Universal Beteiligungs und Servicegesellschaft mbH Has $48.83 Million Stake in Southern Copper Corporation $SCCO

Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Southern Copper Corporation (NYSE:SCCO) by 8.3% during the third quarter, HoldingsChannel reports. The fund owned 402,322 shares of the basic materials company’s stock after buying an additional 30,961 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Southern Copper were worth $48,826,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. boosted its stake in shares of Southern Copper by 65.1% during the third quarter. MJT & Associates Financial Advisory Group Inc. now owns 213 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 84 shares in the last quarter. Avanza Fonder AB raised its holdings in Southern Copper by 1.0% in the 3rd quarter. Avanza Fonder AB now owns 8,663 shares of the basic materials company’s stock valued at $1,051,000 after buying an additional 86 shares during the last quarter. Redwood Wealth Management Group LLC boosted its position in Southern Copper by 1.5% during the 3rd quarter. Redwood Wealth Management Group LLC now owns 5,999 shares of the basic materials company’s stock worth $728,000 after buying an additional 89 shares during the period. Donor Advised Charitable Giving Inc. boosted its position in Southern Copper by 1.0% during the 3rd quarter. Donor Advised Charitable Giving Inc. now owns 10,502 shares of the basic materials company’s stock worth $1,275,000 after buying an additional 105 shares during the period. Finally, Vontobel Holding Ltd. grew its holdings in Southern Copper by 2.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 4,510 shares of the basic materials company’s stock worth $547,000 after acquiring an additional 107 shares during the last quarter. Institutional investors and hedge funds own 7.94% of the company’s stock.

Insider Transactions at Southern Copper

In other news, Director Bonilla Luis Miguel Palomino sold 400 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $139.00, for a total value of $55,600.00. Following the completion of the sale, the director directly owned 1,265 shares of the company’s stock, valued at $175,835. This represents a 24.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders sold 948 shares of company stock worth $131,130. 0.07% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of Southern Copper from a “hold” rating to a “buy” rating in a research note on Sunday. Wells Fargo & Company set a $182.00 target price on Southern Copper and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th. UBS Group set a $148.00 price target on Southern Copper and gave the company a “sell” rating in a research report on Wednesday. The Goldman Sachs Group reissued a “sell” rating and issued a $129.00 price target on shares of Southern Copper in a research note on Wednesday, January 14th. Finally, Citigroup reaffirmed a “sell” rating on shares of Southern Copper in a research note on Monday, January 12th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $129.55.

Southern Copper Price Performance

Shares of SCCO opened at $184.06 on Thursday. The business’s fifty day moving average is $147.45 and its 200 day moving average is $124.16. Southern Copper Corporation has a 12-month low of $74.84 and a 12-month high of $191.22. The company has a quick ratio of 3.91, a current ratio of 4.52 and a debt-to-equity ratio of 0.64. The stock has a market cap of $149.49 billion, a P/E ratio of 38.59, a P/E/G ratio of 1.56 and a beta of 1.06.

Southern Copper (NYSE:SCCO) last released its quarterly earnings data on Friday, October 31st. The basic materials company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.09. Southern Copper had a net margin of 30.98% and a return on equity of 38.74%. The firm had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.05 billion. Sell-side analysts anticipate that Southern Copper Corporation will post 4.66 earnings per share for the current fiscal year.

Southern Copper Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Wednesday, November 12th were given a $0.90 dividend. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $3.60 annualized dividend and a yield of 2.0%. Southern Copper’s dividend payout ratio (DPR) is presently 75.47%.

Southern Copper Company Profile

Southern Copper Corporation (NYSE: SCCO) is a large, integrated copper producer whose operations span the full value chain from exploration and mining to smelting, refining and the sale of copper and other metal products. The company produces a range of copper products including copper concentrate and refined cathodes, and recovers valuable byproducts such as molybdenum, silver and zinc. Southern Copper concentrates on high-volume, long-life assets designed to support steady production and processing capabilities.

Southern Copper’s operations are concentrated in Peru and Mexico, where it owns and operates multiple large-scale mining and processing facilities.