Mission Wealth Management LP Purchases 665 Shares of Southern Copper Co. (NYSE:SCCO)

Mission Wealth Management LP raised its position in Southern Copper Co. (NYSE:SCCO) by 16.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,597 shares of the basic materials company’s stock after purchasing an additional 665 shares during the period. Mission Wealth Management LP’s holdings in Southern Copper were worth $419,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. M&T Bank Corp boosted its holdings in Southern Copper by 0.5% in the 3rd quarter. M&T Bank Corp now owns 20,460 shares of the basic materials company’s stock valued at $2,367,000 after purchasing an additional 105 shares during the period. Tyche Wealth Partners LLC raised its position in shares of Southern Copper by 0.6% during the 4th quarter. Tyche Wealth Partners LLC now owns 19,807 shares of the basic materials company’s stock valued at $1,805,000 after buying an additional 122 shares in the last quarter. Yousif Capital Management LLC raised its position in shares of Southern Copper by 0.9% during the 4th quarter. Yousif Capital Management LLC now owns 14,390 shares of the basic materials company’s stock valued at $1,311,000 after buying an additional 122 shares in the last quarter. HMS Capital Management LLC raised its position in shares of Southern Copper by 5.8% during the 3rd quarter. HMS Capital Management LLC now owns 2,388 shares of the basic materials company’s stock valued at $276,000 after buying an additional 131 shares in the last quarter. Finally, 180 Wealth Advisors LLC raised its position in shares of Southern Copper by 3.6% during the 4th quarter. 180 Wealth Advisors LLC now owns 4,062 shares of the basic materials company’s stock valued at $370,000 after buying an additional 140 shares in the last quarter. 7.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SCCO has been the topic of several research reports. Morgan Stanley upgraded shares of Southern Copper from an “underweight” rating to an “equal weight” rating and lowered their price objective for the company from $106.30 to $102.00 in a research report on Thursday, December 12th. JPMorgan Chase & Co. upgraded shares of Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 price objective on the stock in a research report on Monday, December 2nd. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $94.81.

Southern Copper Price Performance

Shares of NYSE:SCCO opened at $90.30 on Thursday. The stock has a market cap of $70.93 billion, a PE ratio of 20.90, a PEG ratio of 1.90 and a beta of 1.12. The company’s fifty day moving average is $93.95 and its 200 day moving average is $101.28. Southern Copper Co. has a 52 week low of $81.12 and a 52 week high of $129.79. The company has a quick ratio of 2.31, a current ratio of 2.77 and a debt-to-equity ratio of 0.64.

Southern Copper (NYSE:SCCO) last released its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.01). Southern Copper had a net margin of 29.53% and a return on equity of 40.27%. Research analysts anticipate that Southern Copper Co. will post 4.66 earnings per share for the current year.

Southern Copper Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Tuesday, February 11th were given a $0.70 dividend. This is a boost from Southern Copper’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.10%. Southern Copper’s payout ratio is presently 64.81%.

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.