Waldron Private Wealth LLC Makes New $80,000 Investment in Southern Copper Co. (NYSE:SCCO)

Waldron Private Wealth LLC bought a new stake in Southern Copper Co. (NYSE:SCCO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 690 shares of the basic materials company’s stock, valued at approximately $80,000.

A number of other large investors also recently made changes to their positions in the company. Ensign Peak Advisors Inc grew its holdings in Southern Copper by 1.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 10,558 shares of the basic materials company’s stock valued at $1,138,000 after buying an additional 108 shares in the last quarter. Prudential PLC boosted its position in shares of Southern Copper by 1.0% in the second quarter. Prudential PLC now owns 10,667 shares of the basic materials company’s stock valued at $1,149,000 after acquiring an additional 109 shares during the period. Inspire Advisors LLC grew its stake in shares of Southern Copper by 3.9% in the third quarter. Inspire Advisors LLC now owns 3,001 shares of the basic materials company’s stock valued at $347,000 after acquiring an additional 113 shares in the last quarter. American Financial Advisors LLC increased its position 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. Finally, DekaBank Deutsche Girozentrale raised its stake in Southern Copper by 0.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 23,758 shares of the basic materials company’s stock worth $2,557,000 after purchasing an additional 118 shares in the last quarter. Institutional investors own 7.94% of the company’s stock.

Southern Copper Trading Down 0.7 %

NYSE SCCO opened at $113.82 on Thursday. The company has a market cap of $88.91 billion, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 1.17 and a beta of 1.18. Southern Copper Co. has a twelve month low of $68.93 and a twelve month high of $129.79. The company has a quick ratio of 2.27, a current ratio of 2.81 and a debt-to-equity ratio of 0.67. The business’s fifty day moving average is $107.22 and its 200 day moving average is $110.14.

Southern Copper Announces Dividend

The business also recently declared a — dividend, which will be paid on Thursday, November 21st. Stockholders of record on Wednesday, November 6th will be paid a $0.62 dividend. The ex-dividend date is Wednesday, November 6th. This represents a dividend yield of 2.1%. Southern Copper’s payout ratio is 68.07%.

Analyst Ratings Changes

Several brokerages have recently commented on SCCO. Scotiabank lowered their target price on shares of Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating on the stock in a report on Tuesday, October 15th. Morgan Stanley increased 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, September 19th. UBS Group started coverage on shares of Southern Copper in a research report on Friday, July 12th. They issued a “neutral” rating and a $120.00 target price for the company. Finally, Citigroup increased their price target on shares of Southern Copper from $99.44 to $100.00 and gave the stock a “sell” rating in a research report on Wednesday, October 2nd. Six investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $90.63.

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.