Southern Copper Co. (NYSE:SCCO) Holdings Cut by Sanctuary Advisors LLC

Sanctuary Advisors LLC decreased its stake in Southern Copper Co. (NYSE:SCCO) by 59.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,342 shares of the basic materials company’s stock after selling 18,445 shares during the quarter. Sanctuary Advisors LLC’s holdings in Southern Copper were worth $1,143,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in shares of Southern Copper by 1.8% during the 4th quarter. Principal Financial Group Inc. now owns 9,867 shares of the basic materials company’s stock valued at $899,000 after purchasing an additional 174 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in shares of Southern Copper by 4.3% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 7,258 shares of the basic materials company’s stock valued at $661,000 after purchasing an additional 297 shares in the last quarter. Quadrant Private Wealth Management LLC raised its holdings in shares of Southern Copper by 28.2% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 25,411 shares of the basic materials company’s stock valued at $2,316,000 after purchasing an additional 5,594 shares in the last quarter. CFC Planning Co LLC bought a new position in shares of Southern Copper during the 4th quarter valued at $2,367,000. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Southern Copper by 15.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 15,763 shares of the basic materials company’s stock valued at $1,469,000 after purchasing an additional 2,108 shares in the last quarter. Hedge funds and other institutional investors own 7.94% of the company’s stock.

Southern Copper Stock Performance

NYSE SCCO opened at $93.16 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.77 and a quick ratio of 2.31. The firm has a market capitalization of $73.18 billion, a price-to-earnings ratio of 21.56, a P/E/G ratio of 1.90 and a beta of 1.13. The company’s fifty day moving average is $94.46 and its two-hundred day moving average is $101.83. Southern Copper Co. has a 52-week low of $78.82 and a 52-week high of $129.79.

Southern Copper (NYSE:SCCO) last posted its quarterly 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 return on equity of 40.27% and a net margin of 29.53%. Equities research analysts forecast that Southern Copper Co. will post 4.66 EPS for the current year.

Southern Copper Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Tuesday, February 11th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.01%. This is a positive change from Southern Copper’s previous quarterly dividend of $0.60. The ex-dividend date is Tuesday, February 11th. Southern Copper’s dividend payout ratio (DPR) is currently 64.81%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SCCO shares. JPMorgan Chase & Co. upgraded shares of Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 price target on the stock in a report on Monday, December 2nd. Morgan Stanley upgraded shares of Southern Copper from an “underweight” rating to an “equal weight” rating and dropped their target price for the stock from $106.30 to $102.00 in a report on Thursday, December 12th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Southern Copper has a consensus rating of “Hold” and an average target price of $94.81.

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.