Regal Partners Ltd Buys Shares of 13,706 Southern Copper Co. (NYSE:SCCO)

Regal Partners Ltd bought a new position in shares of Southern Copper Co. (NYSE:SCCO - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,706 shares of the basic materials company's stock, valued at approximately $1,585,000.

Other large investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. purchased a new stake in shares of Southern Copper during the third quarter worth approximately $2,289,000. Saturna Capital Corp increased its stake in Southern Copper by 0.6% in the 3rd quarter. Saturna Capital Corp now owns 43,673 shares of the basic materials company's stock valued at $5,052,000 after buying an additional 242 shares during the period. Empower Advisory Group LLC raised its position in Southern Copper by 3.3% during the 3rd quarter. Empower Advisory Group LLC now owns 1,004,060 shares of the basic materials company's stock worth $116,140,000 after buying an additional 32,314 shares during the last quarter. Aptus Capital Advisors LLC lifted its stake in shares of Southern Copper by 38.9% in the 3rd quarter. Aptus Capital Advisors LLC now owns 3,163 shares of the basic materials company's stock worth $366,000 after acquiring an additional 886 shares during the period. Finally, Aigen Investment Management LP lifted its stake in shares of Southern Copper by 138.9% in the 3rd quarter. Aigen Investment Management LP now owns 15,642 shares of the basic materials company's stock worth $1,809,000 after acquiring an additional 9,095 shares during the period. Institutional investors and hedge funds own 7.94% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on SCCO. Scotiabank cut their price target on shares of Southern Copper from $54.00 to $52.00 and set a "sector underperform" rating for the company in a report on Tuesday, October 15th. Citigroup boosted their target price on Southern Copper from $99.44 to $100.00 and gave the stock a "sell" rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley raised their price target on Southern Copper from $97.00 to $100.00 and gave the company an "underweight" rating in a report on Thursday, September 19th. Six equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $90.63.

Southern Copper Price Performance

SCCO stock traded down $0.69 during midday trading on Thursday, hitting $100.30. 1,055,799 shares of the stock were exchanged, compared to its average volume of 1,146,500. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77. The stock has a market cap of $78.79 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 1.06 and a beta of 1.18. Southern Copper Co. has a fifty-two week low of $70.63 and a fifty-two week high of $129.79. The stock's 50-day moving average price is $109.54 and its 200-day moving average price is $109.78.

Southern Copper Announces Dividend

The firm also recently declared a -- dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 6th will be issued a $0.62 dividend. This represents a dividend yield of 2.1%. The ex-dividend date is Wednesday, November 6th. Southern Copper's dividend payout ratio (DPR) is presently 72.16%.

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.