Southern Copper Co. (NYSE:SCCO) Shares Purchased by Marshall Financial Group LLC

Marshall Financial Group LLC increased its position in shares of Southern Copper Co. (NYSE:SCCO) by 3.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 21,505 shares of the basic materials company’s stock after acquiring an additional 755 shares during the quarter. Marshall Financial Group LLC’s holdings in Southern Copper were worth $2,291,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Wahed Invest LLC raised its holdings in shares of Southern Copper by 9.0% in the 4th quarter. Wahed Invest LLC now owns 1,451 shares of the basic materials company’s stock valued at $125,000 after buying an additional 120 shares during the period. Janiczek Wealth Management LLC lifted its position in shares of Southern Copper by 11.5% during the fourth quarter. Janiczek Wealth Management LLC now owns 1,227 shares of the basic materials company’s stock worth $106,000 after purchasing an additional 127 shares in the last quarter. CWM LLC lifted its position in shares of Southern Copper by 3.3% during the fourth quarter. CWM LLC now owns 4,329 shares of the basic materials company’s stock worth $373,000 after purchasing an additional 137 shares in the last quarter. First National Trust Co boosted its stake in shares of Southern Copper by 0.4% in the fourth quarter. First National Trust Co now owns 37,134 shares of the basic materials company’s stock valued at $3,196,000 after purchasing an additional 150 shares during the period. Finally, Fortis Group Advisors LLC grew its holdings in shares of Southern Copper by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 302 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 151 shares in the last quarter. 7.94% of the stock is owned by hedge funds and other institutional investors.

Southern Copper Stock Performance

Shares of SCCO stock traded up $6.09 during trading hours on Thursday, hitting $116.03. The stock had a trading volume of 1,052,055 shares, compared to its average volume of 1,103,825. The stock’s 50 day moving average is $114.50 and its 200 day moving average is $99.49. The firm has a market capitalization of $90.64 billion, a PE ratio of 38.56, a PEG ratio of 1.08 and a beta of 1.19. Southern Copper Co. has a twelve month low of $67.64 and a twelve month high of $129.79. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.31 and a quick ratio of 2.56.

Southern Copper (NYSE:SCCO) last issued its quarterly earnings results on Thursday, April 25th. The basic materials company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.17. The firm had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Southern Copper had a net margin of 24.20% and a return on equity of 30.44%. As a group, research analysts forecast that Southern Copper Co. will post 4.45 earnings per share for the current fiscal year.

Southern Copper Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Wednesday, May 8th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date was Tuesday, May 7th. Southern Copper’s dividend payout ratio is currently 1.33%.

Analyst Upgrades and Downgrades

SCCO has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on Southern Copper from $63.50 to $61.00 and set an “underweight” rating on the stock in a research report on Thursday, March 21st. Jefferies Financial Group raised Southern Copper from a “hold” rating to a “buy” rating and increased their target price for the company from $91.00 to $130.00 in a report on Friday, March 22nd. HSBC downgraded Southern Copper from a “hold” rating to a “reduce” rating and set a $80.00 price target for the company. in a report on Monday, April 22nd. Morgan Stanley increased their price objective on Southern Copper from $81.70 to $100.00 and gave the company an “underweight” rating in a report on Friday, June 21st. Finally, The Goldman Sachs Group boosted their target price on Southern Copper from $61.00 to $82.00 and gave the stock a “sell” rating in a research note on Friday, March 22nd. Five analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $84.50.

Insider Activity at Southern Copper

In other Southern Copper news, Director Bonilla Luis Miguel Palomino sold 300 shares of Southern Copper stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $118.50, for a total value of $35,550.00. Following the transaction, the director now directly owns 4,614 shares in the company, valued at approximately $546,759. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director PALOMINO BONILLA LUIS MIGUEL sold 3,600 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $118.30, for a total transaction of $425,880.00. Following the transaction, the director now directly owns 2,214 shares in the company, valued at $261,916.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Bonilla Luis Miguel Palomino sold 300 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $118.50, for a total transaction of $35,550.00. Following the completion of the sale, the director now owns 4,614 shares of the company’s stock, valued at approximately $546,759. The disclosure for this sale can be found here. Insiders have sold 4,000 shares of company stock worth $472,430 in the last quarter. Company insiders own 0.08% of the company’s stock.

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.