denkapparat Operations GmbH Makes New $319,000 Investment in Southern Copper Co. (NYSE:SCCO)

denkapparat Operations GmbH bought a new stake in shares of Southern Copper Co. (NYSE:SCCO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,500 shares of the basic materials company's stock, valued at approximately $319,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. acquired a new position in Southern Copper during the 4th quarter valued at about $30,000. Deseret Mutual Benefit Administrators raised its position in shares of Southern Copper by 210.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 379 shares of the basic materials company's stock worth $35,000 after buying an additional 257 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of Southern Copper by 143.4% in the 4th quarter. IFP Advisors Inc now owns 477 shares of the basic materials company's stock worth $43,000 after acquiring an additional 281 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Southern Copper by 578.3% in the third quarter. Larson Financial Group LLC now owns 407 shares of the basic materials company's stock valued at $47,000 after acquiring an additional 347 shares in the last quarter. Finally, Spire Wealth Management acquired a new position in shares of Southern Copper during the fourth quarter valued at approximately $47,000. 7.94% of the stock is currently owned by institutional investors and hedge funds.

Southern Copper Stock Down 0.0 %

NYSE SCCO traded down $0.00 during trading on Tuesday, reaching $93.46. 281,207 shares of the company's stock were exchanged, compared to its average volume of 1,189,805. 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 fifty-two week low of $84.33 and a fifty-two week high of $127.34. The company's fifty day simple moving average is $94.32 and its 200-day simple moving average is $100.69. The firm has a market capitalization of $74.41 billion, a PE ratio of 21.63, a P/E/G ratio of 1.90 and a beta of 1.12.

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Southern Copper (NYSE:SCCO - Get Free Report) last issued its earnings results on Wednesday, February 12th. The basic materials company reported $1.01 EPS for the quarter, missing analysts' consensus estimates of $1.02 by ($0.01). Southern Copper had a net margin of 29.53% and a return on equity of 40.27%. Sell-side analysts predict that Southern Copper Co. will post 4.66 EPS for the current year.

Southern Copper Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Tuesday, February 11th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.00%. The ex-dividend date was Tuesday, February 11th. This is a positive change from Southern Copper's previous quarterly dividend of $0.60. Southern Copper's payout ratio is presently 64.81%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. raised Southern Copper from an "underweight" rating to a "neutral" rating and set a $92.50 price target for the company in a research note on Monday, December 2nd. Scotiabank lifted their target price on Southern Copper from $52.00 to $72.00 and gave the stock a "sector underperform" rating in a report on Monday, March 10th. UBS Group raised shares of Southern Copper from a "neutral" rating to a "buy" rating and set a $120.00 price target for the company in a report on Thursday, March 13th. Finally, Morgan Stanley raised Southern Copper from an "underweight" rating to an "equal weight" rating and dropped their price target for the company from $106.30 to $102.00 in a report on Thursday, December 12th. Three investment 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. Based on data from MarketBeat.com, Southern Copper presently has a consensus rating of "Hold" and a consensus 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.