Kovack Advisors Inc. Buys 169 Shares of Southern Copper Co. (NYSE:SCCO)

Kovack Advisors Inc. boosted its position in shares of Southern Copper Co. (NYSE:SCCO) by 3.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,044 shares of the basic materials company’s stock after acquiring an additional 169 shares during the quarter. Kovack Advisors Inc.’s holdings in Southern Copper were worth $460,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV increased its stake in shares of 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 in the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in Southern Copper by 210.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 379 shares of the basic materials company’s stock worth $35,000 after buying an additional 257 shares during the period. IFP Advisors Inc boosted its holdings in Southern Copper by 143.4% in the 4th quarter. IFP Advisors Inc now owns 477 shares of the basic materials company’s stock worth $43,000 after buying an additional 281 shares during the period. Prospera Private Wealth LLC purchased a new stake in Southern Copper in the 3rd quarter worth $47,000. Finally, Larson Financial Group LLC raised its holdings in Southern Copper by 578.3% during the third quarter. Larson Financial Group LLC now owns 407 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 347 shares during the period. Hedge funds and other institutional investors own 7.94% of the company’s stock.

Southern Copper Stock Performance

NYSE SCCO opened at $88.78 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. Southern Copper Co. has a 1-year low of $79.33 and a 1-year high of $129.79. The business has a 50 day simple moving average of $94.35 and a two-hundred day simple moving average of $101.61. The stock has a market capitalization of $69.74 billion, a PE ratio of 20.55, a P/E/G ratio of 1.90 and a beta of 1.13.

Southern Copper (NYSE:SCCO) last posted its earnings results on Wednesday, February 12th. The basic materials company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.01). Southern Copper had a net margin of 29.53% and a return on equity of 40.27%. On average, research analysts predict that Southern Copper Co. will post 4.66 EPS for the current fiscal year.

Southern Copper Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Tuesday, February 11th were paid a $0.70 dividend. This is a boost from Southern Copper’s previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend was Tuesday, February 11th. Southern Copper’s dividend payout ratio (DPR) is presently 64.81%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SCCO shares. JPMorgan Chase & Co. raised Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 price objective for the company in a research note on Monday, December 2nd. Morgan Stanley upgraded Southern Copper from an “underweight” rating to an “equal weight” rating and dropped their price target for the stock from $106.30 to $102.00 in a research note on Thursday, December 12th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $94.81.

Southern Copper 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.