Southern Copper Corporation $SCCO Shares Acquired by Schroder Investment Management Group

Schroder Investment Management Group increased its position in Southern Copper Corporation (NYSE:SCCO) by 54.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 505,284 shares of the basic materials company’s stock after buying an additional 178,350 shares during the quarter. Schroder Investment Management Group owned about 0.06% of Southern Copper worth $61,321,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in SCCO. Norges Bank acquired a new position in shares of Southern Copper during the second quarter worth $57,901,000. HRT Financial LP acquired a new stake in Southern Copper during the 2nd quarter valued at $29,771,000. Man Group plc increased its stake in Southern Copper by 65.4% during the 2nd quarter. Man Group plc now owns 467,119 shares of the basic materials company’s stock worth $47,258,000 after buying an additional 184,641 shares during the period. JPMorgan Chase & Co. increased its stake in Southern Copper by 10.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,719,883 shares of the basic materials company’s stock worth $174,002,000 after buying an additional 168,005 shares during the period. Finally, Ossiam lifted its holdings in Southern Copper by 236,557.7% in the 2nd quarter. Ossiam now owns 168,027 shares of the basic materials company’s stock worth $16,999,000 after buying an additional 167,956 shares in the last quarter. Hedge funds and other institutional investors own 7.94% of the company’s stock.

Insider Transactions at Southern Copper

In other Southern Copper news, Director Lerdo De Tejada Leon Contreras sold 9,326 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $209.56, for a total transaction of $1,954,344.91. Following the transaction, the director owned 605 shares of the company’s stock, valued at $126,783.04. This trade represents a 93.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.07% of the stock is owned by insiders.

Southern Copper Price Performance

SCCO opened at $195.91 on Wednesday. The company has a market capitalization of $159.11 billion, a P/E ratio of 36.82, a PEG ratio of 1.97 and a beta of 1.03. The company has a 50-day moving average of $188.43 and a 200-day moving average of $147.78. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.40 and a current ratio of 3.89. Southern Copper Corporation has a 1-year low of $74.84 and a 1-year high of $223.88.

Southern Copper Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 10th were issued a $1.00 dividend. This is an increase from Southern Copper’s previous quarterly dividend of $0.90. This represents a $4.00 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, February 10th. Southern Copper’s dividend payout ratio is presently 75.19%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Citigroup reissued a “sell” rating on shares of Southern Copper in a research report on Monday, January 12th. Zacks Research cut Southern Copper from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 8th. Wall Street Zen downgraded Southern Copper from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. The Goldman Sachs Group restated a “sell” rating and set a $127.91 price objective on shares of Southern Copper in a research note on Wednesday, January 14th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Southern Copper in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and eight have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Southern Copper currently has a consensus rating of “Reduce” and an average price target of $139.99.

Southern Copper Profile

Southern Copper Corporation (NYSE: SCCO) is a large, integrated copper producer whose operations span the full value chain from exploration and mining to smelting, refining and the sale of copper and other metal products. The company produces a range of copper products including copper concentrate and refined cathodes, and recovers valuable byproducts such as molybdenum, silver and zinc. Southern Copper concentrates on high-volume, long-life assets designed to support steady production and processing capabilities.

Southern Copper’s operations are concentrated in Peru and Mexico, where it owns and operates multiple large-scale mining and processing facilities.