AMP Capital Investors Ltd grew its holdings in Southern Copper Corp (NYSE:SCCO) by 36.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,576 shares of the basic materials company’s stock after purchasing an additional 2,828 shares during the quarter. AMP Capital Investors Ltd’s holdings in Southern Copper were worth $496,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Piedmont Investment Advisors LLC acquired a new stake in Southern Copper during the second quarter worth about $122,000. Navellier & Associates Inc acquired a new stake in Southern Copper during the second quarter worth about $139,000. Gables Capital Management Inc. acquired a new stake in Southern Copper during the first quarter worth about $185,000. Fisher Asset Management LLC acquired a new stake in Southern Copper during the first quarter worth about $216,000. Finally, Baird Financial Group Inc. acquired a new stake in Southern Copper during the first quarter worth about $217,000. 7.50% of the stock is currently owned by institutional investors.

A number of equities research analysts recently weighed in on SCCO shares. B. Riley decreased their target price on Southern Copper from $55.00 to $49.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 19th. JPMorgan Chase & Co. raised Southern Copper to a “sell” rating and set a $45.00 target price on the stock in a research report on Tuesday, June 5th. Berenberg Bank reissued a “sell” rating and set a $39.00 target price on shares of Southern Copper in a research report on Saturday, June 2nd. ValuEngine raised Southern Copper from a “hold” rating to a “buy” rating in a research report on Wednesday, June 6th. Finally, Scotiabank set a $40.00 target price on Southern Copper and gave the stock a “sell” rating in a research report on Monday, August 6th. Four analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Southern Copper has a consensus rating of “Hold” and an average target price of $46.31.

Shares of SCCO opened at $44.26 on Monday. The stock has a market cap of $34.21 billion, a price-to-earnings ratio of 28.74 and a beta of 0.53. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.15 and a quick ratio of 2.15. Southern Copper Corp has a 12 month low of $38.34 and a 12 month high of $58.09.

Southern Copper (NYSE:SCCO) last announced its quarterly earnings results on Wednesday, August 1st. The basic materials company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.11). Southern Copper had a return on equity of 15.48% and a net margin of 13.78%. sell-side analysts anticipate that Southern Copper Corp will post 2.42 earnings per share for the current fiscal year.

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

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