Southern Copper Co. (NYSE:SCCO) Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its position in Southern Copper Co. (NYSE:SCCO) by 16.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,159 shares of the basic materials company’s stock after buying an additional 3,935 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Southern Copper were worth $2,926,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Fortis Group Advisors LLC increased its position in Southern Copper by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 302 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 151 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in Southern Copper during the first quarter worth approximately $26,000. Riverview Trust Co acquired a new position in Southern Copper during the first quarter worth approximately $27,000. Hanseatic Management Services Inc. acquired a new position in Southern Copper during the second quarter worth approximately $53,000. Finally, EverSource Wealth Advisors LLC increased its position in Southern Copper by 52.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,069 shares of the basic materials company’s stock worth $92,000 after purchasing an additional 369 shares during the last quarter. Institutional investors and hedge funds own 7.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports 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 research note on Thursday. UBS Group started coverage on shares of Southern Copper in a research note on Friday, July 12th. They set a “neutral” rating and a $120.00 price objective for the company. Five investment analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $89.57.

Southern Copper Stock Down 1.3 %

Southern Copper stock opened at $103.52 on Friday. The stock has a market cap of $80.87 billion, a price-to-earnings ratio of 34.41, a PEG ratio of 1.02 and a beta of 1.17. The company has a current ratio of 2.81, a quick ratio of 2.27 and a debt-to-equity ratio of 0.67. The company’s 50-day moving average price is $101.92 and its two-hundred day moving average price is $107.61. Southern Copper Co. has a 52 week low of $68.93 and a 52 week high of $129.79.

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

Southern Copper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 9th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $2.40 annualized dividend and a dividend yield of 2.32%. Southern Copper’s dividend payout ratio (DPR) is 79.77%.

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.