Two Sigma Investments LP Has $28.06 Million Position in Southern Copper Co. (NYSE:SCCO)

Two Sigma Investments LP raised its stake in shares of Southern Copper Co. (NYSE:SCCO) by 30.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 307,868 shares of the basic materials company’s stock after buying an additional 72,259 shares during the quarter. Two Sigma Investments LP’s holdings in Southern Copper were worth $28,056,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Merit Financial Group LLC bought a new stake in Southern Copper in the 4th quarter valued at approximately $1,106,000. Ameritas Advisory Services LLC lifted its stake in Southern Copper by 18.2% in the 4th quarter. Ameritas Advisory Services LLC now owns 3,500 shares of the basic materials company’s stock valued at $319,000 after acquiring an additional 538 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Southern Copper by 30.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 893 shares of the basic materials company’s stock valued at $81,000 after acquiring an additional 210 shares in the last quarter. Atomi Financial Group Inc. lifted its stake in Southern Copper by 1.5% in the 4th quarter. Atomi Financial Group Inc. now owns 9,509 shares of the basic materials company’s stock valued at $867,000 after acquiring an additional 145 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Southern Copper by 0.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 24,426 shares of the basic materials company’s stock valued at $2,226,000 after acquiring an additional 144 shares in the last quarter. 7.94% of the stock is currently owned by institutional investors and hedge funds.

Southern Copper Stock Down 0.7%

SCCO opened at $90.99 on Thursday. Southern Copper Co. has a 1-year low of $74.11 and a 1-year high of $119.97. The stock’s fifty day simple moving average is $90.53 and its 200 day simple moving average is $94.52. The company has a current ratio of 2.77, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. The stock has a market cap of $72.44 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 1.90 and a beta of 1.05.

Southern Copper (NYSE:SCCO) last posted its quarterly earnings results on Friday, April 25th. The basic materials company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.14. Southern Copper had a return on equity of 40.27% and a net margin of 29.53%. The business had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.05 billion. As a group, research analysts expect that Southern Copper Co. will post 4.66 earnings per share for the current year.

Southern Copper Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 5th were paid a $0.70 dividend. This represents a yield of 2.98%. The ex-dividend date was Friday, May 2nd. Southern Copper’s dividend payout ratio (DPR) is presently 61.27%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. JPMorgan Chase & Co. cut their target price on Southern Copper from $84.00 to $83.50 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Hsbc Global Res upgraded Southern Copper from a “moderate sell” rating to a “hold” rating in a research note on Thursday, April 24th. StockNews.com cut Southern Copper from a “buy” rating to a “hold” rating in a research note on Tuesday. Scotiabank upped their price objective on Southern Copper from $52.00 to $72.00 and gave the stock a “sector underperform” rating in a research note on Monday, March 10th. Finally, UBS Group dropped their price objective on Southern Copper from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $91.50.

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.