Southern Copper Co. (NYSE:SCCO) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lessened its position in shares of Southern Copper Co. (NYSE:SCCO) by 76.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,084 shares of the basic materials company’s stock after selling 73,187 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Southern Copper were worth $1,987,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Viking Fund Management LLC purchased a new stake in Southern Copper during the 4th quarter worth $31,000. Venturi Wealth Management LLC boosted its position in shares of Southern Copper by 164.8% in the fourth quarter. Venturi Wealth Management LLC now owns 482 shares of the basic materials company’s stock worth $41,000 after buying an additional 300 shares during the period. Washington Trust Advisors Inc. acquired a new stake in shares of Southern Copper in the fourth quarter valued at about $45,000. Planned Solutions Inc. purchased a new stake in shares of Southern Copper during the 4th quarter valued at about $88,000. Finally, Allworth Financial LP raised its holdings in shares of Southern Copper by 277.7% during the 4th quarter. Allworth Financial LP now owns 1,065 shares of the basic materials company’s stock valued at $92,000 after buying an additional 783 shares during the period. 7.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Bonilla Luis Miguel Palomino sold 300 shares of the business’s stock in a transaction on 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 transaction, the director now owns 4,614 shares of the company’s stock, valued at $546,759. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 600 shares of company stock worth $63,430 in the last three months. 0.08% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. HSBC downgraded shares of Southern Copper from a “hold” rating to a “reduce” rating and set a $80.00 price objective for the company. in a research report on Monday, April 22nd. Scotiabank dropped their price target on shares of Southern Copper from $55.00 to $54.00 and set a “sector underperform” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. cut their price objective on shares of Southern Copper from $63.50 to $61.00 and set an “underweight” rating on the stock in a report on Thursday, March 21st. StockNews.com upgraded Southern Copper from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Finally, The Goldman Sachs Group boosted their price target 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 investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $90.33.

Southern Copper Stock Down 7.9 %

SCCO stock opened at $116.75 on Thursday. The firm has a market cap of $91.20 billion, a price-to-earnings ratio of 38.80, a PEG ratio of 1.48 and a beta of 1.27. Southern Copper Co. has a 1-year low of $64.66 and a 1-year high of $129.79. The firm has a fifty day moving average price of $112.78 and a two-hundred day moving average price of $91.60. 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 released its quarterly earnings data on Thursday, April 25th. The basic materials company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.17. Southern Copper had a net margin of 24.20% and a return on equity of 30.44%. The firm had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.50 billion. Research analysts predict that Southern Copper Co. will post 3.97 EPS for the current year.

Southern Copper Cuts Dividend

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

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.