Southern Copper Co. (NYSE:SCCO) Shares Acquired by Capital World Investors

Capital World Investors boosted its position in shares of Southern Copper Co. (NYSE:SCCO - Free Report) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,232,245 shares of the basic materials company's stock after buying an additional 24,787 shares during the quarter. Capital World Investors owned 0.54% of Southern Copper worth $385,684,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of SCCO. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Southern Copper during the 4th quarter worth about $30,000. Deseret Mutual Benefit Administrators lifted its holdings in 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 buying an additional 257 shares in the last quarter. IFP Advisors Inc increased its holdings in Southern Copper by 143.4% during the 4th 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 period. Spire Wealth Management bought a new position in shares of Southern Copper during the fourth quarter valued at approximately $47,000. Finally, Larson Financial Group LLC increased its holdings 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 acquiring an additional 114 shares during the period. Institutional investors own 7.94% of the company's stock.

Southern Copper Price Performance

Shares of NYSE:SCCO traded up $3.19 during midday trading on Wednesday, hitting $92.30. The company's stock had a trading volume of 1,578,354 shares, compared to its average volume of 1,220,858. The company has a market cap of $73.49 billion, a P/E ratio of 21.36, a price-to-earnings-growth ratio of 1.90 and a beta of 1.04. Southern Copper Co. has a 12-month low of $74.84 and a 12-month high of $127.34. The business's 50 day simple moving average is $90.92 and its 200 day simple moving average is $97.67. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77.

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%. On average, analysts forecast that Southern Copper Co. will post 4.66 EPS for the current year.

Southern Copper Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Tuesday, February 11th were given a dividend of $0.70 per share. This is a boost from Southern Copper's previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.03%. Southern Copper's payout ratio is presently 64.81%.

Analyst Upgrades and Downgrades

SCCO has been the topic of several recent analyst reports. Scotiabank upped their price objective 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. UBS Group lowered their price target on shares of Southern Copper from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. dropped their price objective on Southern Copper from $84.00 to $83.50 and set a "neutral" rating on the stock in a report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Southern Copper presently has a consensus rating of "Hold" and a consensus price target of $91.50.

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.