Beacon Investment Advisory Services Inc. Boosts Holdings in Southern Copper Co. (NYSE:SCCO)

Beacon Investment Advisory Services Inc. grew its position in Southern Copper Co. (NYSE:SCCO) by 0.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 49,600 shares of the basic materials company’s stock after purchasing an additional 196 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Southern Copper were worth $4,520,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. American Century Companies Inc. increased its stake in Southern Copper by 7.1% during the 2nd quarter. American Century Companies Inc. now owns 45,818 shares of the basic materials company’s stock valued at $4,936,000 after purchasing an additional 3,034 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Southern Copper by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 375,173 shares of the basic materials company’s stock valued at $40,424,000 after acquiring an additional 1,910 shares during the period. Amalgamated Bank raised its stake in Southern Copper by 3.4% in the 2nd quarter. Amalgamated Bank now owns 5,824 shares of the basic materials company’s stock worth $627,000 after acquiring an additional 190 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in Southern Copper by 23.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,147 shares of the basic materials company’s stock worth $554,000 after acquiring an additional 964 shares during the period. Finally, Sei Investments Co. grew its stake in Southern Copper by 46.2% during the 2nd quarter. Sei Investments Co. now owns 98,167 shares of the basic materials company’s stock valued at $10,577,000 after purchasing an additional 31,044 shares during the last quarter. 7.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Morgan Stanley upgraded Southern Copper from an “underweight” rating to an “equal weight” rating and reduced their price objective for the stock from $106.30 to $102.00 in a research note on Thursday, December 12th. Citigroup lifted their price objective on shares of Southern Copper from $99.44 to $100.00 and gave the company a “sell” rating in a research note on Wednesday, October 2nd. Scotiabank cut their price objective on shares of 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. Finally, JPMorgan Chase & Co. upgraded shares of Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 target price for the company in a research report on Monday, December 2nd. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Southern Copper currently has a consensus rating of “Hold” and a consensus target price of $94.81.

Southern Copper Stock Down 2.3 %

SCCO stock opened at $96.43 on Thursday. Southern Copper Co. has a one year low of $77.42 and a one year high of $129.79. 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 firm’s fifty day moving average is $97.49 and its 200 day moving average is $103.80. The firm has a market cap of $75.75 billion, a PE ratio of 24.83, a P/E/G ratio of 1.96 and a beta of 1.14.

Southern Copper (NYSE:SCCO) last posted its earnings results on Tuesday, October 22nd. The basic materials company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.03. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Southern Copper had a return on equity of 37.11% and a net margin of 27.67%. On average, research analysts forecast that Southern Copper Co. will post 4.4 EPS for the current year.

About Southern Copper

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.