Southern Copper Corporation $SCCO Shares Sold by Jamison Private Wealth Management Inc.

Jamison Private Wealth Management Inc. trimmed its position in Southern Copper Corporation (NYSE:SCCO) by 28.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,348 shares of the basic materials company’s stock after selling 19,931 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in Southern Copper were worth $8,663,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in SCCO. SHP Wealth Management acquired a new position in Southern Copper in the fourth quarter worth $25,000. Lloyd Advisory Services LLC. bought a new position in shares of Southern Copper in the 4th quarter worth about $29,000. Virtus Advisers LLC bought a new position in shares of Southern Copper in the 4th quarter worth about $29,000. Godfrey Financial Associates Inc. acquired a new position in shares of Southern Copper in the 4th quarter valued at about $30,000. Finally, IFP Advisors Inc boosted its holdings in shares of Southern Copper by 233.3% in the 4th quarter. IFP Advisors Inc now owns 230 shares of the basic materials company’s stock valued at $33,000 after buying an additional 161 shares during the period. 7.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Southern Copper news, Director Bonilla Luis Miguel Palomino sold 200 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $177.82, for a total transaction of $35,564.00. Following the sale, the director directly owned 1,807 shares in the company, valued at approximately $321,320.74. The trade was a 9.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have sold 404 shares of company stock worth $74,108. 0.07% of the stock is currently owned by company insiders.

Southern Copper Trading Up 1.7%

Shares of SCCO stock opened at $171.73 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 3.89 and a current ratio of 4.38. Southern Copper Corporation has a 1 year low of $88.73 and a 1 year high of $223.88. The stock has a fifty day moving average of $181.85 and a two-hundred day moving average of $179.90. The firm has a market capitalization of $141.86 billion, a PE ratio of 28.39, a price-to-earnings-growth ratio of 1.52 and a beta of 1.11.

Southern Copper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Wednesday, May 13th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Wednesday, May 13th. Southern Copper’s dividend payout ratio is currently 66.12%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Barclays started coverage on shares of Southern Copper in a research note on Thursday, May 21st. They set an “underweight” rating and a $148.00 price objective on the stock. Scotiabank reaffirmed an “underperform” rating and set a $140.00 target price (up from $135.00) on shares of Southern Copper in a report on Monday, June 15th. Morgan Stanley increased their price target on Southern Copper from $155.00 to $160.00 and gave the stock an “underweight” rating in a research report on Thursday, April 9th. Wall Street Zen upgraded Southern Copper from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Finally, Wells Fargo & Company set a $171.00 price objective on Southern Copper and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and eight have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $147.19.

Southern Copper Profile

Southern Copper Corporation (NYSE: SCCO) is a large, integrated copper producer whose operations span the full value chain from exploration and mining to smelting, refining and the sale of copper and other metal products. The company produces a range of copper products including copper concentrate and refined cathodes, and recovers valuable byproducts such as molybdenum, silver and zinc. Southern Copper concentrates on high-volume, long-life assets designed to support steady production and processing capabilities.

Southern Copper’s operations are concentrated in Peru and Mexico, where it owns and operates multiple large-scale mining and processing facilities.