Cwm LLC Sells 284 Shares of Southern Copper Co. (NYSE:SCCO)

Cwm LLC cut its stake in shares of Southern Copper Co. (NYSE:SCCO) by 6.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,474 shares of the basic materials company’s stock after selling 284 shares during the period. Cwm LLC’s holdings in Southern Copper were worth $482,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. DNB Asset Management AS increased its position in shares of Southern Copper by 3.2% during the 2nd quarter. DNB Asset Management AS now owns 19,936 shares of the basic materials company’s stock valued at $2,148,000 after purchasing an additional 612 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Southern Copper by 27.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,360 shares of the basic materials company’s stock valued at $159,000 after purchasing an additional 291 shares during the last quarter. Cetera Advisors LLC increased its position in shares of Southern Copper by 62.2% during the 1st quarter. Cetera Advisors LLC now owns 5,671 shares of the basic materials company’s stock valued at $604,000 after purchasing an additional 2,174 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Southern Copper by 395.1% during the 1st quarter. Cetera Investment Advisers now owns 38,803 shares of the basic materials company’s stock valued at $4,133,000 after purchasing an additional 30,966 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Southern Copper during the 1st quarter valued at $554,000. 7.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SCCO shares. UBS Group started coverage on Southern Copper in a research report on Friday, July 12th. They set a “neutral” rating and a $120.00 target price for the company. Scotiabank decreased their price objective on Southern Copper from $55.00 to $54.00 and set a “sector underperform” rating for the company in a report on Tuesday, May 21st. HSBC lowered Southern Copper from a “hold” rating to a “reduce” rating and set a $80.00 price objective for the company. in a report on Monday, April 22nd. StockNews.com raised Southern Copper from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Finally, CICC Research began coverage on Southern Copper in a report on Wednesday, April 24th. They issued an “outperform” rating for the company. Five equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $89.57.

Southern Copper Stock Up 1.2 %

SCCO stock opened at $100.32 on Tuesday. The company has a quick ratio of 2.56, a current ratio of 2.81 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $78.37 billion, a PE ratio of 33.33, a PEG ratio of 1.01 and a beta of 1.20. Southern Copper Co. has a twelve month low of $68.93 and a twelve month high of $129.79. The stock has a 50-day simple moving average of $107.73 and a two-hundred day simple moving average of $104.07.

Southern Copper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 26th. Shareholders of record on Friday, August 9th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Friday, August 9th. Southern Copper’s payout ratio is presently 79.73%.

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.