1,083 Shares in Southern Copper Co. (NYSE:SCCO) Acquired by Kohmann Bosshard Financial Services LLC

Kohmann Bosshard Financial Services LLC acquired a new stake in Southern Copper Co. (NYSE:SCCO) during the fourth quarter, Holdings Channel reports. The fund acquired 1,083 shares of the basic materials company’s stock, valued at approximately $99,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SCCO. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Southern Copper by 7.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 230,495 shares of the basic materials company’s stock valued at $26,661,000 after buying an additional 15,386 shares during the last quarter. Nordea Investment Management AB grew its stake in 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. Two Sigma Advisers LP raised its holdings in Southern Copper by 384.4% in the 3rd quarter. Two Sigma Advisers LP now owns 90,173 shares of the basic materials company’s stock valued at $10,430,000 after acquiring an additional 71,558 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Southern Copper by 74.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,402,983 shares of the basic materials company’s stock worth $162,283,000 after purchasing an additional 599,610 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Southern Copper by 22.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 137,019 shares of the basic materials company’s stock worth $12,487,000 after purchasing an additional 24,933 shares during the last quarter. Institutional investors and hedge funds own 7.94% of the company’s stock.

Southern Copper Stock Down 1.9 %

Shares of SCCO opened at $88.78 on Monday. The company’s 50-day moving average price is $94.35 and its 200 day moving average price is $101.62. Southern Copper Co. has a 12-month low of $79.33 and a 12-month high of $129.79. 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 $69.74 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 1.90 and a beta of 1.13.

Southern Copper (NYSE:SCCO) last released its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.01). Southern Copper had a net margin of 29.53% and a return on equity of 40.27%. On average, sell-side analysts forecast that Southern Copper Co. will post 4.66 earnings per share for the current year.

Southern Copper Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Tuesday, February 11th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.15%. This is a boost from Southern Copper’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Tuesday, February 11th. Southern Copper’s dividend payout ratio is 64.81%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Morgan Stanley upgraded Southern Copper from an “underweight” rating to an “equal weight” rating and reduced their price objective for the stock from $106.30 to $102.00 in a research report on Thursday, December 12th. JPMorgan Chase & Co. raised shares of Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 price target on the stock in a research report on Monday, December 2nd. Four analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $94.81.

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.