ORG Partners LLC Has $577,000 Stake in Southern Copper Corporation $SCCO

ORG Partners LLC lifted its stake in Southern Copper Corporation (NYSE:SCCO) by 7,444.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,753 shares of the basic materials company’s stock after purchasing an additional 4,690 shares during the period. ORG Partners LLC’s holdings in Southern Copper were worth $577,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SCCO. JPMorgan Chase & Co. boosted its holdings in Southern Copper by 10.8% in the second quarter. JPMorgan Chase & Co. now owns 1,719,883 shares of the basic materials company’s stock valued at $174,002,000 after acquiring an additional 168,005 shares during the last quarter. Empower Advisory Group LLC increased its stake in Southern Copper by 8.4% in the second quarter. Empower Advisory Group LLC now owns 979,877 shares of the basic materials company’s stock valued at $99,134,000 after purchasing an additional 75,653 shares in the last quarter. Legal & General Group Plc lifted its holdings in Southern Copper by 4.3% during the second quarter. Legal & General Group Plc now owns 941,712 shares of the basic materials company’s stock worth $95,273,000 after acquiring an additional 38,856 shares in the last quarter. Bollard Group LLC lifted its holdings in shares of Southern Copper by 14.1% during the 2nd quarter. Bollard Group LLC now owns 834,344 shares of the basic materials company’s stock valued at $84,411,000 after purchasing an additional 103,014 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its holdings in shares of Southern Copper by 22.6% in the second quarter. 1832 Asset Management L.P. now owns 697,642 shares of the basic materials company’s stock valued at $70,580,000 after buying an additional 128,423 shares during the period. Institutional investors and hedge funds own 7.94% of the company’s stock.

Insider Buying and Selling

In other Southern Copper news, Director Bonilla Luis Miguel Palomino sold 400 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $139.00, for a total transaction of $55,600.00. Following the completion of the sale, the director directly owned 1,265 shares in the company, valued at $175,835. This trade represents a 24.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last quarter, insiders have sold 948 shares of company stock valued at $131,130. 0.07% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SCCO has been the topic of a number of research analyst reports. UBS Group restated a “neutral” rating and set a $143.00 price objective (up from $135.00) on shares of Southern Copper in a report on Friday, December 12th. Weiss Ratings restated a “buy (b)” rating on shares of Southern Copper in a report on Monday, December 29th. HSBC reiterated a “hold” rating and set a $118.00 price objective (up from $105.00) on shares of Southern Copper in a report on Friday, October 17th. Wells Fargo & Company set a $144.00 target price on Southern Copper and gave the company an “equal weight” rating in a research note on Tuesday, December 23rd. Finally, Wall Street Zen cut shares of Southern Copper from a “buy” rating to a “hold” rating in a research note on Saturday. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $123.85.

Southern Copper Stock Up 6.2%

SCCO stock opened at $170.55 on Friday. The company has a market cap of $138.52 billion, a price-to-earnings ratio of 35.75, a P/E/G ratio of 1.44 and a beta of 1.06. Southern Copper Corporation has a twelve month low of $74.84 and a twelve month high of $171.08. The business has a 50 day moving average price of $140.40 and a two-hundred day moving average price of $119.82. The company has a quick ratio of 3.91, a current ratio of 4.52 and a debt-to-equity ratio of 0.64.

Southern Copper (NYSE:SCCO) last released its earnings results on Friday, October 31st. The basic materials company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.09. The business had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Southern Copper had a net margin of 30.98% and a return on equity of 38.74%. Analysts anticipate that Southern Copper Corporation will post 4.66 EPS for the current fiscal year.

Southern Copper Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Wednesday, November 12th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Wednesday, November 12th. Southern Copper’s dividend payout ratio is 75.47%.

Southern Copper Profile

Southern Copper Corporation (NYSE: SCCO) is a large, integrated copper producer whose operations span the full value chain from exploration and mining to smelting, refining and the sale of copper and other metal products. The company produces a range of copper products including copper concentrate and refined cathodes, and recovers valuable byproducts such as molybdenum, silver and zinc. Southern Copper concentrates on high-volume, long-life assets designed to support steady production and processing capabilities.

Southern Copper’s operations are concentrated in Peru and Mexico, where it owns and operates multiple large-scale mining and processing facilities.