Sava Infond d.o.o. Acquires Shares of 20,053 Southern Copper Co. (NYSE:SCCO)

Sava Infond d.o.o. acquired a new position in shares of Southern Copper Co. (NYSE:SCCO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,053 shares of the basic materials company's stock, valued at approximately $1,827,000.

Several other large investors also recently added to or reduced their stakes in SCCO. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Southern Copper during the 4th quarter worth $30,000. Deseret Mutual Benefit Administrators raised its stake in Southern Copper by 210.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 379 shares of the basic materials company's stock worth $35,000 after purchasing an additional 257 shares during the period. IFP Advisors Inc boosted its holdings in 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 last quarter. Larson Financial Group LLC grew its stake in shares of Southern Copper by 578.3% in the 3rd quarter. Larson Financial Group LLC now owns 407 shares of the basic materials company's stock valued at $47,000 after buying an additional 347 shares during the period. Finally, Spire Wealth Management purchased a new stake in shares of Southern Copper in the 4th quarter valued at approximately $47,000. 7.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SCCO has been the topic of several research analyst reports. UBS Group upgraded shares of Southern Copper from a "neutral" rating to a "buy" rating and set a $120.00 price objective on the stock in a report on Thursday, March 13th. JPMorgan Chase & Co. upgraded shares of Southern Copper from an "underweight" rating to a "neutral" rating and set a $92.50 price target for the company in a research report on Monday, December 2nd. Morgan Stanley upgraded shares of Southern Copper from an "underweight" rating to an "equal weight" rating and decreased their price objective for the stock from $106.30 to $102.00 in a report on Thursday, December 12th. Finally, Scotiabank boosted their target price on Southern Copper from $52.00 to $72.00 and gave the company a "sector underperform" rating in a research report on Monday, March 10th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $94.42.

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Southern Copper Stock Down 1.4 %

SCCO traded down $1.33 during trading hours on Monday, hitting $92.81. 308,405 shares of the company's stock were exchanged, compared to its average volume of 1,375,593. The firm has a market cap of $73.89 billion, a P/E ratio of 21.50, a price-to-earnings-growth 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 current ratio of 2.77, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. The firm has a 50 day moving average of $94.41 and a 200 day moving average of $100.72.

Southern Copper (NYSE:SCCO - Get Free Report) last posted 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 return on equity of 40.27% and a net margin of 29.53%. Analysts predict that Southern Copper Co. will post 4.66 EPS for the current fiscal year.

Southern Copper Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Tuesday, February 11th were given a $0.70 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.80 dividend on an annualized basis and a yield of 3.02%. This is a positive change from Southern Copper's previous quarterly dividend of $0.60. Southern Copper's dividend payout ratio (DPR) is currently 64.81%.

About Southern Copper

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.