GSA Capital Partners LLP Sells 7,152 Shares of Southern Copper Co. (NYSE:SCCO)

GSA Capital Partners LLP lowered its position in Southern Copper Co. (NYSE:SCCO - Free Report) by 66.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,667 shares of the basic materials company's stock after selling 7,152 shares during the period. GSA Capital Partners LLP's holdings in Southern Copper were worth $424,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC increased its position in shares of Southern Copper by 34.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 8,228 shares of the basic materials company's stock valued at $876,000 after purchasing an additional 2,111 shares during the last quarter. InterOcean Capital Group LLC purchased a new stake in Southern Copper during the first quarter valued at approximately $260,000. Natixis raised its position in Southern Copper by 82.6% in the first quarter. Natixis now owns 8,000 shares of the basic materials company's stock worth $852,000 after acquiring an additional 3,619 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of Southern Copper by 21.7% during the 1st quarter. Advisors Asset Management Inc. now owns 90,237 shares of the basic materials company's stock worth $9,612,000 after acquiring an additional 16,111 shares during the last quarter. Finally, Toronto Dominion Bank grew its position in shares of Southern Copper by 15.2% during the 1st quarter. Toronto Dominion Bank now owns 5,145 shares of the basic materials company's stock valued at $542,000 after acquiring an additional 679 shares during the period. Hedge funds and other institutional investors own 7.94% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on SCCO shares. Citigroup raised their target price on Southern Copper from $99.44 to $100.00 and gave the stock a "sell" rating in a report on Wednesday, October 2nd. Scotiabank lowered their price objective on 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, Morgan Stanley increased their target price on shares of Southern Copper from $97.00 to $100.00 and gave the stock an "underweight" rating in a report on Thursday, September 19th. Six research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $90.63.

Southern Copper Trading Down 0.8 %

SCCO stock opened at $102.98 on Thursday. The company has a market capitalization of $80.89 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 1.07 and a beta of 1.18. 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 1-year low of $70.63 and a 1-year high of $129.79. The business has a 50 day simple moving average of $110.17 and a two-hundred day simple moving average of $109.27.

Southern Copper Announces Dividend

The business 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. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a yield of 2.1%. Southern Copper's dividend payout ratio is currently 72.09%.

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.