Southern Copper Co. (NYSE:SCCO) Shares Acquired by Vantage Investment Partners LLC

Vantage Investment Partners LLC increased its holdings in Southern Copper Co. (NYSE:SCCO) by 0.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 114,567 shares of the basic materials company’s stock after buying an additional 412 shares during the period. Vantage Investment Partners LLC’s holdings in Southern Copper were worth $13,252,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ensign Peak Advisors Inc boosted its stake in Southern Copper by 1.0% during the 2nd quarter. Ensign Peak Advisors Inc now owns 10,558 shares of the basic materials company’s stock valued at $1,138,000 after purchasing an additional 108 shares during the period. Prudential PLC boosted its stake in Southern Copper by 1.0% during the 2nd quarter. Prudential PLC now owns 10,667 shares of the basic materials company’s stock valued at $1,149,000 after purchasing an additional 109 shares during the period. Tyche Wealth Partners LLC boosted its stake in Southern Copper by 0.6% during the 3rd quarter. Tyche Wealth Partners LLC now owns 19,685 shares of the basic materials company’s stock valued at $2,277,000 after purchasing an additional 109 shares during the period. Greenwood Capital Associates LLC boosted its holdings in shares of Southern Copper by 0.7% in the third quarter. Greenwood Capital Associates LLC now owns 15,722 shares of the basic materials company’s stock valued at $1,819,000 after acquiring an additional 112 shares in the last quarter. Finally, Inspire Advisors LLC boosted its holdings in shares of Southern Copper by 3.9% in the third quarter. Inspire Advisors LLC now owns 3,001 shares of the basic materials company’s stock valued at $347,000 after acquiring an additional 113 shares in the last quarter. 7.94% of the stock is owned by institutional investors and hedge funds.

Southern Copper Stock Down 2.1 %

SCCO stock opened at $104.82 on Tuesday. Southern Copper Co. has a 12-month low of $70.13 and a 12-month high of $129.79. The company has a quick ratio of 2.31, a current ratio of 2.77 and a debt-to-equity ratio of 0.64. The company has a market cap of $82.34 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 1.10 and a beta of 1.18. The company has a 50 day moving average of $109.26 and a two-hundred day moving average of $109.99.

Southern Copper Dividend Announcement

The business also recently announced a — dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 6th will be given a $0.62 dividend. The ex-dividend date is Wednesday, November 6th. This represents a yield of 2.1%. Southern Copper’s payout ratio is 72.09%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Scotiabank decreased their price objective on shares of Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating for the company in a report on Tuesday, October 15th. Morgan Stanley increased their target price on shares of Southern Copper from $97.00 to $100.00 and gave the company an “underweight” rating in a research note on Thursday, September 19th. Finally, Citigroup increased their target price on shares of Southern Copper from $99.44 to $100.00 and gave the company a “sell” rating in a research note on Wednesday, October 2nd. Six research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $90.63.

About Southern Copper

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.