Sequoia Financial Advisors LLC Boosts Stock Holdings in Southern Copper Co. (NYSE:SCCO)

Sequoia Financial Advisors LLC boosted its position in shares of Southern Copper Co. (NYSE:SCCO) by 5.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,918 shares of the basic materials company’s stock after buying an additional 204 shares during the period. Sequoia Financial Advisors LLC’s holdings in Southern Copper were worth $453,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Oakworth Capital Inc. purchased a new stake in Southern Copper during the 3rd quarter worth approximately $42,000. Krane Funds Advisors LLC purchased a new stake in Southern Copper during the 3rd quarter worth approximately $204,000. Godsey & Gibb Inc. increased its stake in Southern Copper by 62.7% during the 3rd quarter. Godsey & Gibb Inc. now owns 524 shares of the basic materials company’s stock worth $61,000 after buying an additional 202 shares in the last quarter. McClarren Financial Advisors Inc. increased its stake in Southern Copper by 169.2% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 288 shares of the basic materials company’s stock worth $33,000 after buying an additional 181 shares in the last quarter. Finally, Veracity Capital LLC purchased a new stake in Southern Copper during the 3rd quarter worth approximately $325,000. 7.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SCCO shares. Morgan Stanley boosted their target price on Southern Copper from $97.00 to $100.00 and gave the stock an “underweight” rating in a report on Thursday, September 19th. UBS Group started coverage on Southern Copper in a report on Friday, July 12th. They set a “neutral” rating and a $120.00 target price on the stock. Citigroup boosted their target price on Southern Copper from $99.44 to $100.00 and gave the stock a “sell” rating in a report on Wednesday, October 2nd. Finally, Scotiabank lowered their target price on Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating on the stock in a report on Tuesday, October 15th. Six 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, Southern Copper currently has a consensus rating of “Hold” and an average target price of $90.63.

Southern Copper Trading Up 0.8 %

SCCO opened at $115.41 on Monday. Southern Copper Co. has a one year low of $68.93 and a one year high of $129.79. The stock has a market capitalization of $90.15 billion, a PE ratio of 38.34, a P/E/G ratio of 1.17 and a beta of 1.18. The business’s 50 day moving average price is $107.62 and its 200 day moving average price is $110.11. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.27 and a current ratio of 2.81.

Southern Copper Announces Dividend

The company also recently announced a — dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 6th will be given a $0.62 dividend. This represents a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, November 6th. Southern Copper’s payout ratio is 93.02%.

Southern Copper 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.