5,199 Shares in Southern Copper Co. (NYSE:SCCO) Acquired by Virtu Financial LLC

Virtu Financial LLC bought a new position in shares of Southern Copper Co. (NYSE:SCCO) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 5,199 shares of the basic materials company’s stock, valued at approximately $554,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norden Group LLC bought a new position in shares of Southern Copper during the 1st quarter worth approximately $1,820,000. Tyche Wealth Partners LLC bought a new position in Southern Copper in the 4th quarter valued at $1,668,000. Los Angeles Capital Management LLC raised its position in Southern Copper by 471.0% in the 1st quarter. Los Angeles Capital Management LLC now owns 31,655 shares of the basic materials company’s stock valued at $3,372,000 after purchasing an additional 26,111 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Southern Copper by 378.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 166,398 shares of the basic materials company’s stock valued at $14,322,000 after purchasing an additional 131,651 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in Southern Copper by 119.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 41,223 shares of the basic materials company’s stock valued at $3,548,000 after purchasing an additional 22,471 shares during the last quarter. Institutional investors own 7.94% of the company’s stock.

Southern Copper Trading Down 2.7 %

Shares of Southern Copper stock traded down $2.74 during trading on Friday, reaching $99.48. 1,028,965 shares of the company were exchanged, compared to its average volume of 1,198,788. The company has a quick ratio of 2.56, a current ratio of 3.31 and a debt-to-equity ratio of 0.82. Southern Copper Co. has a twelve month low of $68.93 and a twelve month high of $129.79. The business has a 50-day moving average price of $110.44 and a 200-day moving average price of $102.89. The firm has a market capitalization of $77.71 billion, a price-to-earnings ratio of 32.70, a P/E/G ratio of 1.09 and a beta of 1.20.

Southern Copper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Investors of record on Friday, August 9th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.41%. Southern Copper’s dividend payout ratio (DPR) is presently 92.07%.

Wall Street Analyst Weigh In

SCCO has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on Southern Copper from $81.70 to $100.00 and gave the company an “underweight” rating in a research report on Friday, June 21st. UBS Group started coverage on Southern Copper in a research note on Friday, July 12th. They issued a “neutral” rating and a $120.00 target price for the company. Scotiabank lowered their target price on Southern Copper from $55.00 to $54.00 and set a “sector underperform” rating for the company in a research note on Tuesday, May 21st. CICC Research started coverage on Southern Copper in a research note on Wednesday, April 24th. They issued an “outperform” rating for the company. Finally, HSBC cut Southern Copper from a “hold” rating to a “reduce” rating and set a $80.00 target price for the company. in a research note on Monday, April 22nd. Five research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $89.57.

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.