Southern Copper Co. (NYSE:SCCO) Shares Sold by HUB Investment Partners LLC

HUB Investment Partners LLC trimmed its holdings in shares of Southern Copper Co. (NYSE:SCCO - Free Report) by 41.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,815 shares of the basic materials company's stock after selling 4,107 shares during the period. HUB Investment Partners LLC's holdings in Southern Copper were worth $530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. M&T Bank Corp raised its stake in Southern Copper by 0.5% during the 3rd quarter. M&T Bank Corp now owns 20,460 shares of the basic materials company's stock worth $2,367,000 after acquiring an additional 105 shares in the last quarter. Larson Financial Group LLC lifted 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 purchasing an additional 114 shares during the last quarter. Cadence Wealth Management LLC lifted its holdings in shares of Southern Copper by 4.1% in the 4th quarter. Cadence Wealth Management LLC now owns 2,919 shares of the basic materials company's stock valued at $266,000 after purchasing an additional 116 shares during the last quarter. Tyche Wealth Partners LLC grew its stake in Southern Copper by 0.6% during the 4th quarter. Tyche Wealth Partners LLC now owns 19,807 shares of the basic materials company's stock worth $1,805,000 after buying an additional 122 shares during the last quarter. Finally, Yousif Capital Management LLC increased its position in Southern Copper by 0.9% during the fourth quarter. Yousif Capital Management LLC now owns 14,390 shares of the basic materials company's stock worth $1,311,000 after buying an additional 122 shares during the period. 7.94% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Morgan Stanley raised shares of Southern Copper from an "underweight" rating to an "equal weight" rating and cut their target price for the company from $106.30 to $102.00 in a report on Thursday, December 12th. Scotiabank boosted their price target on Southern Copper from $52.00 to $72.00 and gave the company a "sector underperform" rating in a research report on Monday, March 10th. JPMorgan Chase & Co. raised Southern Copper from an "underweight" rating to a "neutral" rating and set a $92.50 price objective for the company in a research report on Monday, December 2nd. Finally, UBS Group raised Southern Copper from a "neutral" rating to a "buy" rating and set a $120.00 target price on the stock in a report on Thursday, March 13th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $94.42.

Southern Copper Stock Performance

NYSE SCCO traded down $3.79 on Wednesday, hitting $97.69. 1,939,844 shares of the company's stock were exchanged, compared to its average volume of 1,166,669. The firm has a market cap of $77.78 billion, a price-to-earnings ratio of 22.61, a P/E/G ratio of 1.90 and a beta of 1.12. The firm's 50-day moving average price is $94.48 and its two-hundred day moving average price is $100.70. Southern Copper Co. has a fifty-two week low of $84.33 and a fifty-two week high of $127.34. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.77 and a quick ratio of 2.31.

Southern Copper (NYSE:SCCO - Get Free Report) last announced its quarterly earnings data 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, research analysts expect that Southern Copper Co. will post 4.66 EPS for the current year.

Southern Copper Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Tuesday, February 11th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend was Tuesday, February 11th. This is an increase from Southern Copper's previous quarterly dividend of $0.60. Southern Copper's dividend payout ratio (DPR) is currently 64.81%.

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.