Deutsche Bank AG Purchases 90,432 Shares of Southern Copper Co. (NYSE:SCCO)

Deutsche Bank AG boosted its position in shares of Southern Copper Co. (NYSE:SCCO) by 90.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 190,794 shares of the basic materials company’s stock after purchasing an additional 90,432 shares during the quarter. Deutsche Bank AG’s holdings in Southern Copper were worth $17,387,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. increased its stake in shares of Southern Copper by 22.2% during the fourth 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 period. Raymond James Financial Inc. bought a new position in Southern Copper during the 4th quarter worth about $8,420,000. Charles Schwab Investment Management Inc. grew its holdings in Southern Copper by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 237,437 shares of the basic materials company’s stock worth $21,638,000 after acquiring an additional 4,889 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in Southern Copper during the 4th quarter valued at about $308,000. Finally, Vantage Investment Partners LLC raised its holdings in shares of Southern Copper by 21.8% in the 4th quarter. Vantage Investment Partners LLC now owns 139,554 shares of the basic materials company’s stock valued at $12,718,000 after purchasing an additional 24,987 shares in the last quarter. 7.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SCCO shares. StockNews.com upgraded shares of Southern Copper from a “hold” rating to a “buy” rating in a research note on Monday. Scotiabank increased their target price 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. UBS Group reduced their price target on Southern Copper from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Hsbc Global Res raised Southern Copper from a “moderate sell” rating to a “hold” rating in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. cut their target price on Southern Copper from $84.00 to $83.50 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Southern Copper has an average rating of “Hold” and an average target price of $91.50.

Southern Copper Stock Performance

Shares of SCCO opened at $93.36 on Thursday. 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 has a market cap of $74.33 billion, a PE ratio of 21.61, a P/E/G ratio of 1.90 and a beta of 1.05. Southern Copper Co. has a 12 month low of $74.11 and a 12 month high of $126.09. The stock has a fifty day moving average price of $90.51 and a 200-day moving average price of $95.24.

Southern Copper (NYSE:SCCO) last released its quarterly earnings results on Friday, April 25th. The basic materials company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.14. Southern Copper had a return on equity of 40.27% and a net margin of 29.53%. The company had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Equities research analysts predict that Southern Copper Co. will post 4.66 earnings per share for the current fiscal year.

Southern Copper Dividend Announcement

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

About Southern Copper

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.