Prudential PLC continued to hold its stake in Southern Copper Corporation (NYSE:SCCO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,411,460 shares of the basic materials company’s stock at the end of the second quarter. Prudential PLC owned about 0.18% of Southern Copper Corporation worth $48,879,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Southern Copper Corporation by 3,278.5% in the first quarter. BlackRock Inc. now owns 7,789,950 shares of the basic materials company’s stock valued at $279,583,000 after purchasing an additional 7,559,379 shares during the last quarter. Manning & Napier Advisors LLC increased its holdings in shares of Southern Copper Corporation by 10.5% in the second quarter. Manning & Napier Advisors LLC now owns 1,776,807 shares of the basic materials company’s stock valued at $61,529,000 after purchasing an additional 168,577 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Southern Copper Corporation by 1.1% in the second quarter. Northern Trust Corp now owns 1,664,436 shares of the basic materials company’s stock valued at $57,639,000 after purchasing an additional 17,711 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Southern Copper Corporation by 0.3% in the second quarter. Parametric Portfolio Associates LLC now owns 1,490,453 shares of the basic materials company’s stock valued at $51,614,000 after purchasing an additional 4,061 shares during the last quarter. Finally, Axiom International Investors LLC DE increased its holdings in shares of Southern Copper Corporation by 1.5% in the first quarter. Axiom International Investors LLC DE now owns 1,408,212 shares of the basic materials company’s stock valued at $50,541,000 after purchasing an additional 20,222 shares during the last quarter. 6.05% of the stock is owned by institutional investors and hedge funds.

Shares of Southern Copper Corporation (SCCO) traded up 3.11% on Thursday, reaching $42.39. The company had a trading volume of 464,375 shares. The firm has a market capitalization of $32.77 billion, a price-to-earnings ratio of 33.33 and a beta of 0.53. The firm has a 50-day moving average price of $40.12 and a 200 day moving average price of $37.02. Southern Copper Corporation has a 1-year low of $25.79 and a 1-year high of $42.49.

In other Southern Copper Corporation news, Chairman German Larrea Mota Velasco sold 135,000 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $39.44, for a total value of $5,324,400.00. Following the completion of the transaction, the chairman now directly owns 3,737,967 shares in the company, valued at approximately $147,425,418.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 900,670 shares of company stock valued at $35,575,771 over the last quarter. 0.53% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY NOTICE: “Prudential PLC Holds Position in Southern Copper Corporation (SCCO)” was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this story can be viewed at https://www.watchlistnews.com/prudential-plc-holds-position-in-southern-copper-corporation-scco/1610372.html.

SCCO has been the subject of several recent research reports. FBR & Co cut their price target on Southern Copper Corporation from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Friday, June 16th. Cowen and Company reaffirmed a “hold” rating and issued a $39.00 price target on shares of Southern Copper Corporation in a report on Wednesday, July 19th. BidaskClub raised Southern Copper Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. HSBC Holdings plc cut Southern Copper Corporation from a “buy” rating to a “hold” rating and set a $41.00 price target for the company. in a report on Wednesday, August 16th. Finally, Barclays PLC increased their price target on Southern Copper Corporation from $33.00 to $35.00 and gave the company an “underweight” rating in a report on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Southern Copper Corporation currently has an average rating of “Hold” and an average target price of $35.33.

Southern Copper Corporation Company Profile

Southern Copper Corporation is an integrated copper producer. It produces copper and, in the production process, obtains several by-products, including molybdenum, silver, zinc, sulfuric acid and other metals. Its segments include the Peruvian operations, the Mexican open-pit operations and the Mexican underground mining operations segment identified as the IMMSA unit.

Want to see what other hedge funds are holding SCCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southern Copper Corporation (NYSE:SCCO).

Institutional Ownership by Quarter for Southern Copper Corporation (NYSE:SCCO)

Receive News & Ratings for Southern Copper Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern Copper Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.