Raymond James & Associates Raises Position in Southern Copper Corp (SCCO)
Raymond James & Associates increased its stake in Southern Copper Corp (NYSE:SCCO) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,397 shares of the basic materials company’s stock after purchasing an additional 359 shares during the quarter. Raymond James & Associates’ holdings in Southern Copper were worth $443,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of SCCO. Gateway Investment Advisers LLC boosted its stake in shares of Southern Copper by 0.6% during the 4th quarter. Gateway Investment Advisers LLC now owns 181,020 shares of the basic materials company’s stock worth $5,570,000 after acquiring an additional 1,088 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its stake in shares of Southern Copper by 2.0% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 110,386 shares of the basic materials company’s stock worth $3,397,000 after acquiring an additional 2,207 shares during the last quarter. Quantamental Technologies LLC purchased a new position in shares of Southern Copper during the 4th quarter worth $74,000. New York State Common Retirement Fund boosted its stake in shares of Southern Copper by 0.6% during the 4th quarter. New York State Common Retirement Fund now owns 418,928 shares of the basic materials company’s stock worth $12,890,000 after acquiring an additional 2,600 shares during the last quarter. Finally, Hansberger Growth Investors LP boosted its stake in shares of Southern Copper by 5.2% during the 4th quarter. Hansberger Growth Investors LP now owns 58,740 shares of the basic materials company’s stock worth $1,807,000 after acquiring an additional 2,902 shares during the last quarter. Institutional investors own 7.22% of the company’s stock.
SCCO opened at $40.75 on Wednesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.61 and a quick ratio of 1.77. Southern Copper Corp has a fifty-two week low of $29.01 and a fifty-two week high of $58.09.
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Southern Copper Company Profile
Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador. 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 and lead.
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