EntryPoint Capital LLC Grows Holdings in Southern Copper Co. (NYSE:SCCO)

EntryPoint Capital LLC raised its position in Southern Copper Co. (NYSE:SCCO) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,198 shares of the basic materials company’s stock after buying an additional 470 shares during the period. EntryPoint Capital LLC’s holdings in Southern Copper were worth $383,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of SCCO. Crowley Wealth Management Inc. purchased a new stake in shares of Southern Copper during the 4th quarter valued at $151,000. Vanguard Group Inc. increased its holdings in Southern Copper by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 972,657 shares of the basic materials company’s stock worth $88,638,000 after buying an additional 18,426 shares during the last quarter. Stevens Capital Management LP bought a new stake in Southern Copper in the fourth quarter worth about $248,000. LPL Financial LLC boosted its stake in Southern Copper by 7.9% in the fourth quarter. LPL Financial LLC now owns 135,849 shares of the basic materials company’s stock valued at $12,380,000 after acquiring an additional 9,966 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Southern Copper during the 4th quarter valued at approximately $3,273,000. Institutional investors own 7.94% of the company’s stock.

Southern Copper Stock Performance

NYSE:SCCO opened at $97.69 on Thursday. Southern Copper Co. has a 52-week low of $84.33 and a 52-week high of $127.34. The business’s fifty day moving average is $94.50 and its 200 day moving average is $100.68. 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 firm has a market cap of $77.78 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.90 and a beta of 1.12.

Southern Copper (NYSE:SCCO) last announced its quarterly earnings results 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 return on equity of 40.27% and a net margin of 29.53%. Research analysts predict that Southern Copper Co. will post 4.66 EPS for the current year.

Southern Copper Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Tuesday, February 11th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.87%. This is an increase from Southern Copper’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Tuesday, February 11th. Southern Copper’s dividend payout ratio (DPR) is presently 64.81%.

Analyst Ratings Changes

SCCO has been the topic of a number of research reports. Morgan Stanley raised shares of Southern Copper from an “underweight” rating to an “equal weight” rating and lowered their price target for the stock 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. UBS Group upgraded Southern Copper from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Thursday, March 13th. Finally, Scotiabank boosted their price objective on Southern Copper from $52.00 to $72.00 and gave the company a “sector underperform” rating in a research note on Monday, March 10th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $94.42.

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.