Southern Copper Co. (NYSE:SCCO) Stock Holdings Boosted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its position in shares of Southern Copper Co. (NYSE:SCCO) by 22.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 137,019 shares of the basic materials company’s stock after buying an additional 24,933 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Southern Copper were worth $12,487,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SCCO. JPMorgan Chase & Co. boosted its stake in Southern Copper by 74.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,402,983 shares of the basic materials company’s stock valued at $162,283,000 after purchasing an additional 599,610 shares in the last quarter. Itau Unibanco Holding S.A. boosted its stake in Southern Copper by 115,910.7% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 336,431 shares of the basic materials company’s stock valued at $38,915,000 after purchasing an additional 336,141 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Southern Copper by 10.6% during the 3rd quarter. Fisher Asset Management LLC now owns 2,963,572 shares of the basic materials company’s stock valued at $342,796,000 after purchasing an additional 283,562 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Southern Copper by 11,510.5% during the 3rd quarter. International Assets Investment Management LLC now owns 189,716 shares of the basic materials company’s stock valued at $21,944,000 after purchasing an additional 188,082 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Southern Copper by 1,601.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 192,571 shares of the basic materials company’s stock valued at $22,275,000 after purchasing an additional 181,252 shares in the last quarter. 7.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SCCO shares. JPMorgan Chase & Co. raised Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 price objective for the company in a research note on Monday, December 2nd. Morgan Stanley raised 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. Finally, Scotiabank reduced their price objective on Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating for the company in a research note on Tuesday, October 15th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $94.81.

Southern Copper Stock Performance

Shares of Southern Copper stock opened at $91.69 on Friday. The stock has a market cap of $72.02 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 1.79 and a beta of 1.14. The business has a fifty day simple moving average of $96.55 and a 200-day simple moving average of $102.97. The company has a quick ratio of 2.31, a current ratio of 2.77 and a debt-to-equity ratio of 0.64. Southern Copper Co. has a 12 month low of $77.42 and a 12 month high of $129.79.

Southern Copper Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Tuesday, February 11th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Monday, February 10th. This is a boost from Southern Copper’s previous quarterly dividend of $0.60. Southern Copper’s dividend payout ratio (DPR) is 72.09%.

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.