Southern Copper Co. (NYSE:SCCO) Shares Bought by Jump Financial LLC

Jump Financial LLC grew its position in Southern Copper Co. (NYSE:SCCO) by 48.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,353 shares of the basic materials company’s stock after acquiring an additional 7,607 shares during the quarter. Jump Financial LLC’s holdings in Southern Copper were worth $2,128,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. AGP Franklin LLC bought a new stake in Southern Copper in the fourth quarter valued at $921,000. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in Southern Copper during the fourth quarter valued at approximately $702,000. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Southern Copper during the 4th quarter valued at $4,800,000. Mariner LLC boosted its position in shares of Southern Copper by 8.1% in the 4th quarter. Mariner LLC now owns 42,210 shares of the basic materials company’s stock valued at $3,847,000 after purchasing an additional 3,151 shares during the period. Finally, Barclays PLC increased its position in shares of Southern Copper by 5.6% in the fourth quarter. Barclays PLC now owns 50,809 shares of the basic materials company’s stock worth $4,629,000 after acquiring an additional 2,708 shares in the last quarter. Institutional investors own 7.94% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Scotiabank upped their price target on Southern Copper from $52.00 to $72.00 and gave the company a “sector underperform” rating in a research report on Monday, March 10th. JPMorgan Chase & Co. reduced their price objective on shares of Southern Copper from $84.00 to $83.50 and set a “neutral” rating for the company in a research note on Monday, April 14th. Finally, UBS Group lowered their price target on Southern Copper from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday. 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 company’s stock. According to data from MarketBeat, Southern Copper currently has a consensus rating of “Hold” and a consensus target price of $89.58.

Southern Copper Trading Up 0.3 %

Shares of SCCO opened at $86.47 on Friday. Southern Copper Co. has a 12-month low of $74.84 and a 12-month high of $127.34. The firm has a market capitalization of $68.84 billion, a price-to-earnings ratio of 20.01, a P/E/G ratio of 1.90 and a beta of 1.04. The stock’s 50-day moving average price is $91.25 and its 200 day moving average price is $98.21. The company has a quick ratio of 2.31, a current ratio of 2.77 and a debt-to-equity ratio of 0.64.

Southern Copper (NYSE:SCCO) last issued its earnings results on Wednesday, February 12th. The basic materials company reported $1.01 earnings per share 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%. As a group, research analysts predict that Southern Copper Co. will post 4.66 earnings per share for the current year.

Southern Copper Increases Dividend

The company 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. The ex-dividend date was Tuesday, February 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.24%. This is a boost from Southern Copper’s previous quarterly dividend of $0.60. Southern Copper’s dividend payout ratio (DPR) 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.