O Shaughnessy Asset Management LLC Has $1.62 Million Stock Holdings in Southern Copper Co. (NYSE:SCCO)

O Shaughnessy Asset Management LLC grew its stake in shares of Southern Copper Co. (NYSE:SCCO) by 19.4% during the 4th quarter, Holdings Channel reports. The firm owned 17,756 shares of the basic materials company’s stock after buying an additional 2,879 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Southern Copper were worth $1,618,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. bought a new stake in Southern Copper during the fourth quarter worth $30,000. Deseret Mutual Benefit Administrators increased its stake in shares of Southern Copper by 210.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 379 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 257 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Southern Copper by 143.4% in the 4th quarter. IFP Advisors Inc now owns 477 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 281 shares during the period. Spire Wealth Management acquired a new stake in Southern Copper in the 4th quarter valued at about $47,000. Finally, Larson Financial Group LLC grew its holdings in Southern Copper by 28.0% during the fourth quarter. Larson Financial Group LLC now owns 521 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 114 shares during the period. Institutional investors own 7.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SCCO. Morgan Stanley upgraded Southern Copper from an “underweight” rating to an “equal weight” rating and dropped their price objective for the company from $106.30 to $102.00 in a research note on Thursday, December 12th. UBS Group raised Southern Copper from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a report on Thursday, March 13th. Finally, Scotiabank increased their price objective on shares of Southern Copper from $52.00 to $72.00 and gave the company a “sector underperform” rating in a research report on Monday, March 10th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Southern Copper has an average rating of “Hold” and an average price target of $94.42.

Southern Copper Trading Down 9.5 %

SCCO stock opened at $78.46 on Friday. Southern Copper Co. has a 52 week low of $77.43 and a 52 week high of $127.34. The company has a market capitalization of $62.47 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 1.90 and a beta of 1.04. The company’s 50-day simple moving average is $93.61 and its 200 day simple moving average is $100.37. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77.

Southern Copper (NYSE:SCCO) last announced its earnings results on Wednesday, February 12th. The basic materials company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.01). Southern Copper had a return on equity of 40.27% and a net margin of 29.53%. As a group, sell-side analysts anticipate that Southern Copper Co. will post 4.66 earnings per share for the current year.

Southern Copper Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Tuesday, February 11th were issued a dividend of $0.70 per share. This is a positive change from Southern Copper’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend was Tuesday, February 11th. Southern Copper’s dividend payout ratio is 64.81%.

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.