Southern Copper Co. (NYSE:SCCO) Shares Acquired by Schroder Investment Management Group

Schroder Investment Management Group grew its stake in Southern Copper Co. (NYSE:SCCO) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 328,456 shares of the basic materials company’s stock after purchasing an additional 2,345 shares during the period. Schroder Investment Management Group’s holdings in Southern Copper were worth $29,932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. M&T Bank Corp grew its holdings in Southern Copper by 0.5% in the 3rd quarter. M&T Bank Corp now owns 20,460 shares of the basic materials company’s stock valued at $2,367,000 after buying an additional 105 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Southern Copper by 28.0% in the fourth quarter. Larson Financial Group LLC now owns 521 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 114 shares during the period. Cadence Wealth Management LLC increased its position in Southern Copper by 4.1% during the fourth quarter. Cadence Wealth Management LLC now owns 2,919 shares of the basic materials company’s stock worth $266,000 after purchasing an additional 116 shares during the last quarter. Tyche Wealth Partners LLC raised its stake in Southern Copper by 0.6% during the fourth quarter. Tyche Wealth Partners LLC now owns 19,807 shares of the basic materials company’s stock worth $1,805,000 after purchasing an additional 122 shares during the period. Finally, Yousif Capital Management LLC boosted its holdings in Southern Copper by 0.9% in the 4th quarter. Yousif Capital Management LLC now owns 14,390 shares of the basic materials company’s stock valued at $1,311,000 after purchasing an additional 122 shares during the last quarter. Institutional investors and hedge funds own 7.94% of the company’s stock.

Southern Copper Trading Up 0.5 %

SCCO opened at $93.97 on Wednesday. The company has a quick ratio of 2.31, a current ratio of 2.77 and a debt-to-equity ratio of 0.64. The firm has a market cap of $74.82 billion, a P/E ratio of 21.75, a P/E/G ratio of 1.90 and a beta of 1.12. Southern Copper Co. has a 52 week low of $84.33 and a 52 week high of $127.34. The business has a fifty day simple moving average of $94.22 and a 200-day simple moving average of $100.65.

Southern Copper (NYSE:SCCO) last announced its earnings results on Wednesday, February 12th. The basic materials company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.01). Southern Copper had a net margin of 29.53% and a return on equity of 40.27%. On average, equities analysts expect that Southern Copper Co. will post 4.66 earnings per share for the current year.

Southern Copper Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Tuesday, February 11th were paid a dividend of $0.70 per share. This is an increase from Southern Copper’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend was Tuesday, February 11th. Southern Copper’s dividend payout ratio is presently 64.81%.

Analyst Ratings Changes

SCCO has been the topic of several analyst reports. UBS Group raised shares of Southern Copper from a “neutral” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Thursday, March 13th. Scotiabank upped their price target on Southern Copper from $52.00 to $72.00 and gave the company a “sector underperform” rating in a research note on Monday, March 10th. Finally, Morgan Stanley raised Southern Copper from an “underweight” rating to an “equal weight” rating and cut their price objective for the stock from $106.30 to $102.00 in a research report on Thursday, December 12th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $94.42.

About Southern Copper

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.