American Century Companies Inc. Boosts Holdings in Southern Copper Co. (NYSE:SCCO)

American Century Companies Inc. boosted its holdings in shares of Southern Copper Co. (NYSE:SCCO - Free Report) by 6.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,279 shares of the basic materials company's stock after acquiring an additional 3,559 shares during the quarter. American Century Companies Inc.'s holdings in Southern Copper were worth $5,129,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. M&T Bank Corp increased its holdings in Southern Copper by 0.5% in the third quarter. M&T Bank Corp now owns 20,460 shares of the basic materials company's stock valued at $2,367,000 after purchasing an additional 105 shares during the period. Larson Financial Group LLC grew its position in shares of Southern Copper by 28.0% in the 4th quarter. Larson Financial Group LLC now owns 521 shares of the basic materials company's stock valued at $48,000 after buying an additional 114 shares during the last quarter. Cadence Wealth Management LLC increased its stake in shares of Southern Copper by 4.1% in the fourth quarter. Cadence Wealth Management LLC now owns 2,919 shares of the basic materials company's stock valued at $266,000 after buying an additional 116 shares during the period. Tyche Wealth Partners LLC raised its position in shares of 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 acquiring an additional 122 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its stake in shares of Southern Copper by 0.9% in the fourth quarter. Yousif Capital Management LLC now owns 14,390 shares of the basic materials company's stock worth $1,311,000 after acquiring an additional 122 shares during the period. 7.94% of the stock is currently owned by institutional investors and hedge funds.

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Southern Copper Stock Up 11.7 %

Southern Copper stock traded up $8.87 during midday trading on Wednesday, reaching $84.50. The stock had a trading volume of 2,247,698 shares, compared to its average volume of 1,215,223. The company has a fifty day moving average price of $92.39 and a two-hundred day moving average price of $99.56. The company has a market capitalization of $67.28 billion, a P/E ratio of 19.56, a PEG ratio of 1.90 and a beta of 1.04. The company has a current ratio of 2.77, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. Southern Copper Co. has a 12 month low of $74.75 and a 12 month high of $127.34.

Southern Copper (NYSE:SCCO - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.01). Southern Copper had a return on equity of 40.27% and a net margin of 29.53%. As a group, equities analysts expect 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. Investors of record on Tuesday, February 11th were issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.80 annualized dividend and a yield of 3.31%. This is an increase from Southern Copper's previous quarterly dividend of $0.60. Southern Copper's dividend payout ratio is 64.81%.

Wall Street Analysts Forecast Growth

SCCO has been the subject of a number of recent analyst reports. Morgan Stanley raised shares of Southern Copper from an "underweight" rating to an "equal weight" rating and decreased their target price for the company from $106.30 to $102.00 in a research report on Thursday, December 12th. UBS Group upgraded shares of Southern Copper from a "neutral" rating to a "buy" rating and set a $120.00 price objective for the company in a research report on Thursday, March 13th. Finally, Scotiabank boosted their target price on shares of Southern Copper from $52.00 to $72.00 and gave the company a "sector underperform" rating in a report on Monday, March 10th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $94.42.

Southern Copper 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.