Quadrant Private Wealth Management LLC Purchases 5,594 Shares of Southern Copper Co. (NYSE:SCCO)

Quadrant Private Wealth Management LLC raised its position in Southern Copper Co. (NYSE:SCCO - Free Report) by 28.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,411 shares of the basic materials company's stock after purchasing an additional 5,594 shares during the quarter. Quadrant Private Wealth Management LLC's holdings in Southern Copper were worth $2,316,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Creative Financial Designs Inc. ADV increased its stake in Southern Copper by 172.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 223 shares of the basic materials company's stock valued at $26,000 after buying an additional 141 shares during the last quarter. McClarren Financial Advisors Inc. grew its holdings in shares of Southern Copper by 169.2% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 288 shares of the basic materials company's stock valued at $33,000 after acquiring an additional 181 shares in the last quarter. Oakworth Capital Inc. bought a new position in shares of Southern Copper in the third quarter valued at $42,000. Larson Financial Group LLC raised its position in Southern Copper by 578.3% during the third quarter. Larson Financial Group LLC now owns 407 shares of the basic materials company's stock worth $47,000 after acquiring an additional 347 shares in the last quarter. Finally, Prospera Private Wealth LLC bought a new position in shares of Southern Copper in the 3rd quarter valued at about $47,000. 7.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SCCO has been the topic of a number of recent analyst reports. Morgan Stanley upgraded Southern Copper from an "underweight" rating to an "equal weight" rating and dropped their price objective for the company from $106.30 to $102.00 in a research note on Thursday, December 12th. JPMorgan Chase & Co. upgraded Southern Copper from an "underweight" rating to a "neutral" rating and set a $92.50 price target on the stock in a research note on Monday, December 2nd. Four analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $94.81.

Southern Copper Price Performance

Shares of NYSE:SCCO traded down $1.03 during midday trading on Wednesday, hitting $96.40. The stock had a trading volume of 934,261 shares, compared to its average volume of 1,189,396. The company's 50-day moving average price is $94.98 and its 200-day moving average price is $101.98. Southern Copper Co. has a fifty-two week low of $78.82 and a fifty-two week high of $129.79. The company has a quick ratio of 2.31, a current ratio of 2.77 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $75.73 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 1.89 and a beta of 1.13.

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 (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.01). Southern Copper had a net margin of 29.53% and a return on equity of 40.27%. As a group, equities research analysts predict that Southern Copper Co. will post 4.66 EPS for the current fiscal year.

Southern Copper Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Tuesday, February 11th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.90%. This is a boost from Southern Copper's previous quarterly dividend of $0.60. Southern Copper's dividend 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.