Mawer Investment Management Ltd. Has $308,000 Stock Position in Southern Copper Co. (NYSE:SCCO)

Mawer Investment Management Ltd. reduced its stake in Southern Copper Co. (NYSE:SCCO - Free Report) by 99.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,384 shares of the basic materials company's stock after selling 1,605,738 shares during the period. Mawer Investment Management Ltd.'s holdings in Southern Copper were worth $308,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. M&T Bank Corp raised its holdings in shares of 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 valued at $2,367,000 after buying an additional 105 shares during the period. Larson Financial Group LLC grew its holdings in Southern Copper by 28.0% during 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 in the last quarter. Cadence Wealth Management LLC increased its stake in Southern Copper by 4.1% during the 4th quarter. Cadence Wealth Management LLC now owns 2,919 shares of the basic materials company's stock worth $266,000 after buying an additional 116 shares during the period. Tyche Wealth Partners LLC boosted its position in Southern Copper by 0.6% in the 4th quarter. Tyche Wealth Partners LLC now owns 19,807 shares of the basic materials company's stock valued at $1,805,000 after buying an additional 122 shares during the last quarter. Finally, Yousif Capital Management LLC increased its position in shares of 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 acquiring an additional 122 shares during the last quarter. 7.94% of the stock is owned by hedge funds and other institutional investors.

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Southern Copper Stock Performance

Shares of SCCO traded up $0.51 during midday trading on Tuesday, hitting $93.97. 1,138,295 shares of the stock traded hands, compared to its average volume of 1,194,629. 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 Co. has a 1-year low of $84.33 and a 1-year high of $127.34. The business's 50 day moving average price is $94.32 and its two-hundred day moving average price is $100.69. The firm has a market capitalization of $74.82 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 1.90 and a beta of 1.12.

Southern Copper (NYSE:SCCO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.01 earnings per share for the quarter, missing the consensus estimate 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 predict that Southern Copper Co. will post 4.66 EPS for the current fiscal 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 is an increase from Southern Copper's previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a yield of 2.98%. The ex-dividend date was Tuesday, February 11th. Southern Copper's dividend payout ratio is currently 64.81%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SCCO shares. Morgan Stanley raised shares of Southern Copper from an "underweight" rating to an "equal weight" rating and reduced their price target for the stock from $106.30 to $102.00 in a research report on Thursday, December 12th. 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 report on Monday, December 2nd. Scotiabank boosted their price target 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 upgraded Southern Copper from a "neutral" rating to a "buy" rating and set a $120.00 price objective on the stock in a research note on Thursday, March 13th. Three equities 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's stock. According to data from MarketBeat.com, Southern Copper presently has a consensus rating of "Hold" and an average price target of $94.42.

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.