RoundAngle Advisors LLC Buys Shares of 13,169 Southern Copper Co. (NYSE:SCCO)

RoundAngle Advisors LLC acquired a new stake in Southern Copper Co. (NYSE:SCCO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 13,169 shares of the basic materials company’s stock, valued at approximately $1,200,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCCO. Creative Financial Designs Inc. ADV grew its holdings in Southern Copper by 172.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 223 shares of the basic materials company’s stock valued at $26,000 after buying an additional 141 shares during the last quarter. McClarren Financial Advisors Inc. increased its holdings in Southern Copper by 169.2% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 288 shares of the basic materials company’s stock valued at $33,000 after buying an additional 181 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of Southern Copper during the 2nd quarter valued at about $31,000. Oakworth Capital Inc. acquired a new stake in Southern Copper during the third quarter valued at approximately $42,000. Finally, Larson Financial Group LLC grew its position in Southern Copper by 578.3% in the third quarter. Larson Financial Group LLC now owns 407 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 347 shares during the period. 7.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Southern Copper Stock Performance

Shares of NYSE:SCCO opened at $98.10 on Monday. The stock has a market capitalization of $77.06 billion, a P/E ratio of 25.25, a P/E/G ratio of 1.49 and a beta of 1.14. The company has a current ratio of 2.77, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. Southern Copper Co. has a 1-year low of $77.42 and a 1-year high of $129.79. The business has a 50-day moving average price of $97.79 and a two-hundred day moving average price of $104.19.

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.