Generali Investments CEE investicni spolecnost a.s. Takes $1.36 Million Position in Southern Copper Co. (NYSE:SCCO)

Generali Investments CEE investicni spolecnost a.s. bought a new position in Southern Copper Co. (NYSE:SCCO) in the 4th quarter, Holdings Channel.com reports. The firm bought 14,969 shares of the basic materials company’s stock, valued at approximately $1,364,000.

A number of other institutional investors have also added to or reduced their stakes in SCCO. M&T Bank Corp grew its position in Southern Copper by 0.5% during the third quarter. M&T Bank Corp now owns 20,460 shares of the basic materials company’s stock valued at $2,367,000 after acquiring an additional 105 shares during the last quarter. Tyche Wealth Partners LLC grew its holdings in shares of Southern Copper by 0.6% during the 4th quarter. Tyche Wealth Partners LLC now owns 19,807 shares of the basic materials company’s stock valued at $1,805,000 after purchasing an additional 122 shares during the last quarter. Yousif Capital Management LLC raised its position in Southern Copper by 0.9% in the 4th quarter. Yousif Capital Management LLC now owns 14,390 shares of the basic materials company’s stock worth $1,311,000 after purchasing an additional 122 shares during the period. 180 Wealth Advisors LLC raised its position in Southern Copper by 3.6% in the 4th quarter. 180 Wealth Advisors LLC now owns 4,062 shares of the basic materials company’s stock worth $370,000 after purchasing an additional 140 shares during the period. Finally, Bleakley Financial Group LLC lifted its stake in Southern Copper by 3.8% in the fourth quarter. Bleakley Financial Group LLC now owns 3,858 shares of the basic materials company’s stock worth $352,000 after purchasing an additional 140 shares during the last quarter. Institutional investors own 7.94% of the company’s stock.

Wall Street Analyst Weigh In

SCCO has been the topic of a number of recent research reports. Morgan Stanley raised Southern Copper from an “underweight” rating to an “equal weight” rating and reduced their price objective for the company from $106.30 to $102.00 in a research note on Thursday, December 12th. JPMorgan Chase & Co. upgraded Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 price target on the stock in a research report on Monday, December 2nd. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $94.81.

Southern Copper Stock Up 0.2 %

Shares of NYSE:SCCO opened at $91.02 on Friday. The stock’s 50-day moving average is $93.83 and its 200 day moving average is $101.10. The company has a market cap of $71.50 billion, a PE ratio of 21.07, a P/E/G ratio of 1.90 and a beta of 1.12. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.77 and a quick ratio of 2.31. Southern Copper Co. has a 1 year low of $84.33 and a 1 year high of $129.79.

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

Southern Copper Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Tuesday, February 11th were issued a $0.70 dividend. The ex-dividend date was Tuesday, February 11th. This is a positive change from Southern Copper’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a yield of 3.08%. Southern Copper’s dividend payout ratio is 64.81%.

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.