Southern Copper Co. (NYSE:SCCO) Position Raised by General Pension Society PZU Joint Stock Co

General Pension Society PZU Joint Stock Co boosted its holdings in shares of Southern Copper Co. (NYSE:SCCO) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 357,090 shares of the basic materials company’s stock after buying an additional 19,592 shares during the period. Southern Copper makes up about 10.0% of General Pension Society PZU Joint Stock Co’s holdings, making the stock its 3rd largest holding. General Pension Society PZU Joint Stock Co’s holdings in Southern Copper were worth $32,542,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Southern Copper in the 4th quarter worth approximately $40,226,000. Mackenzie Financial Corp boosted its holdings in shares of Southern Copper by 51.2% in the 4th quarter. Mackenzie Financial Corp now owns 170,816 shares of the basic materials company’s stock worth $15,454,000 after purchasing an additional 57,834 shares in the last quarter. Centerstone Investors LLC increased its position in shares of Southern Copper by 0.6% during the 4th quarter. Centerstone Investors LLC now owns 23,438 shares of the basic materials company’s stock valued at $2,136,000 after purchasing an additional 143 shares during the last quarter. Vise Technologies Inc. raised its holdings in shares of Southern Copper by 160.1% during the 4th quarter. Vise Technologies Inc. now owns 6,258 shares of the basic materials company’s stock valued at $570,000 after buying an additional 3,852 shares in the last quarter. Finally, Novem Group purchased a new position in shares of Southern Copper during the 4th quarter valued at about $729,000. 7.94% of the stock is currently owned by hedge funds and other institutional investors.

Southern Copper Stock Up 0.8%

Shares of Southern Copper stock opened at $93.08 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77. Southern Copper Co. has a 52-week low of $74.11 and a 52-week high of $119.97. The company’s 50 day moving average price is $89.99 and its 200-day moving average price is $93.88. The stock has a market capitalization of $74.11 billion, a price-to-earnings ratio of 21.55, a P/E/G ratio of 1.90 and a beta of 1.05.

Southern Copper (NYSE:SCCO) last released its quarterly earnings data on Friday, April 25th. The basic materials company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.14. The firm had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.05 billion. Southern Copper had a net margin of 29.53% and a return on equity of 40.27%. Equities research analysts forecast that Southern Copper Co. will post 4.66 EPS for the current year.

Southern Copper Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 5th were given a dividend of $0.70 per share. This represents a yield of 2.98%. The ex-dividend date of this dividend was Friday, May 2nd. Southern Copper’s payout ratio is 61.27%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Hsbc Global Res raised Southern Copper from a “moderate sell” rating to a “hold” rating in a research note on Thursday, April 24th. Wall Street Zen cut shares of Southern Copper from a “buy” rating to a “hold” rating in a research note on Tuesday, May 20th. Scotiabank lifted their target price on shares of Southern Copper from $52.00 to $72.00 and gave the stock a “sector underperform” rating in a research report on Monday, March 10th. UBS Group lowered their price target on shares of Southern Copper from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. cut their price target on shares of Southern Copper from $84.00 to $83.50 and set a “neutral” rating for the company in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Southern Copper presently has an average rating of “Hold” and an average target price of $91.50.

About Southern Copper

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.