US Bancorp DE trimmed its stake in Southern Copper Co. (NYSE:SCCO – Free Report) by 16.7% within the third quarter, based on the corporate in its most up-to-date 13F submitting with the Securities and Trade Fee. The agency owned 55,871 shares of the essential supplies firm’s inventory after promoting 11,216 shares in the course of the interval. US Bancorp DE’s holdings in Southern Copper had been value $6,463,000 as of its most up-to-date SEC submitting.
Different institutional buyers and hedge funds have additionally not too long ago modified their holdings of the corporate. Cetera Funding Advisers lifted its holdings in Southern Copper by 395.1% within the first quarter. Cetera Funding Advisers now owns 38,803 shares of the essential supplies firm’s inventory value $4,133,000 after shopping for an extra 30,966 shares in the course of the interval. Advisors Asset Administration Inc. lifted its stake in shares of Southern Copper by 21.7% within the 1st quarter. Advisors Asset Administration Inc. now owns 90,237 shares of the essential supplies firm’s inventory valued at $9,612,000 after buying an extra 16,111 shares in the course of the interval. CANADA LIFE ASSURANCE Co boosted its place in shares of Southern Copper by 182.3% in the course of the first quarter. CANADA LIFE ASSURANCE Co now owns 278,119 shares of the essential supplies firm’s inventory valued at $29,625,000 after buying an extra 179,590 shares within the final quarter. Oppenheimer & Co. Inc. grew its stake in Southern Copper by 157.1% within the first quarter. Oppenheimer & Co. Inc. now owns 22,175 shares of the essential supplies firm’s inventory value $2,362,000 after buying an extra 13,550 shares in the course of the interval. Lastly, Value T Rowe Associates Inc. MD raised its holdings in Southern Copper by 18.1% within the first quarter. Value T Rowe Associates Inc. MD now owns 7,771,332 shares of the essential supplies firm’s inventory value $827,804,000 after buying an extra 1,192,111 shares within the final quarter. 7.94% of the inventory is owned by hedge funds and different institutional buyers.
Analyst Upgrades and Downgrades
Quite a lot of analysts have not too long ago commented on the inventory. Scotiabank dropped their goal value on shares of Southern Copper from $54.00 to $52.00 and set a “sector underperform” ranking on the inventory in a report on Tuesday, October fifteenth. UBS Group started protection on shares of Southern Copper in a report on Friday, July twelfth. They issued a “impartial” ranking and a $120.00 value goal on the inventory. Morgan Stanley raised their goal value on shares of Southern Copper from $97.00 to $100.00 and gave the corporate an “underweight” ranking in a analysis word on Thursday, September nineteenth. Lastly, Citigroup boosted their value goal on Southern Copper from $99.44 to $100.00 and gave the inventory a “promote” ranking in a analysis report on Wednesday, October 2nd. Six analysis analysts have rated the inventory with a promote ranking, one has given a maintain ranking and three have given a purchase ranking to the corporate’s inventory. In keeping with MarketBeat.com, Southern Copper presently has a mean ranking of “Maintain” and a consensus value goal of $90.63.
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Southern Copper Value Efficiency
Shares of SCCO opened at $110.10 on Monday. The corporate has a market capitalization of $86.01 billion, a P/E ratio of 28.35, a price-to-earnings-growth ratio of 1.12 and a beta of 1.18. Southern Copper Co. has a twelve month low of $68.93 and a twelve month excessive of $129.79. The corporate has a fast ratio of two.27, a present ratio of two.81 and a debt-to-equity ratio of 0.67. The agency has a 50 day transferring common of $108.45 and a 200 day transferring common of $110.01.
Southern Copper Dividend Announcement
The agency additionally not too long ago declared a — dividend, which can be paid on Thursday, November twenty first. Stockholders of report on Wednesday, November sixth can be issued a dividend of $0.62 per share. This represents a dividend yield of two.1%. The ex-dividend date of this dividend is Wednesday, November sixth. Southern Copper’s payout ratio is presently 61.79%.
Southern Copper Firm Profile
Southern Copper Company engages in mining, exploring, smelting, and refining copper and different minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The corporate is concerned within the mining, milling, and flotation of copper ore to provide copper and molybdenum concentrates; smelting of copper concentrates to provide blister and anode copper; refining of anode copper to provide copper cathodes; manufacturing of molybdenum focus and sulfuric acid; manufacturing of refined silver, gold, and different supplies; and mining and processing of zinc, copper, molybdenum, silver, gold, and lead.
Additional Studying
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