Centerstone Investors LLC Sells 5,224 Shares of Southern Copper Co. (NYSE:SCCO)

Centerstone Investors LLC reduced its stake in Southern Copper Co. (NYSE:SCCO) by 22.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,071 shares of the basic materials company’s stock after selling 5,224 shares during the quarter. Southern Copper makes up approximately 2.4% of Centerstone Investors LLC’s investment portfolio, making the stock its 17th biggest position. Centerstone Investors LLC’s holdings in Southern Copper were worth $1,647,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Southern Copper during the 4th quarter valued at $30,000. Deseret Mutual Benefit Administrators boosted its stake in shares of Southern Copper by 210.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 379 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 257 shares during the period. IFP Advisors Inc grew its position in shares of Southern Copper by 143.4% during the fourth quarter. IFP Advisors Inc now owns 477 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 281 shares in the last quarter. Spire Wealth Management bought a new position in Southern Copper in the 4th quarter worth approximately $47,000. Finally, Larson Financial Group LLC grew its holdings in Southern Copper by 28.0% during the 4th quarter. Larson Financial Group LLC now owns 521 shares of the basic materials company’s stock valued at $48,000 after buying an additional 114 shares in the last quarter. 7.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

SCCO has been the topic of several research analyst reports. UBS Group lowered their target price on shares of Southern Copper from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Scotiabank boosted their price target on shares of Southern Copper from $52.00 to $72.00 and gave the stock a “sector underperform” rating in a research note on Monday, March 10th. Hsbc Global Res upgraded Southern Copper from a “moderate sell” rating to a “hold” rating in a research report on Thursday, April 24th. Wall Street Zen downgraded Southern Copper from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. cut their price target on Southern Copper from $84.00 to $83.50 and set a “neutral” rating for the company in a report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $91.50.

Southern Copper Stock Performance

Southern Copper stock opened at $90.36 on Friday. The company’s 50-day moving average price is $90.38 and its 200-day moving average price is $94.38. The company has a quick ratio of 2.31, a current ratio of 2.77 and a debt-to-equity ratio of 0.64. The company has a market cap of $71.94 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 1.90 and a beta of 1.05. Southern Copper Co. has a twelve month low of $74.11 and a twelve month high of $119.97.

Southern Copper (NYSE:SCCO) last released its quarterly earnings results on Friday, April 25th. The basic materials company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.05 by $0.14. Southern Copper had a return on equity of 40.27% and a net margin of 29.53%. The company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.05 billion. On average, equities research analysts forecast that Southern Copper Co. will post 4.66 EPS for the current fiscal year.

Southern Copper Announces Dividend

The business also recently announced a dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 5th were given a dividend of $0.70 per share. This represents a dividend yield of 2.98%. The ex-dividend date of this dividend was Friday, May 2nd. Southern Copper’s dividend payout ratio is currently 61.27%.

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.