Greenline Partners LLC Has $10.10 Million Stake in Southern Copper Co. (NYSE:SCCO)

Greenline Partners LLC boosted its stake in Southern Copper Co. (NYSE:SCCO) by 0.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,986 shares of the basic materials company’s stock after buying an additional 369 shares during the quarter. Southern Copper makes up about 1.5% of Greenline Partners LLC’s investment portfolio, making the stock its 17th largest position. Greenline Partners LLC’s holdings in Southern Copper were worth $10,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Fortis Group Advisors LLC boosted its stake in Southern Copper by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 302 shares of the basic materials company’s stock valued at $26,000 after buying an additional 151 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in Southern Copper in the 1st quarter valued at $26,000. Riverview Trust Co acquired a new stake in Southern Copper in the 1st quarter valued at $27,000. Hanseatic Management Services Inc. acquired a new stake in Southern Copper in the 2nd quarter valued at $53,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Southern Copper by 52.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,069 shares of the basic materials company’s stock valued at $92,000 after buying an additional 369 shares in the last quarter. Institutional investors and hedge funds own 7.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on SCCO shares. Morgan Stanley boosted their price target on Southern Copper from $97.00 to $100.00 and gave the company an “underweight” rating in a research note on Thursday. UBS Group initiated coverage on Southern Copper in a research note on Friday, July 12th. They issued a “neutral” rating and a $120.00 price target on the stock. Five research 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $89.57.

Southern Copper Trading Down 1.2 %

SCCO stock opened at $103.60 on Friday. The company has a market cap of $80.93 billion, a P/E ratio of 34.43, a PEG ratio of 1.02 and a beta of 1.17. 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 has a fifty day moving average of $101.92 and a 200-day moving average of $107.80.

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

Southern Copper Dividend Announcement

The company also recently announced 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 was Friday, August 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.32%. Southern Copper’s payout ratio is currently 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.