Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in Southern Copper Co. (NYSE:SCCO)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Southern Copper Co. (NYSE:SCCO) by 0.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,376 shares of the basic materials company’s stock after acquiring an additional 319 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Southern Copper were worth $6,637,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SCCO. Creative Financial Designs Inc. ADV raised its position in shares of Southern Copper by 172.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 223 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 141 shares during the period. McClarren Financial Advisors Inc. grew its position in shares of Southern Copper by 169.2% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 288 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 181 shares during the period. Itau Unibanco Holding S.A. purchased a new position in shares of Southern Copper in the 2nd quarter valued at about $31,000. Oakworth Capital Inc. acquired a new position in Southern Copper in the 3rd quarter worth about $42,000. Finally, Larson Financial Group LLC boosted its position in Southern Copper by 578.3% during the third quarter. Larson Financial Group LLC now owns 407 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 347 shares in the last quarter. 7.94% of the stock is owned by institutional investors and hedge funds.

Southern Copper Stock Up 0.6 %

NYSE SCCO opened at $100.35 on Monday. The company has a quick ratio of 2.31, a current ratio of 2.77 and a debt-to-equity ratio of 0.64. Southern Copper Co. has a 52 week low of $70.92 and a 52 week high of $129.79. The business’s fifty day simple moving average is $110.08 and its 200-day simple moving average is $108.28. The firm has a market cap of $78.83 billion, a PE ratio of 25.86, a P/E/G ratio of 1.55 and a beta of 1.18.

Southern Copper Announces Dividend

The company also recently announced a — dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 6th were issued a $0.62 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a yield of 2.1%. Southern Copper’s payout ratio is 72.16%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SCCO shares. Morgan Stanley boosted their price target on shares of Southern Copper from $97.00 to $100.00 and gave the stock an “underweight” rating in a report on Thursday, September 19th. Citigroup boosted their target price on shares of Southern Copper from $99.44 to $100.00 and gave the stock a “sell” rating in a research note on Wednesday, October 2nd. Finally, Scotiabank reduced their price target on shares of 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. Six investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $90.63.

Southern Copper 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.