6,187 Shares in Southern Copper Co. (NYSE:SCCO) Purchased by OmniStar Financial Group Inc.

OmniStar Financial Group Inc. purchased a new position in Southern Copper Co. (NYSE:SCCO - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,187 shares of the basic materials company's stock, valued at approximately $717,000.

A number of other large investors have also modified their holdings of SCCO. Ensign Peak Advisors Inc raised its stake in Southern Copper by 1.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 10,558 shares of the basic materials company's stock worth $1,138,000 after acquiring an additional 108 shares during the last quarter. Prudential PLC increased its holdings in shares of Southern Copper by 1.0% in the second quarter. Prudential PLC now owns 10,667 shares of the basic materials company's stock valued at $1,149,000 after purchasing an additional 109 shares during the period. Inspire Advisors LLC raised its stake in shares of Southern Copper by 3.9% in the third quarter. Inspire Advisors LLC now owns 3,001 shares of the basic materials company's stock worth $347,000 after purchasing an additional 113 shares during the last quarter. American Financial Advisors LLC lifted its holdings in shares of Southern Copper by 1.0% during the second quarter. American Financial Advisors LLC now owns 11,718 shares of the basic materials company's stock worth $1,262,000 after purchasing an additional 117 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its position in Southern Copper by 0.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 23,758 shares of the basic materials company's stock valued at $2,557,000 after buying an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 7.94% of the company's stock.

Analyst Upgrades and Downgrades

SCCO has been the topic of several recent research reports. Scotiabank lowered 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. Morgan Stanley upped their target price on Southern Copper from $97.00 to $100.00 and gave the stock an "underweight" rating in a research note on Thursday, September 19th. UBS Group assumed coverage on Southern Copper in a research report on Friday, July 12th. They set a "neutral" rating and a $120.00 price target for the company. Finally, Citigroup upped their price objective on Southern Copper from $99.44 to $100.00 and gave the stock a "sell" rating in a research report on Wednesday, October 2nd. Six investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Southern Copper presently has a consensus rating of "Hold" and an average target price of $90.63.

Southern Copper Price Performance

SCCO traded up $0.91 on Friday, reaching $112.90. 862,787 shares of the company's stock were exchanged, compared to its average volume of 1,173,800. Southern Copper Co. has a twelve month low of $68.93 and a twelve month high of $129.79. The stock has a market cap of $88.19 billion, a PE ratio of 32.02, a P/E/G ratio of 1.27 and a beta of 1.18. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.81 and a quick ratio of 2.27. The stock's fifty day moving average price is $106.45 and its 200-day moving average price is $110.06.

Southern Copper (NYSE:SCCO - Get Free Report) last announced its quarterly earnings data on Friday, July 19th. The basic materials company reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.09. The firm had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $2.96 billion. Southern Copper had a return on equity of 34.98% and a net margin of 26.15%. Sell-side analysts expect that Southern Copper Co. will post 4.45 EPS for the current year.

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.