Southern Copper Co. (NYSE:SCCO) Position Trimmed by D.B. Root & Company LLC

D.B. Root & Company LLC trimmed its holdings in shares of Southern Copper Co. (NYSE:SCCO) by 1.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,850 shares of the basic materials company’s stock after selling 231 shares during the period. D.B. Root & Company LLC’s holdings in Southern Copper were worth $1,795,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SCCO. Hennion & Walsh Asset Management Inc. boosted its stake in 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 purchasing an additional 336 shares during the period. Occidental Asset Management LLC boosted its stake in Southern Copper by 12.8% in the 1st quarter. Occidental Asset Management LLC now owns 33,385 shares of the basic materials company’s stock worth $3,556,000 after purchasing an additional 3,785 shares during the period. Register Financial Advisors LLC acquired a new position in Southern Copper in the 1st quarter worth approximately $172,000. Wealth Enhancement Advisory Services LLC boosted its stake in Southern Copper by 6.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 113,747 shares of the basic materials company’s stock worth $12,116,000 after purchasing an additional 6,562 shares during the period. Finally, Janiczek Wealth Management LLC boosted its stake in Southern Copper by 27.4% in the 1st quarter. Janiczek Wealth Management LLC now owns 1,563 shares of the basic materials company’s stock worth $166,000 after purchasing an additional 336 shares during the period. 7.94% of the stock is currently owned by institutional investors.

Southern Copper Stock Up 0.0 %

Shares of Southern Copper stock traded up $0.01 during midday trading on Friday, reaching $107.74. 916,905 shares of the company’s stock traded hands, compared to its average volume of 1,232,584. The company has a market cap of $84.16 billion, a price-to-earnings ratio of 35.81, a price-to-earnings-growth ratio of 1.06 and a beta of 1.23. The company’s 50 day simple moving average is $114.42 and its 200 day simple moving average is $98.84. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.56 and a current ratio of 3.31. Southern Copper Co. has a 52 week low of $67.64 and a 52 week high of $129.79.

Southern Copper (NYSE:SCCO) last released its quarterly earnings results on Thursday, April 25th. The basic materials company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.17. The business had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.50 billion. Southern Copper had a net margin of 24.20% and a return on equity of 30.44%. Equities analysts expect that Southern Copper Co. will post 4.45 earnings per share for the current fiscal year.

Southern Copper Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Wednesday, May 8th were issued a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.04 annualized dividend and a yield of 0.04%. Southern Copper’s dividend payout ratio (DPR) is presently 1.33%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SCCO. Scotiabank decreased their price objective on shares of Southern Copper from $55.00 to $54.00 and set a “sector underperform” rating for the company in a research note on Tuesday, May 21st. StockNews.com upgraded shares of Southern Copper from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th. CICC Research started coverage on shares of Southern Copper in a research report on Wednesday, April 24th. They issued an “outperform” rating for the company. The Goldman Sachs Group increased their target price on shares of Southern Copper from $61.00 to $82.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. Finally, Jefferies Financial Group upgraded shares of Southern Copper from a “hold” rating to a “buy” rating and increased their target price for the stock from $91.00 to $130.00 in a research report on Friday, March 22nd. Five equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $84.50.

Insider Buying and Selling

In related news, Director PALOMINO BONILLA LUIS MIGUEL sold 3,600 shares of Southern Copper stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $118.30, for a total value of $425,880.00. Following the transaction, the director now owns 2,214 shares in the company, valued at approximately $261,916.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Southern Copper news, Director PALOMINO BONILLA LUIS MIGUEL sold 3,600 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $118.30, for a total value of $425,880.00. Following the sale, the director now directly owns 2,214 shares in the company, valued at approximately $261,916.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bonilla Luis Miguel Palomino sold 300 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $118.50, for a total transaction of $35,550.00. Following the completion of the sale, the director now owns 4,614 shares in the company, valued at $546,759. The disclosure for this sale can be found here. Insiders have sold 4,100 shares of company stock worth $483,450 in the last quarter. 0.08% of the stock is currently owned by company insiders.

Southern Copper 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.