Jump Financial LLC Boosts Stake in Southern Copper Co. (NYSE:SCCO)

Jump Financial LLC lifted its holdings in Southern Copper Co. (NYSE:SCCO - Free Report) by 48.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,353 shares of the basic materials company's stock after buying an additional 7,607 shares during the period. Jump Financial LLC's holdings in Southern Copper were worth $2,128,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Nordea Investment Management AB raised its holdings in shares of Southern Copper by 15.3% during the fourth quarter. Nordea Investment Management AB now owns 108,753 shares of the basic materials company's stock worth $9,969,000 after acquiring an additional 14,391 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Southern Copper by 74.6% during the third quarter. JPMorgan Chase & Co. now owns 1,402,983 shares of the basic materials company's stock worth $162,283,000 after buying an additional 599,610 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Southern Copper by 22.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 137,019 shares of the basic materials company's stock worth $12,487,000 after buying an additional 24,933 shares during the last quarter. Morse Asset Management Inc acquired a new position in shares of Southern Copper during the third quarter worth approximately $1,397,000. Finally, Raymond James Financial Inc. bought a new position in Southern Copper in the fourth quarter valued at about $8,420,000. Institutional investors and hedge funds own 7.94% of the company's stock.

Southern Copper Price Performance

NYSE:SCCO traded up $3.83 during trading hours on Thursday, hitting $96.08. 364,923 shares of the stock traded hands, compared to its average volume of 1,217,748. The company has a quick ratio of 2.31, a current ratio of 2.77 and a debt-to-equity ratio of 0.64. Southern Copper Co. has a 1 year low of $74.84 and a 1 year high of $127.34. The company has a market cap of $76.49 billion, a price-to-earnings ratio of 22.20, a price-to-earnings-growth ratio of 1.90 and a beta of 1.04. The stock has a 50 day moving average price of $90.82 and a 200 day moving average price of $97.64.

Southern Copper (NYSE:SCCO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.01). Southern Copper had a return on equity of 40.27% and a net margin of 29.53%. Sell-side analysts forecast that Southern Copper Co. will post 4.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SCCO shares. JPMorgan Chase & Co. lowered their price objective on shares of Southern Copper from $84.00 to $83.50 and set a "neutral" rating for the company in a research report on Monday, April 14th. UBS Group decreased their target price on shares of Southern Copper from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Finally, Scotiabank increased their price target on Southern Copper from $52.00 to $72.00 and gave the company a "sector underperform" rating in a research note on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Southern Copper presently has a consensus rating of "Hold" and a consensus price target of $91.50.

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.