Crossmark Global Holdings Inc. Has $603,000 Stake in Southern Copper Co. (NYSE:SCCO)

Crossmark Global Holdings Inc. lowered its position in Southern Copper Co. (NYSE:SCCO) by 37.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,216 shares of the basic materials company’s stock after selling 3,076 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Southern Copper were worth $603,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Creative Financial Designs Inc. ADV boosted its holdings in shares of Southern Copper by 172.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 223 shares of the basic materials company’s stock worth $26,000 after buying an additional 141 shares during the period. McClarren Financial Advisors Inc. boosted its holdings in shares of Southern Copper by 169.2% during the third quarter. McClarren Financial Advisors Inc. now owns 288 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 181 shares during the period. Itau Unibanco Holding S.A. bought a new stake in shares of Southern Copper during the second quarter worth approximately $31,000. Oakworth Capital Inc. acquired a new position in shares of Southern Copper in the third quarter valued at approximately $42,000. Finally, Hanseatic Management Services Inc. acquired a new stake in Southern Copper during the 2nd quarter worth approximately $53,000. Institutional investors own 7.94% of the company’s stock.

Southern Copper Stock Performance

Shares of SCCO stock opened at $99.22 on Friday. Southern Copper Co. has a 12 month low of $70.63 and a 12 month high of $129.79. The firm has a market capitalization of $77.94 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 1.04 and a beta of 1.18. The firm has a fifty day simple moving average of $109.62 and a two-hundred day simple moving average of $109.71. The company has a current ratio of 2.77, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64.

Southern Copper Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 6th will be paid a dividend of $0.62 per share. This represents a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, November 6th. Southern Copper’s dividend payout ratio (DPR) is presently 72.09%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SCCO. Scotiabank dropped their target price on Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating for the company in a report on Tuesday, October 15th. Citigroup raised their target price on shares of Southern Copper from $99.44 to $100.00 and gave the stock a “sell” rating in a report on Wednesday, October 2nd. Finally, Morgan Stanley increased their price target on Southern Copper from $97.00 to $100.00 and gave the stock an “underweight” rating in a research report on Thursday, September 19th. Six research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.