Regal Partners Ltd Acquires New Position in Southern Copper Co. (NYSE:SCCO)

Regal Partners Ltd bought a new position in shares of Southern Copper Co. (NYSE:SCCO) in the third quarter, Holdings Channel.com reports. The firm bought 13,706 shares of the basic materials company’s stock, valued at approximately $1,585,000.

Several other large investors have also recently modified their holdings of the business. Ensign Peak Advisors Inc boosted its holdings in Southern Copper by 1.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 10,558 shares of the basic materials company’s stock worth $1,138,000 after buying an additional 108 shares during the period. Prudential PLC boosted its holdings in shares of Southern Copper by 1.0% in the second quarter. Prudential PLC now owns 10,667 shares of the basic materials company’s stock worth $1,149,000 after acquiring an additional 109 shares during the period. Tyche Wealth Partners LLC grew its position in shares of Southern Copper by 0.6% in the third quarter. Tyche Wealth Partners LLC now owns 19,685 shares of the basic materials company’s stock valued at $2,277,000 after purchasing an additional 109 shares in the last quarter. Greenwood Capital Associates LLC lifted its holdings in Southern Copper by 0.7% during the 3rd quarter. Greenwood Capital Associates LLC now owns 15,722 shares of the basic materials company’s stock worth $1,819,000 after purchasing an additional 112 shares in the last quarter. Finally, Inspire Advisors LLC grew its holdings in Southern Copper by 3.9% during the 3rd quarter. Inspire Advisors LLC now owns 3,001 shares of the basic materials company’s stock valued at $347,000 after buying an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 7.94% of the company’s stock.

Southern Copper Price Performance

Shares of Southern Copper stock opened at $100.99 on Thursday. The firm has a market cap of $79.33 billion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 1.06 and a beta of 1.18. The company’s fifty day simple moving average is $109.45 and its two-hundred day simple moving average is $109.84. The company has a quick ratio of 2.31, a current ratio of 2.77 and a debt-to-equity ratio of 0.64. Southern Copper Co. has a 12-month low of $70.63 and a 12-month high of $129.79.

Southern Copper Announces Dividend

The business also recently declared a — dividend, which will be paid on Thursday, November 21st. Investors of record on Wednesday, November 6th will be given a dividend of $0.62 per share. This represents a dividend yield of 2.1%. The ex-dividend date is Wednesday, November 6th. Southern Copper’s dividend payout ratio is currently 72.09%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SCCO shares. Citigroup raised their price objective on shares of Southern Copper from $99.44 to $100.00 and gave the company a “sell” rating in a research report on Wednesday, October 2nd. Scotiabank cut their price objective on Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating for the company in a report on Tuesday, October 15th. Finally, Morgan Stanley raised their target price on shares of Southern Copper from $97.00 to $100.00 and gave the company an “underweight” rating in a research note on Thursday, September 19th. Six research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $90.63.

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.