Marshall Financial Group LLC Grows Stock Position in Southern Copper Co. (NYSE:SCCO)

Marshall Financial Group LLC raised its position in Southern Copper Co. (NYSE:SCCO) by 1.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,691 shares of the basic materials company’s stock after buying an additional 292 shares during the quarter. Marshall Financial Group LLC’s holdings in Southern Copper were worth $2,027,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. purchased a new stake in Southern Copper in the 4th quarter worth about $30,000. Deseret Mutual Benefit Administrators lifted its holdings in Southern Copper by 210.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 379 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 257 shares during the last quarter. IFP Advisors Inc boosted its position in 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 during the period. Larson Financial Group LLC boosted its position in Southern Copper by 28.0% during the fourth quarter. Larson Financial Group LLC now owns 521 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 114 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new position in shares of Southern Copper in the fourth quarter worth about $51,000. Hedge funds and other institutional investors own 7.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Wall Street Zen cut shares of Southern Copper from a “buy” rating to a “hold” rating in a research note on Tuesday, May 20th. Itau BBA Securities raised shares of Southern Copper from an “underperform” rating to a “market perform” rating in a report on Wednesday. UBS Group cut their price target on Southern Copper from $120.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. JPMorgan Chase & Co. reduced their price target on Southern Copper from $84.00 to $83.50 and set a “neutral” rating for the company in a research report on Monday, April 14th. Finally, Scotiabank increased their price objective on Southern Copper from $52.00 to $72.00 and gave the stock a “sector underperform” rating in a report on Monday, March 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $91.50.

Southern Copper Stock Performance

NYSE SCCO opened at $95.87 on Friday. The company’s 50 day simple moving average is $90.29 and its two-hundred day simple moving average is $93.32. 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 $74.11 and a 1 year high of $118.64. The stock has a market capitalization of $76.33 billion, a PE ratio of 22.19, a P/E/G ratio of 1.90 and a beta of 1.01.

Southern Copper (NYSE:SCCO) last issued its quarterly earnings data on Friday, April 25th. The basic materials company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.14. The company had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.05 billion. Southern Copper had a return on equity of 40.27% and a net margin of 29.53%. Analysts predict that Southern Copper Co. will post 4.66 earnings per share for the current fiscal year.

Southern Copper Announces Dividend

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

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.