Southern Copper Co. (NYSE:SCCO) Shares Sold by XTX Topco Ltd

XTX Topco Ltd cut its holdings in shares of Southern Copper Co. (NYSE:SCCO - Free Report) by 84.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,420 shares of the basic materials company's stock after selling 23,678 shares during the quarter. XTX Topco Ltd's holdings in Southern Copper were worth $403,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Larson Financial Group LLC grew its stake in Southern Copper by 28.0% in the fourth quarter. Larson Financial Group LLC now owns 521 shares of the basic materials company's stock valued at $48,000 after purchasing an additional 114 shares in the last quarter. Cadence Wealth Management LLC grew its position in shares of Southern Copper by 4.1% in the 4th quarter. Cadence Wealth Management LLC now owns 2,919 shares of the basic materials company's stock valued at $266,000 after buying an additional 116 shares during the last quarter. Tyche Wealth Partners LLC grew its holdings in Southern Copper by 0.6% during the 4th quarter. Tyche Wealth Partners LLC now owns 19,807 shares of the basic materials company's stock worth $1,805,000 after acquiring an additional 122 shares during the period. Yousif Capital Management LLC grew its holdings in Southern Copper by 0.9% in the fourth quarter. Yousif Capital Management LLC now owns 14,390 shares of the basic materials company's stock worth $1,311,000 after purchasing an additional 122 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of Southern Copper by 1.7% in the 4th quarter. Signaturefd LLC now owns 8,043 shares of the basic materials company's stock worth $733,000 after purchasing an additional 133 shares in the last quarter. Institutional investors and hedge funds own 7.94% of the company's stock.

Southern Copper Stock Performance

Shares of SCCO stock traded down $1.65 during trading hours on Friday, hitting $94.18. The company's stock had a trading volume of 1,610,023 shares, compared to its average volume of 1,220,725. Southern Copper Co. has a 12-month low of $74.84 and a 12-month high of $127.34. The company has a current ratio of 2.77, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. The stock has a market cap of $74.98 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 1.90 and a beta of 1.04. The company has a 50 day moving average of $90.73 and a 200 day moving average of $97.36.

Southern Copper (NYSE:SCCO - Get Free Report) last announced its earnings results on Friday, April 25th. The basic materials company reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.14. The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.05 billion. Southern Copper had a return on equity of 40.27% and a net margin of 29.53%. On average, sell-side analysts forecast that Southern Copper Co. will post 4.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on SCCO shares. Scotiabank lifted their price target on Southern Copper from $52.00 to $72.00 and gave the stock a "sector underperform" rating in a report on Monday, March 10th. UBS Group cut their target price on shares of Southern Copper from $120.00 to $100.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Southern Copper from $84.00 to $83.50 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Southern Copper has a consensus rating of "Hold" and a consensus price target of $91.50.

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.