Blue Square Asset Management LLC Has $4.36 Million Stock Holdings in Southern Copper Co. (NYSE:SCCO)

Blue Square Asset Management LLC lifted its position in Southern Copper Co. (NYSE:SCCO) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 37,706 shares of the basic materials company’s stock after purchasing an additional 1,468 shares during the quarter. Southern Copper accounts for approximately 2.3% of Blue Square Asset Management LLC’s holdings, making the stock its 12th biggest holding. Blue Square Asset Management LLC’s holdings in Southern Copper were worth $4,361,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SCCO. Janney Montgomery Scott LLC boosted its position in Southern Copper by 2.6% in the third quarter. Janney Montgomery Scott LLC now owns 173,419 shares of the basic materials company’s stock valued at $20,059,000 after buying an additional 4,435 shares in the last quarter. Pure Financial Advisors LLC acquired a new position in Southern Copper in the third quarter valued at about $217,000. Capital Advisors Inc. OK grew its holdings in shares of Southern Copper by 2.8% during the third quarter. Capital Advisors Inc. OK now owns 264,267 shares of the basic materials company’s stock worth $30,568,000 after purchasing an additional 7,232 shares during the last quarter. Americana Partners LLC increased its stake in shares of Southern Copper by 0.8% in the third quarter. Americana Partners LLC now owns 44,142 shares of the basic materials company’s stock valued at $5,106,000 after buying an additional 356 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of Southern Copper by 172.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 223 shares of the basic materials company’s stock valued at $26,000 after buying an additional 141 shares during the last quarter. Institutional investors and hedge funds own 7.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SCCO shares. UBS Group began coverage on shares of Southern Copper in a research report on Friday, July 12th. They issued a “neutral” rating and a $120.00 price objective for the company. Citigroup boosted their price objective 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 upped their price objective on Southern Copper from $97.00 to $100.00 and gave the stock an “underweight” rating in a report on Thursday, September 19th. Finally, Scotiabank dropped their target price on Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating for the company in a research report on Tuesday, October 15th. Six analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $90.63.

Southern Copper Trading Up 0.5 %

NYSE:SCCO opened at $110.10 on Monday. The company has a current ratio of 2.81, a quick ratio of 2.27 and a debt-to-equity ratio of 0.67. Southern Copper Co. has a 1-year low of $68.93 and a 1-year high of $129.79. The firm has a market capitalization of $86.01 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 1.12 and a beta of 1.18. The business’s 50-day moving average price is $108.45 and its two-hundred day moving average price is $110.01.

Southern Copper Announces Dividend

The company also recently announced a — dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 6th will be paid a $0.62 dividend. This represents a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, November 6th. Southern Copper’s payout ratio is presently 61.79%.

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.