Entropy Technologies LP Makes New $781,000 Investment in Southern Copper Co. (NYSE:SCCO)

Entropy Technologies LP purchased a new stake in shares of Southern Copper Co. (NYSE:SCCO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,575 shares of the basic materials company’s stock, valued at approximately $781,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in SCCO. Sanctuary Advisors LLC purchased a new position in Southern Copper during the 2nd quarter valued at about $611,000. GAMMA Investing LLC boosted its stake in shares of Southern Copper by 53.0% during the third quarter. GAMMA Investing LLC now owns 517 shares of the basic materials company’s stock valued at $60,000 after purchasing an additional 179 shares in the last quarter. Brookstone Capital Management increased its holdings in Southern Copper by 4.7% during the third quarter. Brookstone Capital Management now owns 3,047 shares of the basic materials company’s stock valued at $352,000 after buying an additional 137 shares during the period. Empirical Asset Management LLC raised its stake in Southern Copper by 12.0% in the third quarter. Empirical Asset Management LLC now owns 2,859 shares of the basic materials company’s stock worth $331,000 after buying an additional 306 shares in the last quarter. Finally, Creative Planning lifted its holdings in Southern Copper by 4.4% during the third quarter. Creative Planning now owns 49,328 shares of the basic materials company’s stock worth $5,706,000 after buying an additional 2,092 shares during the period. 7.94% of the stock is currently owned by institutional investors.

Southern Copper Trading Down 5.1 %

Southern Copper stock opened at $92.09 on Wednesday. Southern Copper Co. has a one year low of $77.42 and a one year high of $129.79. The stock has a market cap of $72.34 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 1.85 and a beta of 1.13. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77. The stock has a 50-day moving average of $95.68 and a two-hundred day moving average of $102.27.

Southern Copper Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Tuesday, February 11th will be paid a $0.70 dividend. The ex-dividend date is Tuesday, February 11th. This is a boost from Southern Copper’s previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a yield of 3.04%. Southern Copper’s dividend payout ratio (DPR) is 72.16%.

Analysts Set New Price Targets

SCCO has been the topic of a number of analyst reports. Morgan Stanley upgraded Southern Copper from an “underweight” rating to an “equal weight” rating and cut their price target for the company from $106.30 to $102.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. upgraded Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 target price on the stock in a research note on Monday, December 2nd. Finally, Scotiabank decreased 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 report on Tuesday, October 15th. Four analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Southern Copper currently has a consensus rating of “Hold” and an average price target 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.