Southern Copper Co. (NYSE:SCCO) Shares Purchased by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. boosted its stake in shares of Southern Copper Co. (NYSE:SCCO) by 5.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,404 shares of the basic materials company’s stock after buying an additional 2,518 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Southern Copper were worth $5,715,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Comerica Bank grew its holdings in shares of Southern Copper by 4.3% in the 1st quarter. Comerica Bank now owns 17,694 shares of the basic materials company’s stock worth $1,885,000 after acquiring an additional 735 shares during the period. Cetera Investment Advisers increased its position in shares of Southern Copper by 395.1% in the first quarter. Cetera Investment Advisers now owns 38,803 shares of the basic materials company’s stock valued at $4,133,000 after buying an additional 30,966 shares in the last quarter. Cetera Advisors LLC raised its stake in shares of Southern Copper by 62.2% during the 1st quarter. Cetera Advisors LLC now owns 5,671 shares of the basic materials company’s stock worth $604,000 after buying an additional 2,174 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Southern Copper by 27.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,360 shares of the basic materials company’s stock worth $159,000 after buying an additional 291 shares during the last quarter. Finally, DNB Asset Management AS boosted its position in shares of Southern Copper by 3.2% in the 2nd quarter. DNB Asset Management AS now owns 19,936 shares of the basic materials company’s stock worth $2,148,000 after buying an additional 612 shares in the last quarter. 7.94% of the stock is currently owned by institutional investors and hedge funds.

Southern Copper Price Performance

Shares of NYSE:SCCO opened at $100.35 on Monday. The company has a market cap of $78.83 billion, a P/E ratio of 25.86, a P/E/G ratio of 1.55 and a beta of 1.18. The business has a fifty day simple moving average of $110.08 and a 200-day simple moving average of $108.28. Southern Copper Co. has a 52 week low of $70.92 and a 52 week high of $129.79. The company has a quick ratio of 2.31, a current ratio of 2.77 and a debt-to-equity ratio of 0.64.

Southern Copper Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SCCO. Morgan Stanley lifted their target price on shares of Southern Copper from $97.00 to $100.00 and gave the stock an “underweight” rating in a research report on Thursday, September 19th. Scotiabank reduced their target price on Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating on the stock in a research note on Tuesday, October 15th. Finally, Citigroup raised their price target on Southern Copper from $99.44 to $100.00 and gave the stock a “sell” rating in a research report on Wednesday, October 2nd. Six research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Southern Copper presently has an average rating of “Hold” and a consensus 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.