Deltec Asset Management LLC Has $232,000 Position in Southern Copper Co. (NYSE:SCCO)

Deltec Asset Management LLC decreased its holdings in Southern Copper Co. (NYSE:SCCO - Free Report) by 73.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,010 shares of the basic materials company's stock after selling 5,690 shares during the quarter. Deltec Asset Management LLC's holdings in Southern Copper were worth $232,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SCCO. Ensign Peak Advisors Inc grew its position in Southern Copper by 1.0% during the 2nd quarter. Ensign Peak Advisors Inc now owns 10,558 shares of the basic materials company's stock worth $1,138,000 after purchasing an additional 108 shares in the last quarter. Prudential PLC grew its holdings in shares of Southern Copper by 1.0% during the 2nd quarter. Prudential PLC now owns 10,667 shares of the basic materials company's stock valued at $1,149,000 after acquiring an additional 109 shares in the last quarter. Tyche Wealth Partners LLC grew its holdings in shares of Southern Copper by 0.6% during the 3rd quarter. Tyche Wealth Partners LLC now owns 19,685 shares of the basic materials company's stock valued at $2,277,000 after acquiring an additional 109 shares in the last quarter. Inspire Advisors LLC grew its holdings in shares of Southern Copper by 3.9% during the 3rd quarter. Inspire Advisors LLC now owns 3,001 shares of the basic materials company's stock valued at $347,000 after acquiring an additional 113 shares in the last quarter. Finally, American Financial Advisors LLC grew its holdings in shares of Southern Copper by 1.0% during the 2nd quarter. American Financial Advisors LLC now owns 11,718 shares of the basic materials company's stock valued at $1,262,000 after acquiring an additional 117 shares in the last quarter. Institutional investors and hedge funds own 7.94% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on SCCO shares. Morgan Stanley boosted their price target on shares of Southern Copper from $97.00 to $100.00 and gave the company an "underweight" rating in a report on Thursday, September 19th. Citigroup boosted their price target on shares of Southern Copper from $99.44 to $100.00 and gave the company a "sell" rating in a report on Wednesday, October 2nd. 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, October 15th. Finally, UBS Group started coverage on shares of Southern Copper in a research note on Friday, July 12th. They issued a "neutral" rating and a $120.00 price objective for the company. Six equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to MarketBeat, Southern Copper has a consensus rating of "Hold" and a consensus price target of $90.63.

Southern Copper Stock Performance

Southern Copper stock traded down $2.37 on Wednesday, reaching $112.04. 218,957 shares of the stock were exchanged, compared to its average volume of 1,155,570. The stock has a market cap of $87.52 billion, a PE ratio of 29.48, a PEG ratio of 1.18 and a beta of 1.18. The company has a current ratio of 2.81, a quick ratio of 2.27 and a debt-to-equity ratio of 0.67. Southern Copper Co. has a twelve month low of $68.93 and a twelve month high of $129.79. The firm has a fifty day moving average price of $108.03 and a two-hundred day moving average price of $110.09.

Southern Copper Dividend Announcement

The company also recently announced a -- dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 6th will be given a dividend of $0.62 per share. This represents a yield of 2.1%. The ex-dividend date is Wednesday, November 6th. Southern Copper's dividend payout ratio is 72.16%.

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.