Southern Copper Co. (NYSE:SCCO) Stock Holdings Lifted by ORG Partners LLC

ORG Partners LLC increased its stake in Southern Copper Co. (NYSE:SCCO) by 3.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,389 shares of the basic materials company’s stock after acquiring an additional 411 shares during the quarter. ORG Partners LLC’s holdings in Southern Copper were worth $1,040,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Southern Copper by 7.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 230,495 shares of the basic materials company’s stock valued at $26,661,000 after purchasing an additional 15,386 shares during the period. Two Sigma Advisers LP increased its position in shares of Southern Copper by 384.4% in the third quarter. Two Sigma Advisers LP now owns 90,173 shares of the basic materials company’s stock worth $10,430,000 after acquiring an additional 71,558 shares in the last quarter. Morse Asset Management Inc acquired a new stake in shares of Southern Copper during the third quarter valued at approximately $1,397,000. JPMorgan Chase & Co. boosted its stake in Southern Copper by 74.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,402,983 shares of the basic materials company’s stock worth $162,283,000 after purchasing an additional 599,610 shares during the period. Finally, Gateway Advisory LLC purchased a new position in Southern Copper during the 2nd quarter worth approximately $625,000. 7.94% of the stock is currently owned by institutional investors and hedge funds.

Southern Copper Stock Up 0.6 %

SCCO stock traded up $0.60 during trading hours on Friday, hitting $96.20. The company’s stock had a trading volume of 253,997 shares, compared to its average volume of 817,453. The company has a market capitalization of $75.57 billion, a PE ratio of 24.77, a price-to-earnings-growth ratio of 1.56 and a beta of 1.14. The stock has a 50 day moving average price of $99.56 and a two-hundred day moving average price of $104.75. 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 Co. has a 12 month low of $77.14 and a 12 month high of $129.79.

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 issued 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 72.16%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SCCO. Scotiabank lowered their price target on Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating on the stock in a report on Tuesday, October 15th. 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. Citigroup raised their price target on shares of Southern Copper from $99.44 to $100.00 and gave the stock a “sell” rating in a report on Wednesday, October 2nd. Finally, Morgan Stanley upgraded shares of Southern Copper from an “underweight” rating to an “equal weight” rating and dropped their price objective for the company from $106.30 to $102.00 in a research note on Thursday, December 12th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Southern Copper currently has an average rating of “Hold” and a consensus price target of $94.81.

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.