UBS Group AG trimmed its stake in shares of Southern Copper Corp (NYSE:SCCO) by 14.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 168,640 shares of the basic materials company’s stock after selling 27,450 shares during the quarter. UBS Group AG’s holdings in Southern Copper were worth $4,749,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new stake in shares of Southern Copper during the 4th quarter worth about $25,000. Synovus Financial Corp bought a new stake in shares of Southern Copper during the 1st quarter worth about $25,000. OmniStar Financial Group Inc. bought a new stake in shares of Southern Copper during the 1st quarter worth about $26,000. Parallel Advisors LLC raised its position in shares of Southern Copper by 103.5% during the 4th quarter. Parallel Advisors LLC now owns 647 shares of the basic materials company’s stock worth $27,000 after buying an additional 329 shares in the last quarter. Finally, Perkins Coie Trust Co acquired a new position in shares of Southern Copper in the 1st quarter worth approximately $28,000. Institutional investors own 6.59% of the company’s stock.

In related news, Director Perez Alfredo Casar sold 11,625 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $31.58, for a total transaction of $367,117.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.46% of the company’s stock.

SCCO has been the topic of several recent research reports. Zacks Investment Research cut shares of Southern Copper from a “hold” rating to a “strong sell” rating and set a $30.00 price objective on the stock. in a research note on Friday, May 1st. ValuEngine raised shares of Southern Copper from a “sell” rating to a “hold” rating in a research note on Tuesday, February 18th. UBS Group lifted their price objective on shares of Southern Copper from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. lowered their price objective on shares of Southern Copper from $38.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 15th. Finally, Bradesco Corretora cut shares of Southern Copper from a “neutral” rating to an “underperform” rating and set a $24.00 price objective on the stock. in a research note on Friday, March 20th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Southern Copper currently has a consensus rating of “Hold” and an average price target of $34.25.

Southern Copper stock opened at $35.48 on Friday. The firm’s 50 day simple moving average is $31.44 and its 200-day simple moving average is $36.14. The company has a market cap of $27.10 billion, a P/E ratio of 20.87, a price-to-earnings-growth ratio of 2.62 and a beta of 1.05. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.98 and a quick ratio of 2.21. Southern Copper Corp has a fifty-two week low of $23.43 and a fifty-two week high of $44.82.

Southern Copper (NYSE:SCCO) last released its earnings results on Monday, April 27th. The basic materials company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.11). The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Southern Copper had a return on equity of 19.25% and a net margin of 18.10%. On average, analysts expect that Southern Copper Corp will post 1.08 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Tuesday, May 12th. Southern Copper’s payout ratio is presently 41.67%.

Southern Copper Company Profile

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 and lead.

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

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