Strengthening Families & Communities LLC Has $4.17 Million Position in Southern Copper Co. (NYSE:SCCO)

Strengthening Families & Communities LLC lifted its holdings in shares of Southern Copper Co. (NYSE:SCCO) by 3.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 36,088 shares of the basic materials company’s stock after purchasing an additional 1,097 shares during the period. Southern Copper accounts for about 1.1% of Strengthening Families & Communities LLC’s portfolio, making the stock its 20th largest position. Strengthening Families & Communities LLC’s holdings in Southern Copper were worth $4,174,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital World Investors acquired a new position in Southern Copper during the 1st quarter worth $340,373,000. Price T Rowe Associates Inc. MD raised its position in shares of Southern Copper by 18.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,771,332 shares of the basic materials company’s stock worth $827,804,000 after acquiring an additional 1,192,111 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in shares of Southern Copper by 1,300.4% during the second quarter. Los Angeles Capital Management LLC now owns 443,285 shares of the basic materials company’s stock valued at $47,760,000 after acquiring an additional 411,630 shares during the period. International Assets Investment Management LLC boosted its holdings in Southern Copper by 11,510.5% in the third quarter. International Assets Investment Management LLC now owns 189,716 shares of the basic materials company’s stock valued at $21,944,000 after acquiring an additional 188,082 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its position in Southern Copper by 182.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 278,119 shares of the basic materials company’s stock worth $29,625,000 after purchasing an additional 179,590 shares during the period. 7.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SCCO has been the topic of a number of research reports. Citigroup upped their target price on shares of Southern Copper from $99.44 to $100.00 and gave the company a “sell” rating in a research report on Wednesday, October 2nd. 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 report on Tuesday, October 15th. Finally, Morgan Stanley raised their price objective 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. Six research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Southern Copper presently has a consensus rating of “Hold” and an average price target of $90.63.

Southern Copper Stock Down 1.0 %

Shares of NYSE SCCO opened at $99.24 on Monday. Southern Copper Co. has a 52-week low of $70.63 and a 52-week high of $129.79. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77. The stock has a market cap of $77.96 billion, a P/E ratio of 25.55, a P/E/G ratio of 1.02 and a beta of 1.18. The firm has a 50 day moving average price of $109.72 and a 200 day moving average price of $109.47.

Southern Copper Dividend Announcement

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

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.