Healthcare of Ontario Pension Plan Trust Fund Acquires New Position in Southern Copper Co. (NYSE:SCCO)

Healthcare of Ontario Pension Plan Trust Fund bought a new position in Southern Copper Co. (NYSE:SCCO - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 7,989 shares of the basic materials company's stock, valued at approximately $924,000.

Several other large investors have also recently bought and sold shares of SCCO. Creative Financial Designs Inc. ADV grew its holdings in Southern Copper by 172.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 223 shares of the basic materials company's stock worth $26,000 after acquiring an additional 141 shares during the period. Itau Unibanco Holding S.A. bought a new stake in Southern Copper during the 2nd quarter worth approximately $31,000. McClarren Financial Advisors Inc. lifted its stake in Southern Copper by 169.2% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 288 shares of the basic materials company's stock valued at $33,000 after acquiring an additional 181 shares in the last quarter. Oakworth Capital Inc. bought a new position in Southern Copper during the 3rd quarter valued at $42,000. Finally, Prospera Private Wealth LLC purchased a new position in Southern Copper during the 3rd quarter worth $47,000. 7.94% of the stock is currently owned by institutional investors.

Southern Copper Trading Up 1.3 %

NYSE SCCO traded up $1.28 during trading on Tuesday, hitting $101.33. The company had a trading volume of 872,883 shares, compared to its average volume of 1,131,217. Southern Copper Co. has a one year low of $70.92 and a one year high of $129.79. The company has a current ratio of 2.77, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. The company's fifty day moving average is $110.08 and its 200-day moving average is $108.28. The company has a market cap of $79.60 billion, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 1.55 and a beta of 1.14.

Southern Copper Announces Dividend

The company also recently disclosed a -- dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 6th were given a dividend of $0.62 per share. This represents a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, November 6th. Southern Copper's dividend payout ratio is currently 72.09%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SCCO shares. Citigroup lifted their target price on shares of Southern Copper from $99.44 to $100.00 and gave the stock a "sell" rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. upgraded Southern Copper from an "underweight" rating to a "neutral" rating and set a $92.50 target price for the company in a research note on Monday. Scotiabank decreased their price target on shares of Southern Copper from $54.00 to $52.00 and set a "sector underperform" rating on the stock in a report on Tuesday, October 15th. Finally, Morgan Stanley raised their target price on shares of Southern Copper from $97.00 to $100.00 and gave the company an "underweight" rating in a research note on Thursday, September 19th. Five research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $94.56.

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.