Generali Investments CEE investicni spolecnost a.s. Has $1.38 Million Stock Position in Southern Copper Corporation $SCCO

Generali Investments CEE investicni spolecnost a.s. lowered its stake in shares of Southern Copper Corporation (NYSE:SCCO) by 37.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,622 shares of the basic materials company’s stock after selling 5,757 shares during the period. Generali Investments CEE investicni spolecnost a.s.’s holdings in Southern Copper were worth $1,380,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in Southern Copper by 42.1% during the first quarter. Royal Bank of Canada now owns 44,879 shares of the basic materials company’s stock worth $4,194,000 after buying an additional 13,293 shares during the last quarter. Empowered Funds LLC lifted its stake in Southern Copper by 17.9% in the first quarter. Empowered Funds LLC now owns 6,705 shares of the basic materials company’s stock valued at $627,000 after acquiring an additional 1,020 shares during the last quarter. Focus Partners Wealth grew its position in shares of Southern Copper by 21.5% in the 1st quarter. Focus Partners Wealth now owns 5,944 shares of the basic materials company’s stock valued at $556,000 after acquiring an additional 1,052 shares during the period. American Century Companies Inc. grew its position in shares of Southern Copper by 21.0% in the 2nd quarter. American Century Companies Inc. now owns 75,319 shares of the basic materials company’s stock valued at $7,620,000 after acquiring an additional 13,048 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of Southern Copper by 63.8% during the 2nd quarter. Prudential Financial Inc. now owns 7,363 shares of the basic materials company’s stock worth $745,000 after purchasing an additional 2,869 shares during the last quarter. Institutional investors and hedge funds own 7.94% of the company’s stock.

Insider Transactions at Southern Copper

In other Southern Copper news, Director Lerdo De Tejada Leon Contreras sold 9,326 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $209.56, for a total value of $1,954,344.91. Following the transaction, the director directly owned 605 shares of the company’s stock, valued at $126,783.04. This trade represents a 93.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bonilla Luis Miguel Palomino sold 193 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $174.60, for a total transaction of $33,697.80. Following the completion of the transaction, the director owned 1,707 shares of the company’s stock, valued at $298,042.20. The trade was a 10.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 9,526 shares of company stock worth $1,989,373 over the last quarter. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SCCO shares. Itau BBA Securities downgraded shares of Southern Copper from a “market perform” rating to an “underperform” rating and set a $124.94 target price for the company. in a research note on Monday, December 22nd. Zacks Research downgraded Southern Copper from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 8th. Scotiabank restated an “underperform” rating on shares of Southern Copper in a research note on Tuesday, January 27th. Morgan Stanley reaffirmed an “underweight” rating and issued a $154.69 price objective on shares of Southern Copper in a research report on Friday, January 30th. Finally, Wall Street Zen upgraded Southern Copper from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and eight have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Southern Copper currently has a consensus rating of “Reduce” and an average price target of $139.20.

Southern Copper Price Performance

NYSE:SCCO opened at $161.91 on Friday. Southern Copper Corporation has a 52 week low of $74.84 and a 52 week high of $223.88. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.40 and a current ratio of 3.89. The firm’s 50-day simple moving average is $189.78 and its 200 day simple moving average is $153.80. The firm has a market cap of $132.62 billion, a price-to-earnings ratio of 30.43, a P/E/G ratio of 1.67 and a beta of 1.03.

Southern Copper (NYSE:SCCO) last issued its quarterly earnings results on Wednesday, January 28th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.01. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.73 billion. Southern Copper had a return on equity of 41.97% and a net margin of 32.30%.During the same period in the previous year, the company posted $0.98 earnings per share. As a group, sell-side analysts predict that Southern Copper Corporation will post 4.66 earnings per share for the current year.

Southern Copper Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 10th were given a dividend of $1.00 per share. This is a positive change from Southern Copper’s previous quarterly dividend of $0.90. This represents a $4.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, February 10th. Southern Copper’s dividend payout ratio (DPR) is currently 75.19%.

Southern Copper Profile

Southern Copper Corporation (NYSE: SCCO) is a large, integrated copper producer whose operations span the full value chain from exploration and mining to smelting, refining and the sale of copper and other metal products. The company produces a range of copper products including copper concentrate and refined cathodes, and recovers valuable byproducts such as molybdenum, silver and zinc. Southern Copper concentrates on high-volume, long-life assets designed to support steady production and processing capabilities.

Southern Copper’s operations are concentrated in Peru and Mexico, where it owns and operates multiple large-scale mining and processing facilities.