Randolph Co Inc Has $17.73 Million Stock Holdings in Southern Copper Co. (NYSE:SCCO)

Randolph Co Inc increased its holdings in shares of Southern Copper Co. (NYSE:SCCO) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 194,545 shares of the basic materials company’s stock after buying an additional 1,183 shares during the quarter. Southern Copper accounts for about 2.0% of Randolph Co Inc’s holdings, making the stock its 24th biggest holding. Randolph Co Inc’s holdings in Southern Copper were worth $17,729,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB boosted its holdings in shares of Southern Copper by 15.3% during the 4th quarter. Nordea Investment Management AB now owns 108,753 shares of the basic materials company’s stock valued at $9,969,000 after acquiring an additional 14,391 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Southern Copper by 74.6% in the third quarter. JPMorgan Chase & Co. now owns 1,402,983 shares of the basic materials company’s stock valued at $162,283,000 after buying an additional 599,610 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Southern Copper by 22.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 137,019 shares of the basic materials company’s stock valued at $12,487,000 after buying an additional 24,933 shares during the last quarter. Morse Asset Management Inc acquired a new stake in Southern Copper during the 3rd quarter worth approximately $1,397,000. Finally, Raymond James Financial Inc. acquired a new stake in Southern Copper during the 4th quarter worth approximately $8,420,000. Institutional investors own 7.94% of the company’s stock.

Southern Copper Stock Down 0.5 %

Southern Copper stock opened at $93.78 on Tuesday. The company has a market capitalization of $74.67 billion, a PE ratio of 21.71, a PEG ratio of 1.90 and a beta of 1.04. Southern Copper Co. has a 12-month low of $74.84 and a 12-month high of $127.34. The firm’s fifty day moving average is $90.67 and its 200 day moving average is $96.94. 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 posted its quarterly earnings results on Friday, April 25th. The basic materials company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.14. The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.05 billion. Southern Copper had a net margin of 29.53% and a return on equity of 40.27%. As a group, sell-side analysts predict that Southern Copper Co. will post 4.66 EPS for the current fiscal year.

Southern Copper Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, May 19th. Investors of record on Monday, May 5th will be paid a dividend of $0.70 per share. This represents a yield of 2.98%. The ex-dividend date is Friday, May 2nd. Southern Copper’s dividend payout ratio (DPR) is currently 61.27%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SCCO shares. StockNews.com lowered shares of Southern Copper from a “buy” rating to a “hold” rating in a report on Monday. Scotiabank increased 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. Hsbc Global Res raised shares of Southern Copper from a “moderate sell” rating to a “hold” rating in a research report on Thursday, April 24th. UBS Group dropped their price target on shares of Southern Copper from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. decreased 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 report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Southern Copper has a consensus rating of “Hold” and a consensus target price of $91.50.

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.