Southern Copper Co. (NYSE:SCCO) Stock Position Increased by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC grew its position in Southern Copper Co. (NYSE:SCCO) by 11.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,295 shares of the basic materials company’s stock after purchasing an additional 335 shares during the period. Outlook Wealth Advisors LLC’s holdings in Southern Copper were worth $381,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SCCO. Wealth Enhancement Advisory Services LLC raised its stake in shares of Southern Copper by 6.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 113,747 shares of the basic materials company’s stock valued at $12,116,000 after purchasing an additional 6,562 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Southern Copper by 3.2% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 10,930 shares of the basic materials company’s stock worth $1,164,000 after acquiring an additional 336 shares during the period. Azzad Asset Management Inc. ADV boosted its holdings in shares of Southern Copper by 1.8% in the first quarter. Azzad Asset Management Inc. ADV now owns 38,143 shares of the basic materials company’s stock valued at $4,063,000 after acquiring an additional 672 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Southern Copper during the first quarter valued at approximately $209,000. Finally, Norden Group LLC bought a new stake in Southern Copper during the first quarter worth approximately $1,820,000. Institutional investors and hedge funds own 7.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SCCO. Morgan Stanley increased their price target on Southern Copper from $97.00 to $100.00 and gave the company an “underweight” rating in a research note on Thursday, September 19th. UBS Group initiated coverage on Southern Copper in a report on Friday, July 12th. They set a “neutral” rating and a $120.00 target price on the stock. Citigroup upped their price target on shares of Southern Copper from $99.44 to $100.00 and gave the company a “sell” rating in a report on Wednesday, October 2nd. Finally, Scotiabank lowered their price objective on shares of Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating on the stock in a research note on Tuesday, October 15th. Six equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Southern Copper currently has a consensus rating of “Hold” and a consensus price target of $90.63.

Southern Copper Stock Performance

Shares of SCCO opened at $115.41 on Friday. Southern Copper Co. has a one year low of $68.93 and a one year high of $129.79. The company has a 50-day moving average of $107.62 and a two-hundred day moving average of $110.15. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.81 and a quick ratio of 2.27. The stock has a market cap of $90.15 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 1.17 and a beta of 1.18.

Southern Copper Announces Dividend

The company also recently disclosed a — dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 6th will be given a dividend of $0.62 per share. This represents a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, November 6th. Southern Copper’s payout ratio is 93.02%.

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.