Cerity Partners LLC Acquires 2,342 Shares of Southern Copper Co. (NYSE:SCCO)

Cerity Partners LLC grew its stake in Southern Copper Co. (NYSE:SCCO) by 17.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,858 shares of the basic materials company’s stock after acquiring an additional 2,342 shares during the quarter. Cerity Partners LLC’s holdings in Southern Copper were worth $1,445,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in SCCO. Larson Financial Group LLC lifted its position in shares of Southern Copper by 28.0% during the fourth quarter. Larson Financial Group LLC now owns 521 shares of the basic materials company’s stock valued at $48,000 after buying an additional 114 shares during the last quarter. Cadence Wealth Management LLC grew its holdings in Southern Copper by 4.1% in the fourth quarter. Cadence Wealth Management LLC now owns 2,919 shares of the basic materials company’s stock worth $266,000 after purchasing an additional 116 shares during the last quarter. Tyche Wealth Partners LLC lifted its holdings in shares of Southern Copper by 0.6% during the 4th quarter. Tyche Wealth Partners LLC now owns 19,807 shares of the basic materials company’s stock valued at $1,805,000 after purchasing an additional 122 shares during the last quarter. Yousif Capital Management LLC grew its stake in Southern Copper by 0.9% during the 4th quarter. Yousif Capital Management LLC now owns 14,390 shares of the basic materials company’s stock worth $1,311,000 after buying an additional 122 shares during the last quarter. Finally, Signaturefd LLC raised its stake in Southern Copper by 1.7% in the fourth quarter. Signaturefd LLC now owns 8,043 shares of the basic materials company’s stock valued at $733,000 after buying an additional 133 shares during the last quarter. 7.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SCCO. JPMorgan Chase & Co. cut their price objective on shares of Southern Copper from $84.00 to $83.50 and set a “neutral” rating on the stock in a report on Monday. Scotiabank raised their price target on shares of Southern Copper from $52.00 to $72.00 and gave the stock a “sector underperform” rating in a report on Monday, March 10th. Finally, UBS Group dropped their price objective on shares of Southern Copper from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $89.58.

Southern Copper Trading Up 0.3 %

Southern Copper stock opened at $86.47 on Friday. The company has a current ratio of 2.77, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. The firm has a market cap of $68.84 billion, a PE ratio of 20.01, a P/E/G ratio of 1.90 and a beta of 1.04. The stock’s 50 day simple moving average is $91.36 and its two-hundred day simple moving average is $98.42. Southern Copper Co. has a 12 month low of $74.84 and a 12 month high of $127.34.

Southern Copper (NYSE:SCCO) last issued its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $1.01 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%. Analysts anticipate that Southern Copper Co. will post 4.66 earnings per share for the current year.

Southern Copper Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Tuesday, February 11th were paid a $0.70 dividend. This is an increase from Southern Copper’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend was Tuesday, February 11th. Southern Copper’s dividend payout ratio is currently 64.81%.

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.