic materials company’s stock valued at $13,025,000 after buying an additional 21,755 shares in the last quarter. Finally, Comerica Bank grew its holdings in Southern Copper by 4.3% during the first quarter. Comerica Bank now owns 17,694 shares of the basic materials company’s stock worth $1,885,000 after acquiring an additional 735 shares during the period. 7.94% of the stock is currently owned by institutional investors and hedge funds.

Southern Copper Trading Up 2.3 %

NYSE SCCO opened at $102.01 on Tuesday. The firm’s 50 day moving average price is $110.29 and its two-hundred day moving average price is $108.90. The stock has a market cap of $80.13 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 1.03 and a beta of 1.18. Southern Copper Co. has a twelve month low of $70.63 and a twelve month high of $129.79. 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 Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SCCO. Scotiabank lowered 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 note on Tuesday, October 15th. Morgan Stanley lifted their price target on shares of Southern Copper from $97.00 to $100.00 and gave the stock an “underweight” rating in a research report on Thursday, September 19th. Finally, Citigroup increased their price objective on Southern Copper from $99.44 to $100.00 and gave the company a “sell” rating in a research 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Southern Copper has a consensus rating of “Hold” and an average price target 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.