Southern Copper Co. (NYSE:SCCO) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its position in shares of Southern Copper Co. (NYSE:SCCO) by 22.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 137,019 shares of the basic materials company’s stock after buying an additional 24,933 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Southern Copper were worth $12,487,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SCCO. Creative Planning raised its stake in Southern Copper by 5.0% during the second quarter. Creative Planning now owns 47,236 shares of the basic materials company’s stock valued at $5,089,000 after buying an additional 2,266 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Southern Copper by 222.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,871 shares of the basic materials company’s stock valued at $202,000 after buying an additional 1,291 shares in the last quarter. Truist Financial Corp raised its stake in Southern Copper by 83.4% during the second quarter. Truist Financial Corp now owns 35,185 shares of the basic materials company’s stock valued at $3,791,000 after buying an additional 15,995 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Southern Copper during the second quarter valued at approximately $611,000. Finally, Massmutual Trust Co. FSB ADV raised its stake in Southern Copper by 30.8% during the third quarter. Massmutual Trust Co. FSB ADV now owns 683 shares of the basic materials company’s stock valued at $79,000 after buying an additional 161 shares in the last quarter. Institutional investors and hedge funds own 7.94% of the company’s stock.

Southern Copper Stock Down 1.0 %

SCCO opened at $91.69 on Friday. Southern Copper Co. has a 12 month low of $77.42 and a 12 month high of $129.79. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.77 and a quick ratio of 2.31. The stock has a market cap of $72.02 billion, a P/E ratio of 23.60, a P/E/G ratio of 1.79 and a beta of 1.14. The stock’s 50 day moving average price is $96.55 and its 200 day moving average price is $102.97.

Southern Copper Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Tuesday, February 11th will be given a $0.70 dividend. This is a boost from Southern Copper’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Monday, February 10th. Southern Copper’s dividend payout ratio (DPR) is currently 72.09%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SCCO. JPMorgan Chase & Co. upgraded 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. Morgan Stanley upgraded Southern Copper from an “underweight” rating to an “equal weight” rating and dropped their price target for the stock from $106.30 to $102.00 in a research report on Thursday, December 12th. Finally, Scotiabank dropped their price target on 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. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.