RoundAngle Advisors LLC Purchases Shares of 13,169 Southern Copper Co. (NYSE:SCCO)

RoundAngle Advisors LLC acquired a new position in shares of Southern Copper Co. (NYSE:SCCO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 13,169 shares of the basic materials company’s stock, valued at approximately $1,200,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SCCO. Creative Financial Designs Inc. ADV boosted its position in Southern Copper by 172.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 223 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 141 shares during the period. Itau Unibanco Holding S.A. bought a new stake in shares of Southern Copper during the second quarter valued at about $31,000. McClarren Financial Advisors Inc. lifted its holdings in Southern Copper by 169.2% in the third quarter. McClarren Financial Advisors Inc. now owns 288 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 181 shares during the period. Oakworth Capital Inc. bought a new position in Southern Copper in the 3rd quarter valued at about $42,000. Finally, Prospera Private Wealth LLC acquired a new position in Southern Copper during the 3rd quarter valued at about $47,000. 7.94% of the stock is owned by institutional investors.

Southern Copper Trading Up 0.7 %

NYSE:SCCO opened at $98.10 on Monday. The stock has a fifty day simple moving average of $97.79 and a 200 day simple moving average of $104.19. 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 firm has a market capitalization of $77.06 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 1.49 and a beta of 1.14. Southern Copper Co. has a 1-year low of $77.42 and a 1-year high of $129.79.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SCCO. Scotiabank reduced 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 research note on Tuesday, October 15th. Citigroup increased their price target on Southern Copper from $99.44 to $100.00 and gave the company a “sell” rating in a research note on Wednesday, October 2nd. Morgan Stanley upgraded Southern Copper from an “underweight” rating to an “equal weight” rating and lowered their price target for the company from $106.30 to $102.00 in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. upgraded Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 price objective for the company in a report on Monday, December 2nd. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $94.81.

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.