Royal Bank of Canada lessened its position in Southern Copper Corporation (NYSE:SCCO) by 88.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,484 shares of the basic materials company’s stock after selling 50,250 shares during the period. Royal Bank of Canada’s holdings in Southern Copper Corporation were worth $223,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of SCCO. Vanguard Group Inc. increased its stake in Southern Copper Corporation by 1.7% in the first quarter. Vanguard Group Inc. now owns 738,289 shares of the basic materials company’s stock valued at $26,497,000 after purchasing an additional 12,086 shares in the last quarter. Geode Capital Management LLC increased its stake in Southern Copper Corporation by 11.6% in the first quarter. Geode Capital Management LLC now owns 209,250 shares of the basic materials company’s stock valued at $7,492,000 after purchasing an additional 21,685 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Southern Copper Corporation by 15.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 270,974 shares of the basic materials company’s stock valued at $9,726,000 after purchasing an additional 35,616 shares in the last quarter. Aperio Group LLC increased its stake in Southern Copper Corporation by 2.3% in the second quarter. Aperio Group LLC now owns 142,423 shares of the basic materials company’s stock valued at $4,932,000 after purchasing an additional 3,227 shares in the last quarter. Finally, Sit Investment Associates Inc. increased its stake in Southern Copper Corporation by 68.8% in the second quarter. Sit Investment Associates Inc. now owns 5,400 shares of the basic materials company’s stock valued at $187,000 after purchasing an additional 2,200 shares in the last quarter. 6.16% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on the stock. B. Riley reiterated a “buy” rating on shares of Southern Copper Corporation in a report on Wednesday, November 1st. Zacks Investment Research cut shares of Southern Copper Corporation from a “buy” rating to a “hold” rating in a report on Saturday, November 11th. BidaskClub upgraded shares of Southern Copper Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 17th. Scotiabank cut shares of Southern Copper Corporation from a “sector perform” rating to an “underperform” rating in a report on Monday, October 23rd. Finally, FBR & Co reiterated a “buy” rating on shares of Southern Copper Corporation in a report on Monday, October 23rd. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $38.88.

Southern Copper Corporation (NYSE SCCO) opened at $43.81 on Thursday. Southern Copper Corporation has a 1-year low of $31.55 and a 1-year high of $44.69. The company has a market cap of $33,812.25, a price-to-earnings ratio of 34.17, a P/E/G ratio of 0.70 and a beta of 0.63. The company has a current ratio of 3.01, a quick ratio of 2.00 and a debt-to-equity ratio of 0.90.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th were issued a dividend of $0.25 per share. This is a boost from Southern Copper Corporation’s previous quarterly dividend of $0.14. The ex-dividend date was Tuesday, November 7th. This represents a $1.00 annualized dividend and a yield of 2.28%. Southern Copper Corporation’s dividend payout ratio is presently 78.13%.

COPYRIGHT VIOLATION NOTICE: “Southern Copper Corporation (SCCO) Holdings Reduced by Royal Bank of Canada” was first reported by Watch List News and is owned by of Watch List News. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://www.watchlistnews.com/southern-copper-corporation-scco-holdings-reduced-by-royal-bank-of-canada/1721140.html.

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.