Randolph Co Inc Acquires 1,183 Shares of Southern Copper Co. (NYSE:SCCO)

Randolph Co Inc boosted its holdings in shares of Southern Copper Co. (NYSE:SCCO) by 0.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 194,545 shares of the basic materials company’s stock after acquiring an additional 1,183 shares during the period. Southern Copper comprises approximately 2.0% of Randolph Co Inc’s holdings, making the stock its 24th largest position. Randolph Co Inc’s holdings in Southern Copper were worth $17,729,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SCCO. Larson Financial Group LLC grew its holdings in Southern Copper by 28.0% during the fourth quarter. Larson Financial Group LLC now owns 521 shares of the basic materials company’s stock worth $48,000 after buying an additional 114 shares in the last quarter. Cadence Wealth Management LLC lifted its position in shares of Southern Copper by 4.1% during the fourth quarter. Cadence Wealth Management LLC now owns 2,919 shares of the basic materials company’s stock valued at $266,000 after purchasing an additional 116 shares in the last quarter. Tyche Wealth Partners LLC boosted its holdings in Southern Copper by 0.6% during the fourth quarter. Tyche Wealth Partners LLC now owns 19,807 shares of the basic materials company’s stock worth $1,805,000 after purchasing an additional 122 shares during the last quarter. Yousif Capital Management LLC grew its position in Southern Copper by 0.9% in the 4th quarter. Yousif Capital Management LLC now owns 14,390 shares of the basic materials company’s stock worth $1,311,000 after purchasing an additional 122 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Southern Copper by 1.7% during the 4th quarter. Signaturefd LLC now owns 8,043 shares of the basic materials company’s stock worth $733,000 after buying an additional 133 shares in the last quarter. 7.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SCCO shares. UBS Group dropped their price target on Southern Copper from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. StockNews.com cut Southern Copper from a “buy” rating to a “hold” rating in a research note on Monday. JPMorgan Chase & Co. lowered their price objective on shares of Southern Copper from $84.00 to $83.50 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Scotiabank raised their price target on shares of Southern Copper from $52.00 to $72.00 and gave the stock a “sector underperform” rating in a research note on Monday, March 10th. Finally, Hsbc Global Res raised Southern Copper from a “moderate sell” rating to a “hold” rating in a report on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Southern Copper presently has an average rating of “Hold” and a consensus price target of $91.50.

Southern Copper Trading Down 0.5 %

Shares of SCCO stock opened at $93.78 on Tuesday. The stock has a market capitalization of $74.67 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 1.90 and a beta of 1.04. The company’s fifty day simple moving average is $90.67 and its two-hundred day simple moving average is $96.94. Southern Copper Co. has a 1 year low of $74.84 and a 1 year high of $127.34. 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 results on Friday, April 25th. The basic materials company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.14. The company had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Southern Copper had a return on equity of 40.27% and a net margin of 29.53%. As a group, analysts anticipate that Southern Copper Co. will post 4.66 earnings per share for the current year.

Southern Copper Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, May 19th. Stockholders of record on Monday, May 5th will be issued a $0.70 dividend. This represents a dividend yield of 2.98%. The ex-dividend date is Friday, May 2nd. Southern Copper’s payout ratio is 61.27%.

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.