Southern Copper Co. (NYSE:SCCO) Stock Position Raised by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its position in Southern Copper Co. (NYSE:SCCO - Free Report) by 11.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,086 shares of the basic materials company's stock after purchasing an additional 11,640 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Southern Copper were worth $12,965,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Fidelis Capital Partners LLC bought a new position in Southern Copper in the 1st quarter worth $26,000. Creative Financial Designs Inc. ADV raised its position 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 worth $26,000 after purchasing an additional 141 shares during the period. Itau Unibanco Holding S.A. purchased a new position in Southern Copper during the 2nd quarter valued at $31,000. McClarren Financial Advisors Inc. increased its stake in Southern Copper by 169.2% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 288 shares of the basic materials company's stock worth $33,000 after buying an additional 181 shares during the period. Finally, Oakworth Capital Inc. bought a new stake in shares of Southern Copper in the third quarter valued at about $42,000. Institutional investors own 7.94% of the company's stock.

Southern Copper Trading Up 3.2 %

NYSE SCCO traded up $3.50 during mid-day trading on Thursday, hitting $113.00. The company's stock had a trading volume of 664,384 shares, compared to its average volume of 1,149,185. The stock's fifty day simple moving average is $108.91 and its two-hundred day simple moving average is $109.99. Southern Copper Co. has a 52-week low of $68.93 and a 52-week high of $129.79. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.77 and a quick ratio of 2.31. The firm has a market capitalization of $88.27 billion, a P/E ratio of 28.22, a price-to-earnings-growth ratio of 1.14 and a beta of 1.18.

Southern Copper Announces Dividend

The business also recently declared a -- dividend, which will be paid on Thursday, November 21st. Investors 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 (DPR) is presently 72.16%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SCCO shares. Morgan Stanley increased their price objective on Southern Copper from $97.00 to $100.00 and gave the company an "underweight" rating in a research note on Thursday, September 19th. Citigroup lifted their target price 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 dropped their price objective on shares of Southern Copper from $54.00 to $52.00 and set a "sector underperform" rating on the stock in a research 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 investment 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. According to data from MarketBeat, Southern Copper has a consensus rating of "Hold" and an average target price of $90.63.

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.