Lindbrook Capital LLC Has $366,000 Stake in Southern Copper Co. (NYSE:SCCO)

Lindbrook Capital LLC lowered its stake in Southern Copper Co. (NYSE:SCCO) by 8.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,248 shares of the basic materials company’s stock after selling 370 shares during the period. Lindbrook Capital LLC’s holdings in Southern Copper were worth $366,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Hartford Financial Management Inc. acquired a new position in Southern Copper in the 3rd quarter valued at $25,000. Viking Fund Management LLC acquired a new stake in shares of Southern Copper in the fourth quarter valued at about $31,000. Loomis Sayles & Co. L P bought a new position in shares of Southern Copper in the first quarter worth about $29,000. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Southern Copper during the 4th quarter worth about $27,000. Finally, Venturi Wealth Management LLC boosted its stake in Southern Copper by 164.8% during the 4th quarter. Venturi Wealth Management LLC now owns 482 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 300 shares during the period. Institutional investors own 7.94% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on SCCO shares. StockNews.com lowered Southern Copper from a “buy” rating to a “hold” rating in a report on Monday, February 5th. JPMorgan Chase & Co. reduced their price target on shares of Southern Copper from $63.50 to $61.00 and set an “underweight” rating for the company in a report on Thursday, March 21st. Jefferies Financial Group upgraded shares of Southern Copper from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $91.00 to $130.00 in a report on Friday, March 22nd. Scotiabank increased their target price on shares of Southern Copper from $53.00 to $55.00 and gave the company a “sector underperform” rating in a research note on Thursday. Finally, The Goldman Sachs Group boosted their price target on Southern Copper from $61.00 to $82.00 and gave the company a “sell” rating in a research note on Friday, March 22nd. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $75.33.

Southern Copper Stock Performance

NYSE SCCO opened at $113.43 on Monday. The stock has a market cap of $87.69 billion, a P/E ratio of 36.12, a PEG ratio of 3.25 and a beta of 1.29. The company has a quick ratio of 2.46, a current ratio of 3.19 and a debt-to-equity ratio of 0.84. Southern Copper Co. has a twelve month low of $64.66 and a twelve month high of $120.37. The company’s 50-day simple moving average is $96.72 and its 200 day simple moving average is $84.36.

Southern Copper (NYSE:SCCO) last issued its earnings results on Friday, February 2nd. The basic materials company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.15). Southern Copper had a return on equity of 30.85% and a net margin of 24.51%. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.37 billion. As a group, research analysts forecast that Southern Copper Co. will post 3.95 earnings per share for the current fiscal year.

Southern Copper Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 13th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date was Monday, February 12th. Southern Copper’s dividend payout ratio (DPR) is currently 101.91%.

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.