Natixis Has $852,000 Stake in Southern Copper Co. (NYSE:SCCO)

Natixis grew its holdings in shares of Southern Copper Co. (NYSE:SCCO) by 82.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,000 shares of the basic materials company’s stock after acquiring an additional 3,619 shares during the period. Natixis’ holdings in Southern Copper were worth $852,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Fortis Group Advisors LLC lifted its position in shares of Southern Copper by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 302 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 151 shares during the period. Fidelis Capital Partners LLC acquired a new position in shares of Southern Copper during the first quarter valued at about $26,000. Riverview Trust Co bought a new position in shares of Southern Copper during the 1st quarter worth about $27,000. Venturi Wealth Management LLC grew its stake in shares of Southern Copper by 164.8% in the 4th quarter. Venturi Wealth Management LLC now owns 482 shares of the basic materials company’s stock valued at $41,000 after buying an additional 300 shares during the period. Finally, Washington Trust Advisors Inc. acquired a new stake in shares of Southern Copper in the 4th quarter valued at about $45,000. 7.94% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director PALOMINO BONILLA LUIS MIGUEL sold 3,600 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $118.30, for a total transaction of $425,880.00. Following the transaction, the director now owns 2,214 shares of the company’s stock, valued at approximately $261,916.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director PALOMINO BONILLA LUIS MIGUEL sold 3,600 shares of Southern Copper stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $118.30, for a total value of $425,880.00. Following the completion of the transaction, the director now owns 2,214 shares in the company, valued at $261,916.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bonilla Luis Miguel Palomino sold 300 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $118.50, for a total transaction of $35,550.00. Following 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. In the last quarter, insiders have sold 4,000 shares of company stock valued at $472,430. 0.08% of the stock is owned by company insiders.

Southern Copper Stock Up 0.4 %

Shares of NYSE SCCO traded up $0.37 during trading on Friday, hitting $104.71. The stock had a trading volume of 51,079 shares, compared to its average volume of 1,186,591. The firm has a fifty day moving average of $112.35 and a two-hundred day moving average of $102.19. The company has a market capitalization of $81.80 billion, a PE ratio of 34.68, a PEG ratio of 1.06 and a beta of 1.19. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.31 and a quick ratio of 2.56. Southern Copper Co. has a 12 month low of $68.93 and a 12 month high of $129.79.

Southern Copper (NYSE:SCCO) last issued its quarterly earnings results on Thursday, April 25th. The basic materials company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.17. The company had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.50 billion. Southern Copper had a return on equity of 30.44% and a net margin of 24.20%. As a group, equities research analysts forecast that Southern Copper Co. will post 4.34 EPS for the current fiscal year.

Southern Copper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Shareholders of record on Friday, August 9th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.29%. The ex-dividend date is Friday, August 9th. Southern Copper’s dividend payout ratio is 1.33%.

Analyst Ratings Changes

Several research analysts have issued reports on SCCO shares. Morgan Stanley increased their price target on Southern Copper from $81.70 to $100.00 and gave the stock an “underweight” rating in a report on Friday, June 21st. UBS Group initiated coverage on Southern Copper in a report on Friday, July 12th. They issued a “neutral” rating and a $120.00 target price on the stock. StockNews.com upgraded shares of Southern Copper from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Scotiabank reduced 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 report on Tuesday, May 21st. Finally, HSBC lowered shares of Southern Copper from a “hold” rating to a “reduce” rating and set a $80.00 target price on the stock. in a report on Monday, April 22nd. Five equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $89.57.

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.