RoundAngle Advisors LLC Takes $1.20 Million Position in Southern Copper Co. (NYSE:SCCO)

RoundAngle Advisors LLC acquired a new position in Southern Copper Co. (NYSE:SCCO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 13,169 shares of the basic materials company's stock, valued at approximately $1,200,000.

Several other institutional investors have also modified their holdings of SCCO. Creative Financial Designs Inc. ADV grew its position in Southern Copper by 172.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 223 shares of the basic materials company's stock worth $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 worth $33,000 after acquiring an additional 181 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Southern Copper during the second quarter worth $31,000. Oakworth Capital Inc. purchased a new stake in shares of Southern Copper during the third quarter valued at $42,000. Finally, Larson Financial Group LLC boosted its position in shares of Southern Copper by 578.3% in the 3rd quarter. Larson Financial Group LLC now owns 407 shares of the basic materials company's stock valued at $47,000 after purchasing an additional 347 shares during the period. Institutional investors and hedge funds own 7.94% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SCCO shares. JPMorgan Chase & Co. upgraded Southern Copper from an "underweight" rating to a "neutral" rating and set a $92.50 price objective for the company in a research report on Monday, December 2nd. Morgan Stanley raised shares of Southern Copper from an "underweight" rating to an "equal weight" rating and lowered their price objective for the company from $106.30 to $102.00 in a research report on Thursday, December 12th. Citigroup increased their target price on shares of Southern Copper from $99.44 to $100.00 and gave the stock a "sell" rating in a research report on Wednesday, October 2nd. Finally, 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. Four analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $94.81.

Southern Copper Price Performance

Shares of NYSE:SCCO traded up $0.68 during trading on Monday, reaching $98.10. The stock had a trading volume of 703,645 shares, compared to its average volume of 663,891. The stock has a market capitalization of $77.06 billion, a PE ratio of 25.25, a P/E/G ratio of 1.49 and a beta of 1.14. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.77 and a quick ratio of 2.31. Southern Copper Co. has a 52 week low of $77.42 and a 52 week high of $129.79. The business's 50-day moving average price is $97.79 and its 200 day moving average price is $104.10.

About Southern Copper

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.