Venture Visionary Partners LLC Lowers Stock Holdings in Southern Copper Co. (NYSE:SCCO)

Venture Visionary Partners LLC lessened its stake in Southern Copper Co. (NYSE:SCCO) by 71.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,507 shares of the basic materials company’s stock after selling 11,270 shares during the period. Venture Visionary Partners LLC’s holdings in Southern Copper were worth $521,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCCO. Fidelis Capital Partners LLC acquired a new position in shares of Southern Copper in the first quarter valued at approximately $26,000. Riverview Trust Co purchased a new position in Southern Copper in the 1st quarter valued at $27,000. McClarren Financial Advisors Inc. increased its stake in Southern Copper by 169.2% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 288 shares of the basic materials company’s stock valued at $33,000 after buying an additional 181 shares during the period. Itau Unibanco Holding S.A. purchased a new position in Southern Copper during the 2nd quarter worth $31,000. Finally, Hanseatic Management Services Inc. acquired a new stake in shares of Southern Copper in the 2nd quarter worth $53,000. 7.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SCCO. Scotiabank cut their price target on shares of Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating for the company in a report on Tuesday, October 15th. Morgan Stanley increased their target price on Southern Copper from $97.00 to $100.00 and gave the stock an “underweight” rating in a research note on Thursday, September 19th. Citigroup raised their price target on Southern Copper from $99.44 to $100.00 and gave the company a “sell” rating in a report on Wednesday, October 2nd. Finally, UBS Group started coverage on Southern Copper in a report on Friday, July 12th. They set a “neutral” rating and a $120.00 price objective on the stock. Six research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $90.63.

Southern Copper Stock Performance

Shares of SCCO stock opened at $114.57 on Wednesday. The stock has a fifty day moving average price of $106.97 and a 200 day moving average price of $110.12. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.27 and a current ratio of 2.81. The stock has a market cap of $89.49 billion, a PE ratio of 32.49, a P/E/G ratio of 1.17 and a beta of 1.18. Southern Copper Co. has a 1 year low of $68.93 and a 1 year high of $129.79.

Southern Copper Dividend Announcement

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

About Southern Copper

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.