Level Four Advisory Services LLC Purchases Shares of 2,215 Southern Copper Co. (NYSE:SCCO)

Level Four Advisory Services LLC acquired a new position in shares of Southern Copper Co. (NYSE:SCCO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,215 shares of the basic materials company’s stock, valued at approximately $202,000.

A number of other hedge funds also recently made changes to their positions in SCCO. Whittier Trust Co. of Nevada Inc. bought a new position in Southern Copper during the 4th quarter worth approximately $30,000. Deseret Mutual Benefit Administrators increased its position in shares of Southern Copper by 210.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 379 shares of the basic materials company’s stock worth $35,000 after buying an additional 257 shares during the period. IFP Advisors Inc raised its stake in Southern Copper by 143.4% during the fourth quarter. IFP Advisors Inc now owns 477 shares of the basic materials company’s stock worth $43,000 after buying an additional 281 shares during the last quarter. Spire Wealth Management acquired a new position in Southern Copper in the fourth quarter valued at $47,000. Finally, Larson Financial Group LLC boosted its position in Southern Copper by 28.0% during the fourth quarter. Larson Financial Group LLC now owns 521 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 114 shares during the last quarter. 7.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SCCO shares. 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. Scotiabank boosted their price target on Southern Copper from $52.00 to $72.00 and gave the company a “sector underperform” rating in a research note on Monday, March 10th. Finally, UBS Group upgraded Southern Copper from a “neutral” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Thursday, March 13th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $94.42.

Southern Copper Stock Up 0.5 %

Shares of NYSE:SCCO opened at $93.97 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77. Southern Copper Co. has a 52-week low of $84.33 and a 52-week high of $127.34. The business’s 50 day simple moving average is $94.22 and its two-hundred day simple moving average is $100.65. The firm has a market cap of $74.82 billion, a P/E ratio of 21.75, a PEG ratio of 1.90 and a beta of 1.12.

Southern Copper (NYSE:SCCO) last issued its earnings results on Wednesday, February 12th. The basic materials company reported $1.01 earnings per share (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 forecast that Southern Copper Co. will post 4.66 EPS for the current fiscal year.

Southern Copper Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Tuesday, February 11th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This is an increase from Southern Copper’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a dividend yield of 2.98%. Southern Copper’s 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.