Benjamin Edwards Inc. Purchases 757 Shares of Southern Copper Co. (NYSE:SCCO)

Benjamin Edwards Inc. grew its position in Southern Copper Co. (NYSE:SCCO) by 14.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,860 shares of the basic materials company’s stock after purchasing an additional 757 shares during the period. Benjamin Edwards Inc.’s holdings in Southern Copper were worth $534,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. bought a new position in Southern Copper during the fourth quarter worth about $30,000. Deseret Mutual Benefit Administrators lifted its holdings in shares of Southern Copper by 210.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 379 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 257 shares in the last quarter. IFP Advisors Inc grew its position in shares of Southern Copper by 143.4% in 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 during the period. Spire Wealth Management bought a new stake in Southern Copper during the 4th quarter worth approximately $47,000. Finally, Larson Financial Group LLC raised its holdings in Southern Copper by 28.0% during the 4th 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 during the period. 7.94% of the stock is owned by institutional investors.

Southern Copper Stock Up 1.4 %

NYSE:SCCO opened at $89.34 on Friday. The firm has a market capitalization of $71.13 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 1.90 and a beta of 1.05. 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 twelve month low of $74.11 and a twelve month high of $126.09. The stock’s 50 day moving average price is $90.37 and its two-hundred day moving average price is $95.68.

Southern Copper (NYSE:SCCO) last posted its quarterly earnings results on Friday, April 25th. The basic materials company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.14. The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.05 billion. Southern Copper had a net margin of 29.53% and a return on equity of 40.27%. Equities research analysts expect that Southern Copper Co. will post 4.66 earnings per share for the current fiscal year.

Southern Copper Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently commented on SCCO. JPMorgan Chase & Co. dropped their price objective on shares of Southern Copper from $84.00 to $83.50 and set a “neutral” rating on the stock in a report on Monday, April 14th. Hsbc Global Res upgraded Southern Copper from a “moderate sell” rating to a “hold” rating in a report on Thursday, April 24th. Scotiabank increased their price objective on Southern Copper from $52.00 to $72.00 and gave the stock a “sector underperform” rating in a report on Monday, March 10th. StockNews.com cut Southern Copper from a “buy” rating to a “hold” rating in a research note on Monday, April 28th. Finally, UBS Group decreased their price target on shares of Southern Copper from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $91.50.

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.