Flow Traders U.S. LLC Sells 167 Shares of Southern Copper Co. (NYSE:SCCO)

Flow Traders U.S. LLC lowered its stake in Southern Copper Co. (NYSE:SCCO) by 8.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,792 shares of the basic materials company’s stock after selling 167 shares during the quarter. Flow Traders U.S. LLC’s holdings in Southern Copper were worth $207,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Creative Financial Designs Inc. ADV boosted its holdings in Southern Copper by 172.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 223 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 141 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Southern Copper in the 2nd quarter valued at $31,000. McClarren Financial Advisors Inc. increased its stake in Southern Copper by 169.2% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 288 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 181 shares in the last quarter. Oakworth Capital Inc. acquired a new position in Southern Copper during the third quarter worth $42,000. Finally, Prospera Private Wealth LLC bought a new position in shares of Southern Copper in the third quarter valued at $47,000. Institutional investors and hedge funds own 7.94% of the company’s stock.

Southern Copper Price Performance

Shares of NYSE:SCCO opened at $100.05 on Friday. The company has a market capitalization of $78.59 billion, a P/E ratio of 25.79, a price-to-earnings-growth ratio of 1.57 and a beta of 1.14. The company’s 50-day moving average is $109.13 and its 200 day moving average is $107.88. 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 Co. has a fifty-two week low of $70.92 and a fifty-two week high of $129.79.

Southern Copper Announces Dividend

The business also recently announced a — dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 6th were given a dividend of $0.62 per share. This represents a dividend yield of 2.1%. The ex-dividend date was Wednesday, November 6th. Southern Copper’s dividend payout ratio is currently 72.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of Southern Copper from $97.00 to $100.00 and gave the stock an “underweight” rating in a report on Thursday, September 19th. JPMorgan Chase & Co. upgraded Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 target price on the stock in a report on Monday, December 2nd. Scotiabank decreased their price target on Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating for the company in a report on Tuesday, October 15th. Finally, Citigroup raised their price objective on Southern Copper from $99.44 to $100.00 and gave the company a “sell” rating in a research note on Wednesday, October 2nd. Five investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $94.56.

Southern Copper 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.