Southern Copper Co. (NYSE:SCCO) Shares Purchased by Klein Pavlis & Peasley Financial Inc.

Klein Pavlis & Peasley Financial Inc. raised its stake in shares of Southern Copper Co. (NYSE:SCCO) by 2.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,705 shares of the basic materials company’s stock after acquiring an additional 1,014 shares during the quarter. Southern Copper makes up 3.5% of Klein Pavlis & Peasley Financial Inc.’s portfolio, making the stock its 4th largest holding. Klein Pavlis & Peasley Financial Inc.’s holdings in Southern Copper were worth $4,361,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fidelis Capital Partners LLC bought a new stake in Southern Copper during the 1st quarter worth approximately $26,000. Itau Unibanco Holding S.A. acquired a new position in Southern Copper in the second quarter worth $31,000. McClarren Financial Advisors Inc. grew its holdings in shares of Southern Copper by 169.2% during the third quarter. McClarren Financial Advisors Inc. now owns 288 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 181 shares during the last quarter. Oakworth Capital Inc. acquired a new stake in shares of Southern Copper in the third quarter valued at $42,000. Finally, Hanseatic Management Services Inc. bought a new position in shares of Southern Copper in the second quarter valued at about $53,000. Institutional investors and hedge funds own 7.94% of the company’s stock.

Southern Copper Price Performance

Shares of SCCO stock opened at $115.41 on Monday. Southern Copper Co. has a 12-month low of $68.93 and a 12-month high of $129.79. The company has a quick ratio of 2.27, a current ratio of 2.81 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $90.15 billion, a price-to-earnings ratio of 38.34, a price-to-earnings-growth ratio of 1.17 and a beta of 1.18. The firm has a fifty day moving average of $107.62 and a 200-day moving average of $110.11.

Southern Copper Announces Dividend

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

Wall Street Analyst Weigh In

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

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.