Southern Copper Co. (NYSE:SCCO) Shares Purchased by ORG Partners LLC

ORG Partners LLC grew its holdings in shares of Southern Copper Co. (NYSE:SCCO) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,389 shares of the basic materials company’s stock after purchasing an additional 411 shares during the period. ORG Partners LLC’s holdings in Southern Copper were worth $1,040,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. raised its stake in Southern Copper by 7.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 230,495 shares of the basic materials company’s stock worth $26,661,000 after acquiring an additional 15,386 shares during the period. Two Sigma Advisers LP grew its holdings in shares of Southern Copper by 384.4% during the third quarter. Two Sigma Advisers LP now owns 90,173 shares of the basic materials company’s stock valued at $10,430,000 after purchasing an additional 71,558 shares during the last quarter. Morse Asset Management Inc acquired a new stake in shares of Southern Copper during the 3rd quarter worth approximately $1,397,000. JPMorgan Chase & Co. lifted its holdings in shares of Southern Copper by 74.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,402,983 shares of the basic materials company’s stock worth $162,283,000 after purchasing an additional 599,610 shares during the last quarter. Finally, Gateway Advisory LLC acquired a new position in Southern Copper during the 2nd quarter valued at approximately $625,000. 7.94% of the stock is currently owned by institutional investors.

Southern Copper Price Performance

Shares of NYSE SCCO traded up $0.60 during mid-day trading on Friday, reaching $96.20. 253,997 shares of the company traded hands, compared to its average volume of 817,453. The firm has a market cap of $75.57 billion, a PE ratio of 24.77, a price-to-earnings-growth ratio of 1.56 and a beta of 1.14. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.77 and a quick ratio of 2.31. Southern Copper Co. has a fifty-two week low of $77.14 and a fifty-two week high of $129.79. The stock has a fifty day simple moving average of $99.56 and a 200-day simple moving average of $104.75.

Southern Copper Dividend Announcement

The company also recently disclosed a — dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 6th were issued a $0.62 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a dividend yield of 2.1%. Southern Copper’s dividend payout ratio (DPR) is 72.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Morgan Stanley upgraded Southern Copper from an “underweight” rating to an “equal weight” rating and cut their target price for the company from $106.30 to $102.00 in a research note on Thursday, December 12th. Scotiabank cut their price objective on shares of Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating on the stock in a research report on Tuesday, October 15th. Citigroup upped their target price 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. Finally, JPMorgan Chase & Co. raised Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 price target on the stock in a report on Monday, December 2nd. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $94.81.

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.