Southern Copper Co. (NYSE:SCCO) Shares Bought by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. grew its position in Southern Copper Co. (NYSE:SCCO) by 5.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 49,404 shares of the basic materials company’s stock after acquiring an additional 2,518 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Southern Copper were worth $5,715,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Creative Financial Designs Inc. ADV raised its position 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 valued at $26,000 after purchasing an additional 141 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of Southern Copper in the second quarter valued at about $31,000. McClarren Financial Advisors Inc. raised its holdings in shares of Southern Copper by 169.2% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 288 shares of the basic materials company’s stock valued at $33,000 after buying an additional 181 shares during the period. Oakworth Capital Inc. purchased a new stake in shares of Southern Copper during the 3rd quarter valued at about $42,000. Finally, Prospera Private Wealth LLC acquired a new position in Southern Copper during the 3rd quarter worth approximately $47,000. Hedge funds and other institutional investors own 7.94% of the company’s stock.

Southern Copper Trading Up 0.6 %

NYSE SCCO opened at $100.35 on Monday. The firm’s 50 day moving average price is $110.08 and its two-hundred day moving average price is $108.28. The stock has a market cap of $78.83 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 1.55 and a beta of 1.18. Southern Copper Co. has a twelve month low of $70.92 and a twelve month high of $129.79. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77.

Southern Copper Announces Dividend

The business also recently disclosed a — dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 6th were given a dividend of $0.62 per share. This represents a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, November 6th. Southern Copper’s payout ratio is presently 72.16%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SCCO. Scotiabank lowered their price target on shares of Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating for the company in a report on Tuesday, October 15th. Citigroup raised their target price on Southern Copper from $99.44 to $100.00 and gave the company a “sell” rating in a research note on Wednesday, October 2nd. Finally, Morgan Stanley increased their price target on Southern Copper from $97.00 to $100.00 and gave the company an “underweight” rating in a report on Thursday, September 19th. Six investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Southern Copper currently has a consensus rating of “Hold” and a consensus price target of $90.63.

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.