Southern Copper Co. (NYSE:SCCO) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors lowered its stake in shares of Southern Copper Co. (NYSE:SCCO) by 12.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,232 shares of the basic materials company’s stock after selling 760 shares during the quarter. Captrust Financial Advisors’ holdings in Southern Copper were worth $605,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV boosted its holdings in Southern Copper by 172.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 223 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 141 shares during the period. Itau Unibanco Holding S.A. acquired a new position in Southern Copper in the second quarter worth $31,000. McClarren Financial Advisors Inc. boosted its holdings in Southern Copper by 169.2% in the third quarter. McClarren Financial Advisors Inc. now owns 288 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 181 shares during the period. Oakworth Capital Inc. bought a new stake in Southern Copper in the third quarter valued at $42,000. Finally, Prospera Private Wealth LLC bought a new stake in Southern Copper in the third quarter valued at $47,000. Institutional investors and hedge funds own 7.94% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on SCCO. Citigroup lifted their price objective on shares of Southern Copper from $99.44 to $100.00 and gave the company a “sell” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. upgraded shares of Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 price target on the stock in a research report on Monday, December 2nd. Morgan Stanley boosted their price target on shares of Southern Copper from $97.00 to $100.00 and gave the stock an “underweight” rating in a research report on Thursday, September 19th. Finally, Scotiabank dropped their price target on Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating on the stock in a research note on Tuesday, October 15th. Five analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Southern Copper presently has an average rating of “Hold” and an average target price of $94.56.

Southern Copper Trading Up 1.0 %

NYSE:SCCO opened at $103.55 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.77 and a quick ratio of 2.31. Southern Copper Co. has a fifty-two week low of $73.78 and a fifty-two week high of $129.79. The stock’s 50-day moving average is $108.26 and its two-hundred day moving average is $107.29. The stock has a market cap of $81.34 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 1.56 and a beta of 1.14.

Southern Copper Dividend Announcement

The firm also recently announced a — dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 6th were paid a dividend of $0.62 per share. The ex-dividend date was Wednesday, November 6th. This represents a yield of 2.1%. Southern Copper’s dividend payout ratio (DPR) is presently 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.