Register Financial Advisors LLC Buys Shares of 1,616 Southern Copper Co. (NYSE:SCCO)

Register Financial Advisors LLC acquired a new position in Southern Copper Co. (NYSE:SCCO) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,616 shares of the basic materials company’s stock, valued at approximately $172,000.

Several other institutional investors have also recently made changes to their positions in SCCO. Norges Bank purchased a new stake in shares of Southern Copper during the fourth quarter worth about $71,802,000. International Assets Investment Management LLC grew its position in shares of Southern Copper by 8,523.8% during the fourth quarter. International Assets Investment Management LLC now owns 172,907 shares of the basic materials company’s stock worth $14,882,000 after purchasing an additional 170,902 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Southern Copper by 378.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 166,398 shares of the basic materials company’s stock worth $14,322,000 after purchasing an additional 131,651 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Southern Copper by 17.5% during the third quarter. Ameriprise Financial Inc. now owns 687,501 shares of the basic materials company’s stock worth $51,854,000 after purchasing an additional 102,286 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in Southern Copper by 17.5% during the 3rd quarter. Schroder Investment Management Group now owns 519,714 shares of the basic materials company’s stock valued at $39,129,000 after buying an additional 77,518 shares in the last quarter. Institutional investors own 7.94% of the company’s stock.

Southern Copper Price Performance

Shares of Southern Copper stock opened at $107.76 on Friday. The stock has a market cap of $84.18 billion, a price-to-earnings ratio of 35.82, a price-to-earnings-growth ratio of 1.06 and a beta of 1.23. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.56 and a current ratio of 3.31. The stock has a 50 day moving average price of $114.42 and a 200-day moving average price of $98.67. Southern Copper Co. has a one year low of $67.64 and a one year high of $129.79.

Southern Copper (NYSE:SCCO) last announced its earnings results on Thursday, April 25th. The basic materials company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.17. The firm had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Southern Copper had a return on equity of 30.44% and a net margin of 24.20%. Equities analysts expect that Southern Copper Co. will post 4.45 EPS for the current year.

Southern Copper Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Wednesday, May 8th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date was Tuesday, May 7th. Southern Copper’s dividend payout ratio is currently 1.33%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Morgan Stanley raised their price target on Southern Copper from $81.70 to $100.00 and gave the company an “underweight” rating in a report on Friday, June 21st. Jefferies Financial Group upgraded Southern Copper from a “hold” rating to a “buy” rating and raised their price target for the company from $91.00 to $130.00 in a report on Friday, March 22nd. CICC Research assumed coverage on Southern Copper in a report on Wednesday, April 24th. They set an “outperform” rating for the company. Scotiabank cut their price target on Southern Copper from $55.00 to $54.00 and set a “sector underperform” rating for the company in a report on Tuesday, May 21st. Finally, StockNews.com upgraded Southern Copper from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Five investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $84.50.

Insider Buying and Selling

In related news, Director Bonilla Luis Miguel Palomino sold 300 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $118.50, for a total transaction of $35,550.00. Following the completion of the sale, the director now directly owns 4,614 shares of the company’s stock, valued at approximately $546,759. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Southern Copper news, Director PALOMINO BONILLA LUIS MIGUEL sold 3,600 shares of Southern Copper stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $118.30, for a total transaction of $425,880.00. Following the completion of the sale, the director now directly owns 2,214 shares of the company’s stock, valued at approximately $261,916.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bonilla Luis Miguel Palomino sold 300 shares of Southern Copper stock in a transaction on Monday, April 29th. The shares were sold at an average price of $118.50, for a total value of $35,550.00. Following the sale, the director now directly owns 4,614 shares of the company’s stock, valued at $546,759. The disclosure for this sale can be found here. In the last three months, insiders sold 4,100 shares of company stock valued at $483,450. Insiders own 0.08% of the company’s stock.

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