Dynamic Technology Lab Private Ltd Has $811,000 Position in Southern Copper Co. (NYSE:SCCO)

Dynamic Technology Lab Private Ltd increased its position in Southern Copper Co. (NYSE:SCCO - Free Report) by 195.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,902 shares of the basic materials company's stock after buying an additional 5,890 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Southern Copper were worth $811,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its position in shares of Southern Copper by 15.3% in the fourth quarter. Nordea Investment Management AB now owns 108,753 shares of the basic materials company's stock worth $9,969,000 after buying an additional 14,391 shares during the period. Two Sigma Advisers LP grew its position in Southern Copper by 384.4% in the third quarter. Two Sigma Advisers LP now owns 90,173 shares of the basic materials company's stock valued at $10,430,000 after acquiring an additional 71,558 shares in the last quarter. JPMorgan Chase & Co. lifted its position 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 purchasing an additional 599,610 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Southern Copper by 22.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 137,019 shares of the basic materials company's stock valued at $12,487,000 after purchasing an additional 24,933 shares during the period. Finally, Morse Asset Management Inc purchased a new position in shares of Southern Copper in the third quarter valued at $1,397,000. Hedge funds and other institutional investors own 7.94% of the company's stock.

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Southern Copper Stock Performance

Shares of NYSE:SCCO traded up $3.19 on Friday, hitting $85.03. The company's stock had a trading volume of 653,618 shares, compared to its average volume of 1,218,387. Southern Copper Co. has a 12 month low of $74.84 and a 12 month high of $127.34. The stock's 50-day moving average is $92.23 and its two-hundred day moving average is $99.34. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77. The company has a market capitalization of $67.70 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 1.90 and a beta of 1.04.

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

Southern Copper Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Tuesday, February 11th were issued a $0.70 dividend. This is an increase from Southern Copper's previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Tuesday, February 11th. Southern Copper's payout ratio is presently 64.81%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SCCO shares. UBS Group raised shares of Southern Copper from a "neutral" rating to a "buy" rating and set a $120.00 price objective for the company in a research report on Thursday, March 13th. Scotiabank raised their price objective 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. Finally, Morgan Stanley raised Southern Copper from an "underweight" rating to an "equal weight" rating and cut their target price for the company from $106.30 to $102.00 in a research report on Thursday, December 12th. Three 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $94.42.

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.