Bonilla Luis Miguel Palomino Sells 101 Shares of Southern Copper Co. (NYSE:SCCO) Stock

Southern Copper Co. (NYSE:SCCO) Director Bonilla Luis Miguel Palomino sold 101 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $103.68, for a total value of $10,471.68. Following the completion of the sale, the director now owns 2,513 shares in the company, valued at $260,547.84. The trade was a 3.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Bonilla Luis Miguel Palomino also recently made the following trade(s):

• On Thursday, September 26th, Bonilla Luis Miguel Palomino sold 100 shares of Southern Copper stock. The shares were sold at an average price of $119.50, for a total value of $11,950.00.
• On Tuesday, September 17th, Bonilla Luis Miguel Palomino sold 100 shares of Southern Copper stock. The stock was sold at an average price of $100.00, for a total value of $10,000.00.
• On Monday, August 26th, Bonilla Luis Miguel Palomino sold 100 shares of Southern Copper stock. The stock was sold at an average price of $105.13, for a total transaction of $10,513.00.

Southern Copper Stock Performance

Shares of SCCO traded down $0.81 during mid-day trading on Wednesday, hitting $102.98. 775,907 shares of the company’s stock were exchanged, compared to its average volume of 1,139,100. The company has a quick ratio of 2.31, a current ratio of 2.77 and a debt-to-equity ratio of 0.64. Southern Copper Co. has a 52 week low of $70.63 and a 52 week high of $129.79. The firm has a market cap of $80.89 billion, a price-to-earnings ratio of 26.73, a price-to-earnings-growth ratio of 1.02 and a beta of 1.18. The stock’s 50-day simple moving average is $110.04 and its 200-day simple moving average is $109.31.

Southern Copper Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SCCO. Scotiabank decreased their price target on Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating for the company in a research note on Tuesday, October 15th. 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. Finally, Morgan Stanley lifted their price objective on Southern Copper from $97.00 to $100.00 and gave the company an “underweight” rating in a report on Thursday, September 19th. Six investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $90.63.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Creative Financial Designs Inc. ADV raised its position in shares of Southern Copper by 172.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 223 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 141 shares during the period. Itau Unibanco Holding S.A. bought a new stake in Southern Copper during the 2nd quarter valued at $31,000. McClarren Financial Advisors Inc. raised its holdings in Southern Copper by 169.2% during the third quarter. McClarren Financial Advisors Inc. now owns 288 shares of the basic materials company’s stock worth $33,000 after buying an additional 181 shares during the last quarter. Oakworth Capital Inc. acquired a new position in shares of Southern Copper during the third quarter valued at about $42,000. Finally, Prospera Private Wealth LLC acquired a new position in shares of Southern Copper during the third quarter valued at about $47,000. 7.94% of the stock is owned by institutional investors and hedge funds.

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.