Autumn Glory Partners LLC Has $245,000 Holdings in Southern Copper Co. (NYSE:SCCO)

Autumn Glory Partners LLC lessened its holdings in shares of Southern Copper Co. (NYSE:SCCO - Free Report) by 49.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,687 shares of the basic materials company's stock after selling 2,655 shares during the quarter. Autumn Glory Partners LLC's holdings in Southern Copper were worth $245,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of SCCO. Fisher Asset Management LLC grew its holdings in shares of Southern Copper by 10.6% during the third quarter. Fisher Asset Management LLC now owns 2,963,572 shares of the basic materials company's stock worth $342,796,000 after buying an additional 283,562 shares during the last quarter. abrdn plc grew its holdings in Southern Copper by 4.4% in the fourth quarter. abrdn plc now owns 2,849,638 shares of the basic materials company's stock valued at $260,428,000 after purchasing an additional 118,909 shares during the last quarter. State Street Corp increased its holdings in Southern Copper by 1.0% during the 3rd quarter. State Street Corp now owns 2,728,802 shares of the basic materials company's stock valued at $315,641,000 after acquiring an additional 27,358 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Southern Copper by 74.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,402,983 shares of the basic materials company's stock worth $162,283,000 after purchasing an additional 599,610 shares during the last quarter. Finally, Empower Advisory Group LLC lifted its position in shares of Southern Copper by 3.3% in the third quarter. Empower Advisory Group LLC now owns 1,004,060 shares of the basic materials company's stock valued at $116,140,000 after acquiring an additional 32,314 shares in the last quarter. 7.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on SCCO. Morgan Stanley upgraded Southern Copper from an "underweight" rating to an "equal weight" rating and dropped their target price for the company from $106.30 to $102.00 in a research note on Thursday, December 12th. JPMorgan Chase & Co. upgraded Southern Copper from an "underweight" rating to a "neutral" rating and set a $92.50 target price on the stock in a report on Monday, December 2nd. Four research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Southern Copper has a consensus rating of "Hold" and a consensus target price of $94.81.

Southern Copper Stock Performance

SCCO traded down $1.03 on Wednesday, hitting $96.40. The company had a trading volume of 934,261 shares, compared to its average volume of 1,189,396. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.77 and a quick ratio of 2.31. The company's fifty day moving average price is $94.98 and its 200 day moving average price is $101.98. The stock has a market cap of $75.73 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 1.89 and a beta of 1.13. Southern Copper Co. has a 1-year low of $78.82 and a 1-year high of $129.79.

Southern Copper (NYSE:SCCO - Get Free Report) last released its earnings results 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%. Equities analysts predict that Southern Copper Co. will post 4.66 earnings per share for the current fiscal year.

Southern Copper Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Tuesday, February 11th will be paid a dividend of $0.70 per share. This is a boost from Southern Copper's previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Tuesday, February 11th. Southern Copper's dividend payout ratio is 64.81%.

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.