Kingsview Wealth Management LLC Has $451,000 Stock Position in Southern Copper Co. (NYSE:SCCO)

Kingsview Wealth Management LLC decreased its stake in shares of Southern Copper Co. (NYSE:SCCO) by 8.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,902 shares of the basic materials company’s stock after selling 376 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Southern Copper were worth $451,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Ensign Peak Advisors Inc increased its position in shares of Southern Copper by 1.0% during the 2nd quarter. Ensign Peak Advisors Inc now owns 10,558 shares of the basic materials company’s stock worth $1,138,000 after purchasing an additional 108 shares during the last quarter. Prudential PLC increased its holdings in shares of Southern Copper by 1.0% during the 2nd quarter. Prudential PLC now owns 10,667 shares of the basic materials company’s stock worth $1,149,000 after acquiring an additional 109 shares during the last quarter. Tyche Wealth Partners LLC increased its holdings in shares of Southern Copper by 0.6% during the 3rd quarter. Tyche Wealth Partners LLC now owns 19,685 shares of the basic materials company’s stock worth $2,277,000 after acquiring an additional 109 shares during the last quarter. Greenwood Capital Associates LLC increased its holdings in shares of Southern Copper by 0.7% during the 3rd quarter. Greenwood Capital Associates LLC now owns 15,722 shares of the basic materials company’s stock worth $1,819,000 after acquiring an additional 112 shares during the last quarter. Finally, Inspire Advisors LLC increased its holdings in shares of Southern Copper by 3.9% during the 3rd quarter. Inspire Advisors LLC now owns 3,001 shares of the basic materials company’s stock worth $347,000 after acquiring an additional 113 shares during the last quarter. Institutional investors and hedge funds own 7.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Citigroup boosted their target price on Southern Copper from $99.44 to $100.00 and gave the stock a “sell” rating in a report on Wednesday, October 2nd. Morgan Stanley boosted their target price on Southern Copper from $97.00 to $100.00 and gave the stock an “underweight” rating in a report on Thursday, September 19th. Finally, Scotiabank decreased their price objective on Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating on the stock in a report on Tuesday, October 15th. Six investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Southern Copper has an average rating of “Hold” and an average price target of $90.63.

Southern Copper Stock Performance

Shares of NYSE SCCO opened at $99.71 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.77 and a quick ratio of 2.31. The stock’s fifty day moving average price is $110.15 and its two-hundred day moving average price is $108.64. Southern Copper Co. has a one year low of $70.63 and a one year high of $129.79. The firm has a market cap of $78.33 billion, a price-to-earnings ratio of 25.70, a P/E/G ratio of 1.05 and a beta of 1.18.

Southern Copper Dividend Announcement

The business also recently declared a — dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 6th were paid a $0.62 dividend. The ex-dividend date was Wednesday, November 6th. This represents a dividend yield of 2.1%. Southern Copper’s payout ratio is 72.16%.

About Southern Copper

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, copper, molybdenum, silver, gold, and lead.