Southern Copper Co. (NYSE:SCCO) Shares Bought by KCM Investment Advisors LLC

KCM Investment Advisors LLC lifted its position in shares of Southern Copper Co. (NYSE:SCCO) by 2.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 55,763 shares of the basic materials company’s stock after buying an additional 1,559 shares during the quarter. KCM Investment Advisors LLC’s holdings in Southern Copper were worth $6,450,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Cetera Investment Advisers lifted its position in shares of Southern Copper by 395.1% during the first quarter. Cetera Investment Advisers now owns 38,803 shares of the basic materials company’s stock worth $4,133,000 after purchasing an additional 30,966 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Southern Copper by 21.7% during the first quarter. Advisors Asset Management Inc. now owns 90,237 shares of the basic materials company’s stock worth $9,612,000 after purchasing an additional 16,111 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in shares of Southern Copper by 182.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 278,119 shares of the basic materials company’s stock worth $29,625,000 after purchasing an additional 179,590 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Southern Copper by 18.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,771,332 shares of the basic materials company’s stock worth $827,804,000 after purchasing an additional 1,192,111 shares during the period. Finally, Gateway Advisory LLC acquired a new stake in shares of Southern Copper during the second quarter worth $625,000. 7.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SCCO shares. Scotiabank dropped their target price on shares of Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating on the stock in a report on Tuesday, October 15th. Morgan Stanley upped 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, Citigroup upped their price target on shares of 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $90.63.

Southern Copper Price Performance

SCCO traded up $0.58 on Friday, reaching $100.85. The company had a trading volume of 92,301 shares, compared to its average volume of 1,141,753. The company has a fifty day moving average of $109.62 and a 200-day moving average of $109.71. The company has a market capitalization of $79.22 billion, a P/E ratio of 25.79, a PEG ratio of 1.04 and a beta of 1.18. The company has a current ratio of 2.77, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. Southern Copper Co. has a one year low of $70.63 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 given a $0.62 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a yield of 2.1%. Southern Copper’s dividend payout ratio is presently 72.09%.

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.