Capital Advisors Inc. OK Increases Stock Holdings in Southern Copper Co. (NYSE:SCCO)

Capital Advisors Inc. OK boosted its stake in Southern Copper Co. (NYSE:SCCO) by 2.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 264,267 shares of the basic materials company’s stock after acquiring an additional 7,232 shares during the quarter. Capital Advisors Inc. OK’s holdings in Southern Copper were worth $30,568,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SCCO. Americana Partners LLC boosted its stake in shares of Southern Copper by 0.8% in the third quarter. Americana Partners LLC now owns 44,142 shares of the basic materials company’s stock valued at $5,106,000 after purchasing an additional 356 shares during the period. Creative Financial Designs Inc. ADV boosted its position in Southern Copper by 172.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 223 shares of the basic materials company’s stock valued at $26,000 after buying an additional 141 shares during the last quarter. Financial Advocates Investment Management grew its stake in shares of Southern Copper by 3.5% during the third quarter. Financial Advocates Investment Management now owns 3,808 shares of the basic materials company’s stock valued at $440,000 after acquiring an additional 127 shares in the last quarter. Pinnacle Associates Ltd. increased its position in shares of Southern Copper by 50.6% during the third quarter. Pinnacle Associates Ltd. now owns 3,354 shares of the basic materials company’s stock worth $388,000 after acquiring an additional 1,127 shares during the last quarter. Finally, First Trust Direct Indexing L.P. lifted its stake in shares of Southern Copper by 30.7% in the third quarter. First Trust Direct Indexing L.P. now owns 5,167 shares of the basic materials company’s stock worth $598,000 after acquiring an additional 1,215 shares in the last quarter. Institutional investors and hedge funds own 7.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SCCO shares. Citigroup lifted their price objective on Southern Copper from $99.44 to $100.00 and gave the stock a “sell” rating in a report on Wednesday, October 2nd. UBS Group started coverage on shares of Southern Copper in a research note on Friday, July 12th. They set a “neutral” rating and a $120.00 price objective on the stock. Morgan Stanley increased their price target 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. Finally, Scotiabank decreased their target price on Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating for the company in a research report on Tuesday, October 15th. Six equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $90.63.

Southern Copper Trading Up 0.5 %

Southern Copper stock opened at $110.10 on Friday. The firm has a 50-day moving average price of $108.45 and a two-hundred day moving average price of $110.07. Southern Copper Co. has a 52-week low of $68.93 and a 52-week high of $129.79. The firm has a market capitalization of $86.01 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 1.14 and a beta of 1.18. The company has a quick ratio of 2.27, a current ratio of 2.81 and a debt-to-equity ratio of 0.67.

Southern Copper Announces Dividend

The firm also recently announced a — dividend, which will be paid on Thursday, November 21st. Investors of record on Wednesday, November 6th will be given 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 dividend payout ratio is currently 61.79%.

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.