Southern Copper Co. (NYSE:SCCO) Shares Bought by Saturna Capital Corp

Saturna Capital Corp grew its stake in shares of Southern Copper Co. (NYSE:SCCO) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,943 shares of the basic materials company’s stock after purchasing an additional 270 shares during the quarter. Saturna Capital Corp’s holdings in Southern Copper were worth $4,005,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of SCCO. Deseret Mutual Benefit Administrators lifted its position in Southern Copper by 210.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 379 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 257 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Southern Copper by 578.3% during the third quarter. Larson Financial Group LLC now owns 407 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 347 shares during the period. Prospera Private Wealth LLC acquired a new position in shares of Southern Copper during the third quarter worth $47,000. Planning Capital Management Corp purchased a new position in shares of Southern Copper in the third quarter valued at $52,000. Finally, IFP Advisors Inc grew its holdings in Southern Copper by 143.4% during the 4th quarter. IFP Advisors Inc now owns 477 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 281 shares in the last quarter. Hedge funds and other institutional investors own 7.94% of the company’s stock.

Southern Copper Stock Performance

Southern Copper stock opened at $88.74 on Wednesday. The company has a market cap of $69.71 billion, a PE ratio of 20.54, a P/E/G ratio of 1.90 and a beta of 1.12. Southern Copper Co. has a 12 month low of $84.33 and a 12 month high of $129.79. The company has a fifty day moving average price of $93.72 and a two-hundred day moving average price of $100.87. 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 (NYSE:SCCO) last announced its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.01). Southern Copper had a net margin of 29.53% and a return on equity of 40.27%. Research analysts expect that Southern Copper Co. will post 4.66 earnings per share for the current year.

Southern Copper Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Tuesday, February 11th were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.80 dividend on an annualized basis and a yield of 3.16%. This is a positive change from Southern Copper’s previous quarterly dividend of $0.60. Southern Copper’s payout ratio is currently 64.81%.

Analysts Set New Price Targets

SCCO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upgraded shares of Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 price objective on the stock in a report on Monday, December 2nd. Scotiabank boosted their price target on Southern Copper from $52.00 to $72.00 and gave the stock a “sector underperform” rating in a research note on Monday. Finally, Morgan Stanley upgraded Southern Copper from an “underweight” rating to an “equal weight” rating and lowered their price objective for the company from $106.30 to $102.00 in a research note on Thursday, December 12th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $97.31.

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.