Sanctuary Advisors LLC Makes New $611,000 Investment in Southern Copper Co. (NYSE:SCCO)

Sanctuary Advisors LLC acquired a new stake in Southern Copper Co. (NYSE:SCCO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,228 shares of the basic materials company’s stock, valued at approximately $611,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SCCO. Fidelis Capital Partners LLC acquired a new stake in Southern Copper in the 1st quarter valued at about $26,000. Riverview Trust Co purchased a new position in Southern Copper in the first quarter worth approximately $27,000. Itau Unibanco Holding S.A. acquired a new position in Southern Copper during the 2nd quarter worth approximately $31,000. Hanseatic Management Services Inc. acquired a new position in Southern Copper during the 2nd quarter worth approximately $53,000. Finally, Blue Trust Inc. raised its holdings in shares of Southern Copper by 215.4% in the 2nd quarter. Blue Trust Inc. now owns 1,126 shares of the basic materials company’s stock valued at $120,000 after purchasing an additional 769 shares in the last quarter. 7.94% of the stock is currently owned by hedge funds and other institutional investors.

Southern Copper Trading Down 0.1 %

SCCO opened at $117.56 on Tuesday. The company has a quick ratio of 2.27, a current ratio of 2.81 and a debt-to-equity ratio of 0.67. Southern Copper Co. has a 52 week low of $68.93 and a 52 week high of $129.79. The business’s 50 day moving average is $105.38 and its two-hundred day moving average is $109.95. The firm has a market cap of $91.83 billion, a price-to-earnings ratio of 39.06, a price-to-earnings-growth ratio of 1.22 and a beta of 1.18.

Southern Copper (NYSE:SCCO) last announced its earnings results on Friday, July 19th. The basic materials company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.09. The business had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $2.96 billion. Southern Copper had a net margin of 26.15% and a return on equity of 34.98%. On average, research analysts predict that Southern Copper Co. will post 4.5 EPS for the current year.

Southern Copper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 9th were paid a dividend of $0.60 per share. The ex-dividend date was Friday, August 9th. This represents a $2.40 annualized dividend and a dividend yield of 2.04%. Southern Copper’s dividend payout ratio (DPR) is 79.73%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Morgan Stanley boosted their target price on shares of Southern Copper from $97.00 to $100.00 and gave the stock an “underweight” rating in a research note on Thursday, September 19th. Citigroup increased their price objective on Southern Copper from $99.44 to $100.00 and gave the company a “sell” rating in a report on Wednesday, October 2nd. Finally, UBS Group assumed coverage on Southern Copper in a research note on Friday, July 12th. They set a “neutral” rating and a $120.00 target price for the company. Six equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Southern Copper currently has a consensus rating of “Hold” and a consensus target price of $90.88.

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.