Blue Square Asset Management LLC Has $3.54 Million Stake in Southern Copper Co. (NYSE:SCCO)

Blue Square Asset Management LLC increased its position in Southern Copper Co. (NYSE:SCCO) by 3.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 38,887 shares of the basic materials company’s stock after acquiring an additional 1,181 shares during the period. Southern Copper comprises 1.8% of Blue Square Asset Management LLC’s investment portfolio, making the stock its 19th biggest position. Blue Square Asset Management LLC’s holdings in Southern Copper were worth $3,544,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. acquired a new stake in shares of Southern Copper in the fourth quarter worth about $308,000. Inspire Investing LLC raised its stake in shares of Southern Copper by 12.7% in the 4th quarter. Inspire Investing LLC now owns 3,100 shares of the basic materials company’s stock valued at $282,000 after acquiring an additional 350 shares in the last quarter. Beacon Investment Advisory Services Inc. lifted its holdings in Southern Copper by 0.4% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 49,600 shares of the basic materials company’s stock worth $4,520,000 after purchasing an additional 196 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Southern Copper by 2.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 176,918 shares of the basic materials company’s stock worth $16,123,000 after purchasing an additional 3,499 shares during the period. Finally, SG Americas Securities LLC grew its holdings in Southern Copper by 1,322.7% during the fourth quarter. SG Americas Securities LLC now owns 99,606 shares of the basic materials company’s stock valued at $9,077,000 after purchasing an additional 92,605 shares during the last quarter. Institutional investors own 7.94% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Citigroup upped their price objective on shares of Southern Copper from $99.44 to $100.00 and gave the stock a “sell” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. upgraded shares of Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 price target for the company in a report on Monday, December 2nd. Morgan Stanley upgraded Southern Copper from an “underweight” rating to an “equal weight” rating and dropped their price objective for the stock from $106.30 to $102.00 in a research note on Thursday, December 12th. Finally, Scotiabank lowered their target price on 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 given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Southern Copper has an average rating of “Hold” and an average price target of $94.81.

Southern Copper Trading Down 0.7 %

Southern Copper stock opened at $96.52 on Friday. The business has a 50 day moving average price of $97.37 and a two-hundred day moving average price of $103.61. 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 12 month low of $77.42 and a 12 month high of $129.79. The stock has a market cap of $75.82 billion, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 1.92 and a beta of 1.14.

Southern Copper Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Tuesday, February 11th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.90%. This is a positive change from Southern Copper’s previous quarterly dividend of $0.60. The ex-dividend date is Monday, February 10th. Southern Copper’s dividend payout ratio is presently 72.16%.

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.