Venturi Wealth Management LLC Acquires 1,032 Shares of Southern Copper Co. (NYSE:SCCO)

Venturi Wealth Management LLC increased its holdings in Southern Copper Co. (NYSE:SCCO) by 34.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,060 shares of the basic materials company’s stock after purchasing an additional 1,032 shares during the quarter. Venturi Wealth Management LLC’s holdings in Southern Copper were worth $370,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SCCO. M&T Bank Corp raised its holdings in Southern Copper by 0.5% during the 3rd quarter. M&T Bank Corp now owns 20,460 shares of the basic materials company’s stock worth $2,367,000 after purchasing an additional 105 shares during the last quarter. Tyche Wealth Partners LLC raised its stake in Southern Copper by 0.6% during the third quarter. Tyche Wealth Partners LLC now owns 19,685 shares of the basic materials company’s stock worth $2,277,000 after buying an additional 109 shares during the last quarter. Greenwood Capital Associates LLC raised its stake in Southern Copper by 0.7% during the third quarter. Greenwood Capital Associates LLC now owns 15,722 shares of the basic materials company’s stock worth $1,819,000 after buying an additional 112 shares during the last quarter. Yousif Capital Management LLC lifted its holdings in Southern Copper by 0.9% in the fourth quarter. Yousif Capital Management LLC now owns 14,390 shares of the basic materials company’s stock valued at $1,311,000 after buying an additional 122 shares during the period. Finally, Financial Advocates Investment Management boosted its position in Southern Copper by 3.5% during the third quarter. Financial Advocates Investment Management now owns 3,808 shares of the basic materials company’s stock valued at $440,000 after acquiring an additional 127 shares during the last quarter. 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 company. JPMorgan Chase & Co. raised Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 price objective on the stock in a research note on Monday, December 2nd. Morgan Stanley raised Southern Copper from an “underweight” rating to an “equal weight” rating and dropped their price target for the company from $106.30 to $102.00 in a research note on Thursday, December 12th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Southern Copper currently has an average rating of “Hold” and a consensus price target of $94.81.

Southern Copper Stock Performance

Shares of Southern Copper stock opened at $97.68 on Friday. The business has a 50-day simple moving average of $94.76 and a 200 day simple moving average of $101.91. Southern Copper Co. has a one year low of $78.82 and a one year high of $129.79. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.77 and a quick ratio of 2.31. The firm has a market capitalization of $76.73 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.89 and a beta of 1.13.

Southern Copper (NYSE:SCCO) last released its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.01 EPS for the quarter, missing the consensus estimate 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, research analysts anticipate that Southern Copper Co. will post 4.66 earnings per share for the current fiscal year.

Southern Copper Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Tuesday, February 11th will be issued a dividend of $0.70 per share. This is an increase from Southern Copper’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.80 annualized dividend and a yield of 2.87%. Southern Copper’s dividend payout ratio is presently 64.81%.

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.