Bryn Mawr Trust Advisors LLC Invests $622,000 in Southern Copper Corporation $SCCO

Bryn Mawr Trust Advisors LLC purchased a new stake in shares of Southern Copper Corporation (NYSE:SCCO) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,572 shares of the basic materials company’s stock, valued at approximately $622,000.

Other large investors have also recently modified their holdings of the company. SHP Wealth Management purchased a new stake in Southern Copper during the 4th quarter valued at about $25,000. Lloyd Advisory Services LLC. purchased a new position in Southern Copper in the fourth quarter worth about $29,000. Virtus Advisers LLC purchased a new position in Southern Copper in the fourth quarter worth about $29,000. Godfrey Financial Associates Inc. bought a new position in shares of Southern Copper in the fourth quarter worth approximately $30,000. Finally, IFP Advisors Inc grew its holdings in shares of Southern Copper by 233.3% during the fourth quarter. IFP Advisors Inc now owns 230 shares of the basic materials company’s stock valued at $33,000 after buying an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 7.94% of the company’s stock.

Insider Activity at Southern Copper

In other news, Director Bonilla Luis Miguel Palomino sold 202 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $196.79, for a total transaction of $39,751.28. Following the completion of the sale, the director owned 1,723 shares of the company’s stock, valued at $339,066.65. This represents a 10.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 711 shares of company stock worth $133,247. 0.07% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SCCO has been the subject of several analyst reports. Weiss Ratings raised shares of Southern Copper from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Wall Street Zen downgraded Southern Copper from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Citigroup reissued a “positive” rating on shares of Southern Copper in a report on Wednesday, July 15th. Wells Fargo & Company boosted their price target on Southern Copper from $168.97 to $169.96 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Finally, Morgan Stanley upped their price target on Southern Copper from $144.27 to $156.13 and gave the company an “underweight” rating in a report on Wednesday, July 8th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and seven have given a Sell rating to the company’s stock. According to MarketBeat, Southern Copper has a consensus rating of “Reduce” and an average target price of $146.84.

Southern Copper Trading Down 1.7%

NYSE:SCCO opened at $184.42 on Friday. The company has a market cap of $153.87 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 1.62 and a beta of 1.11. The company has a current ratio of 5.06, a quick ratio of 4.56 and a debt-to-equity ratio of 0.63. The company has a 50 day simple moving average of $179.90 and a two-hundred day simple moving average of $182.98. Southern Copper Corporation has a 12 month low of $92.57 and a 12 month high of $223.88.

Southern Copper (NYSE:SCCO) last issued its quarterly earnings data on Wednesday, July 22nd. The basic materials company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.93 by $0.06. Southern Copper had a return on equity of 49.04% and a net margin of 35.87%.The company had revenue of $4.29 billion during the quarter, compared to analyst estimates of $4.37 billion. The business’s revenue was up 40.6% compared to the same quarter last year. Research analysts forecast that Southern Copper Corporation will post 7.61 earnings per share for the current year.

Southern Copper Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Tuesday, August 11th will be paid a dividend of $1.10 per share. The ex-dividend date is Tuesday, August 11th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.4%. This is an increase from Southern Copper’s previous quarterly dividend of $1.00. Southern Copper’s dividend payout ratio is presently 64.33%.

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.