Southern Copper Co. (NYSE:SCCO) Stock Holdings Lifted by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lifted its position in Southern Copper Co. (NYSE:SCCO) by 195.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,902 shares of the basic materials company’s stock after acquiring an additional 5,890 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Southern Copper were worth $811,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SCCO. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Southern Copper in the 4th quarter valued at approximately $30,000. Deseret Mutual Benefit Administrators raised 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 valued at $35,000 after buying an additional 257 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Southern Copper by 143.4% in the fourth quarter. IFP Advisors Inc now owns 477 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 281 shares in the last quarter. Spire Wealth Management bought a new position in shares of Southern Copper during the 4th quarter worth about $47,000. Finally, Larson Financial Group LLC boosted its holdings 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 purchasing an additional 114 shares in the last quarter. 7.94% of the stock is owned by institutional investors and hedge funds.

Southern Copper Stock Down 9.5 %

Shares of NYSE:SCCO opened at $78.46 on Monday. The company has a 50 day moving average price of $93.61 and a two-hundred day moving average price of $100.37. The company has a market capitalization of $62.47 billion, a PE ratio of 18.16, a PEG ratio of 1.90 and a beta of 1.04. Southern Copper Co. has a 52 week low of $75.26 and a 52 week 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.

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 analysts’ consensus estimates of $1.02 by ($0.01). Southern Copper had a net margin of 29.53% and a return on equity of 40.27%. Analysts forecast that Southern Copper Co. will post 4.66 earnings per share for the current year.

Southern Copper Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Tuesday, February 11th were given a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This is a positive change from Southern Copper’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a dividend yield of 3.57%. Southern Copper’s payout ratio is currently 64.81%.

Analysts Set New Price Targets

Several equities analysts have issued reports on SCCO shares. UBS Group upgraded 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 upgraded shares of Southern Copper from an “underweight” rating to an “equal weight” rating and cut their price objective for the company from $106.30 to $102.00 in a report on Thursday, December 12th. Finally, Scotiabank upped their target price on shares of Southern Copper from $52.00 to $72.00 and gave the company a “sector underperform” rating in a research report on Monday, March 10th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.