Fidelis Capital Partners LLC Boosts Holdings in Southern Copper Co. (NYSE:SCCO)

Fidelis Capital Partners LLC lifted its stake in shares of Southern Copper Co. (NYSE:SCCO) by 14.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,814 shares of the basic materials company’s stock after purchasing an additional 736 shares during the period. Fidelis Capital Partners LLC’s holdings in Southern Copper were worth $662,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Tyche Wealth Partners LLC boosted its stake in shares of Southern Copper by 0.6% in the third quarter. Tyche Wealth Partners LLC now owns 19,685 shares of the basic materials company’s stock worth $2,277,000 after acquiring an additional 109 shares during the last quarter. Diversify Advisory Services LLC boosted its stake in Southern Copper by 4.3% during the 3rd quarter. Diversify Advisory Services LLC now owns 14,728 shares of the basic materials company’s stock worth $1,687,000 after purchasing an additional 612 shares during the last quarter. Autumn Glory Partners LLC grew its holdings in shares of Southern Copper by 101.1% during the third quarter. Autumn Glory Partners LLC now owns 5,342 shares of the basic materials company’s stock worth $618,000 after buying an additional 2,685 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. raised its position in shares of Southern Copper by 2.8% in the third quarter. Klein Pavlis & Peasley Financial Inc. now owns 37,705 shares of the basic materials company’s stock valued at $4,361,000 after buying an additional 1,014 shares during the last quarter. Finally, J.W. Cole Advisors Inc. lifted its stake in shares of Southern Copper by 10.4% in the third quarter. J.W. Cole Advisors Inc. now owns 2,409 shares of the basic materials company’s stock worth $279,000 after buying an additional 227 shares in the last quarter. Institutional investors and hedge funds own 7.94% of the company’s stock.

Southern Copper Stock Performance

NYSE SCCO opened at $111.83 on Thursday. The stock has a fifty day simple moving average of $108.19 and a 200-day simple moving average of $110.10. The company has a current ratio of 2.81, a quick ratio of 2.27 and a debt-to-equity ratio of 0.67. The stock has a market cap of $87.36 billion, a PE ratio of 28.82, a P/E/G ratio of 1.18 and a beta of 1.18. Southern Copper Co. has a twelve month low of $68.93 and a twelve month high of $129.79.

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 given a dividend of $0.62 per share. This represents a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, November 6th. Southern Copper’s dividend payout ratio is presently 72.16%.

Analyst Ratings Changes

Several brokerages recently issued reports on SCCO. Morgan Stanley upped their price objective on shares of Southern Copper from $97.00 to $100.00 and gave the company an “underweight” rating in a research note on Thursday, September 19th. Scotiabank dropped their price target on Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating for the company in a research report on Tuesday, October 15th. UBS Group initiated coverage on Southern Copper in a research report on Friday, July 12th. They set a “neutral” rating and a $120.00 price objective on the stock. Finally, Citigroup boosted their price objective on Southern Copper from $99.44 to $100.00 and gave the stock a “sell” rating in a research note on Wednesday, October 2nd. Six research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Southern Copper presently has a consensus 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.