Southern Copper Co. (NYSE:SCCO) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG lifted its position in Southern Copper Co. (NYSE:SCCO) by 90.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 190,794 shares of the basic materials company’s stock after purchasing an additional 90,432 shares during the quarter. Deutsche Bank AG’s holdings in Southern Copper were worth $17,387,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. purchased a new position in Southern Copper during the 4th quarter worth approximately $30,000. Deseret Mutual Benefit Administrators increased its stake in shares of Southern Copper by 210.7% in the fourth 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 during the period. IFP Advisors Inc raised its holdings in shares of Southern Copper by 143.4% during the fourth quarter. IFP Advisors Inc now owns 477 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 281 shares during the last quarter. Spire Wealth Management purchased a new stake in Southern Copper in the fourth quarter valued at $47,000. Finally, Larson Financial Group LLC grew its position 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 purchasing an additional 114 shares during the period. Institutional investors and hedge funds own 7.94% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Scotiabank boosted their price objective on Southern Copper from $52.00 to $72.00 and gave the company a “sector underperform” rating in a report on Monday, March 10th. StockNews.com upgraded shares of Southern Copper from a “hold” rating to a “buy” rating in a research report on Monday. JPMorgan Chase & Co. dropped their price target on shares of Southern Copper from $84.00 to $83.50 and set a “neutral” rating on the stock in a research note 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. Finally, UBS Group dropped their target price on shares of Southern Copper from $120.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Southern Copper has a consensus rating of “Hold” and an average price target of $91.50.

Southern Copper Stock Performance

NYSE SCCO opened at $93.36 on Thursday. 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’s fifty day moving average is $90.51 and its two-hundred day moving average is $95.24. The firm has a market capitalization of $74.33 billion, a P/E ratio of 21.61, a price-to-earnings-growth ratio of 1.90 and a beta of 1.05. Southern Copper Co. has a fifty-two week low of $74.11 and a fifty-two week high of $126.09.

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. Southern Copper had a net margin of 29.53% and a return on equity of 40.27%. The firm had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.05 billion. On average, research analysts anticipate that Southern Copper Co. will post 4.66 earnings per share for the current year.

Southern Copper Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, May 19th. Shareholders of record on Monday, May 5th will be given 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 currently 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.