Capital Advisors Inc. OK Raises Stock Holdings in Southern Copper Co. (NYSE:SCCO)

Capital Advisors Inc. OK lifted its holdings in shares of Southern Copper Co. (NYSE:SCCO) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 264,267 shares of the basic materials company’s stock after acquiring an additional 7,232 shares during the period. Capital Advisors Inc. OK’s holdings in Southern Copper were worth $30,568,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Fidelis Capital Partners LLC purchased a new position in shares of Southern Copper in the 1st quarter valued at approximately $26,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of Southern Copper by 172.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 223 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 141 shares during the period. Itau Unibanco Holding S.A. purchased a new position in Southern Copper in the 2nd quarter valued at $31,000. McClarren Financial Advisors Inc. increased its stake 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 buying an additional 181 shares during the period. Finally, Oakworth Capital Inc. purchased a new position in Southern Copper during the 3rd quarter worth $42,000. 7.94% of the stock is owned by institutional investors and hedge funds.

Southern Copper Stock Up 0.5 %

Shares of NYSE SCCO opened at $110.10 on Friday. The company has a quick ratio of 2.27, a current ratio of 2.81 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $86.01 billion, a PE ratio of 28.35, a P/E/G ratio of 1.14 and a beta of 1.18. The firm has a fifty day moving average of $108.45 and a 200-day moving average of $110.07. Southern Copper Co. has a 52-week low of $68.93 and a 52-week high of $129.79.

Southern Copper Dividend Announcement

The firm also recently announced a — dividend, which will be paid on Thursday, November 21st. Investors of record on Wednesday, November 6th will be given a dividend of $0.62 per share. This represents a yield of 2.1%. The ex-dividend date is Wednesday, November 6th. Southern Copper’s dividend payout ratio (DPR) is presently 61.79%.

Analysts Set New Price Targets

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