Southern Copper Co. (NYSE:SCCO) Holdings Lifted by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC increased its holdings in Southern Copper Co. (NYSE:SCCO) by 0.7% in the 3rd quarter, Holdings Channel reports. The fund owned 15,722 shares of the basic materials company’s stock after purchasing an additional 112 shares during the period. Greenwood Capital Associates LLC’s holdings in Southern Copper were worth $1,819,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. First Trust Direct Indexing L.P. boosted its stake in shares of Southern Copper by 13.8% during the 1st quarter. First Trust Direct Indexing L.P. now owns 3,685 shares of the basic materials company’s stock valued at $393,000 after buying an additional 447 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of Southern Copper by 30.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,953 shares of the basic materials company’s stock valued at $421,000 after buying an additional 921 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Southern Copper in the 1st quarter valued at approximately $26,000. Oxbow Advisors LLC acquired a new position in Southern Copper in the first quarter worth approximately $426,000. Finally, Duality Advisers LP bought a new position in Southern Copper during the first quarter valued at approximately $2,395,000. 7.94% of the stock is currently owned by institutional investors and hedge funds.

Southern Copper Stock Up 1.1 %

Shares of SCCO opened at $111.31 on Tuesday. The business’s 50 day simple moving average is $108.57 and its 200-day simple moving average is $109.99. The company has a market capitalization of $86.95 billion, a P/E ratio of 28.66, a PEG ratio of 1.13 and a beta of 1.18. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.77 and a quick ratio of 2.31. Southern Copper Co. has a one year low of $68.93 and a one year high of $129.79.

Southern Copper Announces Dividend

The business also recently announced a — dividend, which will be paid on Thursday, November 21st. Investors of record on Wednesday, November 6th will be paid a $0.62 dividend. This represents a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, November 6th. Southern Copper’s payout ratio is presently 61.79%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SCCO. UBS Group started coverage on shares of Southern Copper in a research note on Friday, July 12th. They issued a “neutral” rating and a $120.00 price objective for the company. Citigroup lifted their price objective on Southern Copper from $99.44 to $100.00 and gave the stock a “sell” rating in a research note on Wednesday, October 2nd. Morgan Stanley raised their price objective on shares of Southern Copper from $97.00 to $100.00 and gave the stock an “underweight” rating in a research note on Thursday, September 19th. Finally, Scotiabank decreased their price target 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. Six investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $90.63.

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.