Southern Copper Co. (NYSE:SCCO) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in shares of Southern Copper Co. (NYSE:SCCO - Free Report) by 1,322.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,606 shares of the basic materials company's stock after acquiring an additional 92,605 shares during the quarter. SG Americas Securities LLC's holdings in Southern Copper were worth $9,077,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Creative Financial Designs Inc. ADV increased its stake in shares of 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 purchasing an additional 141 shares in the last quarter. McClarren Financial Advisors Inc. increased its stake 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 purchasing an additional 181 shares in the last quarter. Oakworth Capital Inc. purchased a new position in shares of Southern Copper in the 3rd quarter valued at about $42,000. Prospera Private Wealth LLC purchased a new position in shares of Southern Copper in the 3rd quarter valued at about $47,000. Finally, Larson Financial Group LLC increased its stake 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 in the last quarter. 7.94% of the stock is currently owned by institutional investors and hedge funds.

Southern Copper Trading Down 0.6 %

Shares of NYSE SCCO traded down $0.62 during mid-day trading on Friday, reaching $96.56. 507,655 shares of the company's stock were exchanged, compared to its average volume of 936,392. The firm has a market capitalization of $75.85 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 1.92 and a beta of 1.14. Southern Copper Co. has a 52-week low of $77.42 and a 52-week high of $129.79. The company's 50-day moving average is $97.43 and its 200-day moving average is $103.75. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77.

Southern Copper (NYSE:SCCO - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The basic materials company reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.03. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.94 billion. Southern Copper had a net margin of 27.67% and a return on equity of 37.11%. Analysts expect that Southern Copper Co. will post 4.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Citigroup lifted their price target on Southern Copper from $99.44 to $100.00 and gave the company a "sell" rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. upgraded shares of Southern Copper from an "underweight" rating to a "neutral" rating and set a $92.50 target price for the company in a research report on Monday, December 2nd. Scotiabank dropped their price objective on shares of Southern Copper from $54.00 to $52.00 and set a "sector underperform" rating for the company in a research note on Tuesday, October 15th. Finally, Morgan Stanley raised shares of Southern Copper from an "underweight" rating to an "equal weight" rating and decreased their target price for the stock from $106.30 to $102.00 in a research note on Thursday, December 12th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $94.81.

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.