Swiss National Bank Has $22.68 Million Stock Holdings in Southern Copper Co. (NYSE:SCCO)

Swiss National Bank reduced its holdings in shares of Southern Copper Co. (NYSE:SCCO - Free Report) by 4.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 196,051 shares of the basic materials company's stock after selling 9,650 shares during the quarter. Swiss National Bank's holdings in Southern Copper were worth $22,677,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SCCO. Creative Financial Designs Inc. ADV boosted its stake in 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 during the period. Itau Unibanco Holding S.A. bought a new stake in Southern Copper in the 2nd quarter valued at $31,000. McClarren Financial Advisors Inc. raised its holdings in 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 acquiring an additional 181 shares in the last quarter. Oakworth Capital Inc. acquired a new position in Southern Copper in the 3rd quarter valued at $42,000. Finally, Planning Capital Management Corp acquired a new position in Southern Copper in the 3rd quarter valued at $52,000. 7.94% of the stock is currently owned by institutional investors.

Southern Copper Price Performance

Shares of SCCO stock traded down $0.94 on Friday, hitting $99.74. 853,269 shares of the company's stock were exchanged, compared to its average volume of 1,138,178. 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 12 month low of $70.63 and a 12 month high of $129.79. The stock has a market cap of $78.35 billion, a P/E ratio of 25.93, a price-to-earnings-growth ratio of 1.07 and a beta of 1.18. The company has a 50 day moving average of $110.22 and a 200 day moving average of $109.21.

Southern Copper Dividend Announcement

The company also recently announced a -- dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 6th were given a $0.62 dividend. The ex-dividend date was Wednesday, November 6th. This represents a yield of 2.1%. Southern Copper's dividend payout ratio is presently 72.09%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SCCO shares. Morgan Stanley lifted their price objective on Southern Copper from $97.00 to $100.00 and gave the company an "underweight" rating in a report on Thursday, September 19th. Citigroup lifted their price objective on Southern Copper from $99.44 to $100.00 and gave the company a "sell" rating in a report on Wednesday, October 2nd. Finally, Scotiabank dropped their price objective on Southern Copper from $54.00 to $52.00 and set a "sector underperform" rating for the company in a report on Tuesday, October 15th. Six investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Southern Copper has an average rating of "Hold" and an average price target of $90.63.

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.