Creative Financial Designs Inc. ADV Increases Position in Southern Copper Co. (NYSE:SCCO)

Creative Financial Designs Inc. ADV grew its stake in Southern Copper Co. (NYSE:SCCO) by 199.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 667 shares of the basic materials company’s stock after acquiring an additional 444 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Southern Copper were worth $61,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Deseret Mutual Benefit Administrators increased its holdings in shares of Southern Copper by 210.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 379 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 257 shares during the period. IFP Advisors Inc increased its holdings in shares of Southern Copper by 143.4% in the 4th quarter. IFP Advisors Inc now owns 477 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 281 shares during the period. Prospera Private Wealth LLC purchased a new position in shares of Southern Copper in the 3rd quarter valued at $47,000. Larson Financial Group LLC boosted its position in shares of Southern Copper by 578.3% in the 3rd 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. Finally, Spire Wealth Management acquired a new stake in shares of Southern Copper in the 4th quarter worth $47,000. 7.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SCCO. UBS Group raised Southern Copper from a “neutral” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Thursday, March 13th. Morgan Stanley raised Southern Copper from an “underweight” rating to an “equal weight” rating and lowered their price objective for the stock from $106.30 to $102.00 in a research report on Thursday, December 12th. JPMorgan Chase & Co. raised Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 price objective for the company in a research report on Monday, December 2nd. Finally, Scotiabank raised their price objective on Southern Copper from $52.00 to $72.00 and gave the stock a “sector underperform” rating in a research report on Monday, March 10th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $97.31.

Southern Copper Stock Performance

Shares of SCCO opened at $99.28 on Friday. The stock has a 50-day moving average of $94.14 and a two-hundred day moving average of $100.57. Southern Copper Co. has a one year low of $84.33 and a one year high of $127.34. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77. The stock has a market cap of $79.05 billion, a P/E ratio of 22.98, a P/E/G ratio of 1.90 and a beta of 1.12.

Southern Copper (NYSE:SCCO) last issued its quarterly 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 return on equity of 40.27% and a net margin of 29.53%. As a group, research analysts predict that Southern Copper Co. will post 4.66 EPS for the current year.

Southern Copper Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Tuesday, February 11th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend was Tuesday, February 11th. This is a boost from Southern Copper’s previous quarterly dividend of $0.60. Southern Copper’s payout ratio is 64.81%.

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.