Kesler Norman & Wride LLC Takes Position in Southern Copper Co. (NYSE:SCCO)

Kesler Norman & Wride LLC acquired a new stake in shares of Southern Copper Co. (NYSE:SCCO - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 4,186 shares of the basic materials company's stock, valued at approximately $382,000.

Several other hedge funds have also bought and sold shares of SCCO. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Southern Copper during the 4th quarter worth approximately $30,000. Deseret Mutual Benefit Administrators lifted its stake in Southern Copper by 210.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 379 shares of the basic materials company's stock worth $35,000 after purchasing an additional 257 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of 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 acquiring an additional 281 shares during the last quarter. Spire Wealth Management purchased a new stake in shares of Southern Copper during the fourth quarter valued at $47,000. Finally, Larson Financial Group LLC grew its stake in Southern Copper by 28.0% in the 4th quarter. Larson Financial Group LLC now owns 521 shares of the basic materials company's stock worth $48,000 after acquiring an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 7.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SCCO shares. Morgan Stanley raised Southern Copper from an "underweight" rating to an "equal weight" rating and decreased their target price for the company from $106.30 to $102.00 in a research report on Thursday, December 12th. Scotiabank lifted their price objective on Southern Copper from $52.00 to $72.00 and gave the company a "sector underperform" rating in a report on Monday, March 10th. Finally, UBS Group raised shares of Southern Copper from a "neutral" rating to a "buy" rating and set a $120.00 target price on the stock in a research report on Thursday, March 13th. Three research 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. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $94.42.

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Southern Copper Stock Up 0.7 %

NYSE SCCO traded up $0.57 on Monday, hitting $78.96. The stock had a trading volume of 1,273,508 shares, compared to its average volume of 1,202,024. The business's fifty day moving average price is $93.61 and its 200 day moving average price is $100.37. Southern Copper Co. has a 52-week low of $74.92 and a 52-week high of $127.34. The stock has a market cap of $62.86 billion, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 1.90 and a beta of 1.04. 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 issued its quarterly 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%. Equities research analysts anticipate that Southern Copper Co. will post 4.66 earnings per share for the current year.

Southern Copper Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Tuesday, February 11th were issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, February 11th. This is a positive change from Southern Copper's previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.55%. Southern Copper's payout ratio is 64.81%.

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.