Ranch Capital Advisors Inc. Lowers Stock Holdings in Southern Copper Co. (NYSE:SCCO)

Ranch Capital Advisors Inc. trimmed its stake in shares of Southern Copper Co. (NYSE:SCCO) by 30.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,150 shares of the basic materials company’s stock after selling 5,378 shares during the quarter. Ranch Capital Advisors Inc.’s holdings in Southern Copper were worth $1,309,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Prudential PLC boosted its holdings in Southern Copper by 1.0% in the 2nd quarter. Prudential PLC now owns 10,667 shares of the basic materials company’s stock valued at $1,149,000 after purchasing an additional 109 shares in the last quarter. American Financial Advisors LLC grew its holdings in Southern Copper by 1.0% during the second quarter. American Financial Advisors LLC now owns 11,718 shares of the basic materials company’s stock worth $1,262,000 after acquiring an additional 117 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in Southern Copper by 0.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 23,758 shares of the basic materials company’s stock worth $2,557,000 after acquiring an additional 118 shares during the period. Wahed Invest LLC raised its position in Southern Copper by 9.0% in the fourth quarter. Wahed Invest LLC now owns 1,451 shares of the basic materials company’s stock worth $125,000 after acquiring an additional 120 shares in the last quarter. Finally, Parsons Capital Management Inc. RI grew its stake in shares of Southern Copper by 0.5% during the 2nd quarter. Parsons Capital Management Inc. RI now owns 26,271 shares of the basic materials company’s stock worth $2,830,000 after purchasing an additional 141 shares during the period. 7.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SCCO shares. Morgan Stanley boosted their price objective on shares of Southern Copper from $97.00 to $100.00 and gave the stock an “underweight” rating in a report on Thursday. UBS Group began coverage on Southern Copper in a research note on Friday, July 12th. They set a “neutral” rating and a $120.00 price target on the stock. Five analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Southern Copper has an average rating of “Hold” and an average target price of $89.57.

Southern Copper Stock Up 3.5 %

Shares of NYSE SCCO opened at $104.87 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.81 and a quick ratio of 2.27. The firm’s 50-day moving average is $102.16 and its two-hundred day moving average is $107.46. Southern Copper Co. has a 12-month low of $68.93 and a 12-month high of $129.79. The company has a market capitalization of $81.92 billion, a PE ratio of 34.84, a price-to-earnings-growth ratio of 1.00 and a beta of 1.17.

Southern Copper (NYSE:SCCO) last posted its earnings results on Friday, July 19th. The basic materials company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.09. The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $2.96 billion. Southern Copper had a return on equity of 34.98% and a net margin of 26.15%. Equities analysts anticipate that Southern Copper Co. will post 4.33 EPS for the current fiscal year.

Southern Copper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Friday, August 9th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Friday, August 9th. Southern Copper’s dividend payout ratio is presently 79.73%.

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.