Philadelphia Trust Co. Acquires 1,754 Shares of Southern Copper Co. (NYSE:SCCO)

Philadelphia Trust Co. raised its position in Southern Copper Co. (NYSE:SCCO) by 36.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,600 shares of the basic materials company’s stock after buying an additional 1,754 shares during the quarter. Philadelphia Trust Co.’s holdings in Southern Copper were worth $601,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. bought a new stake in Southern Copper during the fourth quarter worth $30,000. Deseret Mutual Benefit Administrators grew its position in Southern Copper by 210.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 379 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 257 shares during the last quarter. IFP Advisors Inc raised its position in Southern Copper by 143.4% in the fourth quarter. IFP Advisors Inc now owns 477 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 281 shares during the last quarter. Spire Wealth Management acquired a new stake in shares of Southern Copper during the fourth quarter valued at about $47,000. Finally, Larson Financial Group LLC grew its holdings 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 worth $48,000 after purchasing an additional 114 shares during the last quarter. 7.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SCCO has been the subject of a number of research reports. Scotiabank raised their price objective on shares of Southern Copper from $52.00 to $72.00 and gave the company a “sector underperform” rating in a report on Monday, March 10th. UBS Group upgraded shares of Southern Copper from a “neutral” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Thursday, March 13th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $94.42.

Southern Copper Price Performance

Shares of NYSE SCCO opened at $84.51 on Friday. The company has a market capitalization of $67.28 billion, a PE ratio of 19.56, a P/E/G ratio of 1.90 and a beta of 1.04. The company has a quick ratio of 2.31, a current ratio of 2.77 and a debt-to-equity ratio of 0.64. Southern Copper Co. has a twelve month low of $74.84 and a twelve month high of $127.34. The firm has a fifty day simple moving average of $92.05 and a 200 day simple moving average of $99.15.

Southern Copper (NYSE:SCCO) last posted its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.01 earnings per share 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%. On average, sell-side analysts forecast that Southern Copper Co. will post 4.66 EPS for the current year.

Southern Copper Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Tuesday, February 11th were given a dividend of $0.70 per share. This is an increase from Southern Copper’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.31%. Southern Copper’s dividend payout ratio (DPR) is 64.81%.

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.