KCM Investment Advisors LLC Has $6.38 Million Holdings in Southern Copper Co. (NYSE:SCCO)

KCM Investment Advisors LLC boosted its holdings in Southern Copper Co. (NYSE:SCCO) by 25.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,952 shares of the basic materials company’s stock after purchasing an additional 14,189 shares during the quarter. KCM Investment Advisors LLC’s holdings in Southern Copper were worth $6,375,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Benjamin Edwards Inc. lifted its position in Southern Copper by 2,816.0% during the third quarter. Benjamin Edwards Inc. now owns 5,103 shares of the basic materials company’s stock worth $590,000 after purchasing an additional 4,928 shares during the period. Integrated Wealth Concepts LLC grew its position in Southern Copper by 2.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 8,797 shares of the basic materials company’s stock worth $1,018,000 after acquiring an additional 250 shares during the last quarter. Morse Asset Management Inc acquired a new position in Southern Copper in the 3rd quarter worth about $1,397,000. Royal London Asset Management Ltd. raised its position in Southern Copper by 0.6% in the third quarter. Royal London Asset Management Ltd. now owns 43,381 shares of the basic materials company’s stock valued at $5,018,000 after purchasing an additional 241 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Southern Copper during the third quarter valued at about $120,000. Institutional investors own 7.94% of the company’s stock.

Southern Copper Stock Performance

Shares of SCCO opened at $78.46 on Friday. The company has a current ratio of 2.77, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. The firm’s fifty day simple moving average is $93.61 and its two-hundred day simple moving average is $100.37. Southern Copper Co. has a 12 month low of $77.43 and a 12 month high of $127.34. The stock has a market capitalization of $62.47 billion, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 1.90 and a beta of 1.04.

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

Southern Copper Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Tuesday, February 11th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date was Tuesday, February 11th. This is an increase from Southern Copper’s previous quarterly dividend of $0.60. Southern Copper’s payout ratio is presently 64.81%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SCCO shares. Scotiabank raised their price objective on shares of Southern Copper from $52.00 to $72.00 and gave the company a “sector underperform” rating in a report on Monday, March 10th. UBS Group raised shares of Southern Copper from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Thursday, March 13th. Finally, Morgan Stanley raised shares of Southern Copper from an “underweight” rating to an “equal weight” rating and reduced their price objective for the stock from $106.30 to $102.00 in a research note on Thursday, December 12th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $94.42.

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.