6,009 Shares in Southern Copper Co. (NYSE:SCCO) Acquired by Farringdon Capital Ltd.

Farringdon Capital Ltd. bought a new position in shares of Southern Copper Co. (NYSE:SCCO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 6,009 shares of the basic materials company's stock, valued at approximately $548,000.

Other institutional investors also recently bought and sold shares of the company. Marshall Wace LLP lifted its stake in shares of Southern Copper by 49.6% in the fourth quarter. Marshall Wace LLP now owns 998,923 shares of the basic materials company's stock worth $91,032,000 after buying an additional 331,319 shares in the last quarter. Jump Financial LLC increased its holdings in shares of Southern Copper by 48.3% in the fourth quarter. Jump Financial LLC now owns 23,353 shares of the basic materials company's stock valued at $2,128,000 after purchasing an additional 7,607 shares during the last quarter. AGP Franklin LLC acquired a new position in Southern Copper during the fourth quarter worth $921,000. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Southern Copper in the 4th quarter worth $702,000. Finally, Canada Post Corp Registered Pension Plan purchased a new stake in shares of Southern Copper in the fourth quarter valued at about $4,800,000. 7.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SCCO has been the topic of several recent analyst reports. UBS Group decreased their target price 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. JPMorgan Chase & Co. reduced their price objective on shares of Southern Copper from $84.00 to $83.50 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Scotiabank lifted their price target on shares of Southern Copper from $52.00 to $72.00 and gave the company a "sector underperform" rating in a research report on Monday, March 10th. Two investment 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $91.50.

Southern Copper Trading Up 3.7 %

Southern Copper stock traded up $3.26 during trading on Wednesday, hitting $92.37. The company's stock had a trading volume of 612,653 shares, compared to its average volume of 1,219,746. Southern Copper Co. has a 1-year low of $74.84 and a 1-year high of $127.34. The stock's fifty day moving average is $90.92 and its 200 day moving average is $97.67. The stock has a market capitalization of $73.54 billion, a price-to-earnings ratio of 21.38, a P/E/G ratio of 1.90 and a beta of 1.04. 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 posted its earnings results on Wednesday, February 12th. The basic materials company reported $1.01 earnings per share (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%. As a group, equities research analysts predict that Southern Copper Co. will post 4.66 EPS for the current year.

Southern Copper Increases Dividend

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