Aptus Capital Advisors LLC Has $366,000 Stock Holdings in Southern Copper Co. (NYSE:SCCO)

Aptus Capital Advisors LLC boosted its holdings in shares of Southern Copper Co. (NYSE:SCCO) by 38.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,163 shares of the basic materials company’s stock after acquiring an additional 886 shares during the period. Aptus Capital Advisors LLC’s holdings in Southern Copper were worth $366,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SCCO. Capital World Investors acquired a new position in Southern Copper during the first quarter worth $340,373,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Southern Copper by 18.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,771,332 shares of the basic materials company’s stock valued at $827,804,000 after purchasing an additional 1,192,111 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in shares of Southern Copper by 1,300.4% during the second quarter. Los Angeles Capital Management LLC now owns 443,285 shares of the basic materials company’s stock valued at $47,760,000 after purchasing an additional 411,630 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Southern Copper by 11,510.5% during the third quarter. International Assets Investment Management LLC now owns 189,716 shares of the basic materials company’s stock worth $21,944,000 after purchasing an additional 188,082 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its position in Southern Copper by 182.3% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 278,119 shares of the basic materials company’s stock worth $29,625,000 after purchasing an additional 179,590 shares in the last quarter. Institutional investors and hedge funds own 7.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on SCCO. Scotiabank dropped their target price on shares of Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating on the stock in a research report on Tuesday, October 15th. Morgan Stanley upped their price objective on Southern Copper from $97.00 to $100.00 and gave the company an “underweight” rating in a research note on Thursday, September 19th. Finally, Citigroup lifted their target price on Southern Copper from $99.44 to $100.00 and gave the stock a “sell” rating in a research note on Wednesday, October 2nd. Six investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $90.63.

Southern Copper Stock Down 1.1 %

SCCO stock opened at $99.22 on Friday. The stock has a fifty day moving average of $109.62 and a 200-day moving average of $109.71. Southern Copper Co. has a fifty-two week low of $70.63 and a fifty-two week high of $129.79. The company has a market capitalization of $77.94 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 1.04 and a beta of 1.18. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77.

Southern Copper Announces Dividend

The firm also recently announced a — dividend, which will be paid on Thursday, November 21st. Stockholders of record on Wednesday, November 6th will be paid a $0.62 dividend. The ex-dividend date is Wednesday, November 6th. This represents a dividend yield of 2.1%. Southern Copper’s payout ratio is 72.09%.

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.