Aptus Capital Advisors LLC Buys 886 Shares of Southern Copper Co. (NYSE:SCCO)

Aptus Capital Advisors LLC lifted its stake in shares of Southern Copper Co. (NYSE:SCCO) by 38.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,163 shares of the basic materials company’s stock after purchasing an additional 886 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Southern Copper were worth $366,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SCCO. Ensign Peak Advisors Inc grew its holdings in Southern Copper by 1.0% during the 2nd quarter. Ensign Peak Advisors Inc now owns 10,558 shares of the basic materials company’s stock worth $1,138,000 after acquiring an additional 108 shares during the last quarter. Prudential PLC grew its holdings in Southern Copper by 1.0% during the 2nd 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 last quarter. Tyche Wealth Partners LLC grew its holdings in Southern Copper by 0.6% during the 3rd quarter. Tyche Wealth Partners LLC now owns 19,685 shares of the basic materials company’s stock worth $2,277,000 after acquiring an additional 109 shares during the last quarter. Greenwood Capital Associates LLC grew 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 acquiring an additional 112 shares during 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 worth $347,000 after acquiring an additional 113 shares during the last quarter. 7.94% of the stock is owned by institutional investors.

Southern Copper Stock Down 1.1 %

Southern Copper stock opened at $99.22 on Friday. 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. The firm’s fifty day moving average is $109.62 and its 200 day moving average is $109.71. The company has a market capitalization of $77.94 billion, a PE ratio of 25.54, a PEG ratio of 1.04 and a beta of 1.18.

Southern Copper Dividend Announcement

The business also recently announced 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. The ex-dividend date is Wednesday, November 6th. This represents a dividend yield of 2.1%. Southern Copper’s payout ratio is presently 72.09%.

Analyst Ratings Changes

SCCO has been the topic of a number of recent analyst reports. Citigroup boosted their price target on shares of Southern Copper from $99.44 to $100.00 and gave the stock a “sell” rating in a research report on Wednesday, October 2nd. Morgan Stanley boosted their price target on shares of Southern Copper from $97.00 to $100.00 and gave the stock an “underweight” rating in a research report on Thursday, September 19th. Finally, Scotiabank dropped their price target on shares of Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating on the stock in a research report 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.