Sheaff Brock Investment Advisors LLC trimmed its holdings in Southern Copper Corporation (NYSE:SCCO) by 30.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,031 shares of the basic materials company’s stock after selling 2,180 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Southern Copper were worth $200,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SCCO. Swiss National Bank boosted its stake in Southern Copper by 5.7% during the 2nd quarter. Swiss National Bank now owns 380,226 shares of the basic materials company’s stock valued at $13,167,000 after purchasing an additional 20,500 shares in the last quarter. First Trust Advisors LP boosted its stake in Southern Copper by 51.2% during the 2nd quarter. First Trust Advisors LP now owns 211,014 shares of the basic materials company’s stock valued at $7,307,000 after purchasing an additional 71,416 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in Southern Copper by 342.1% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 154,340 shares of the basic materials company’s stock valued at $5,345,000 after purchasing an additional 119,429 shares in the last quarter. Tobam boosted its stake in Southern Copper by 180.3% during the 2nd quarter. Tobam now owns 9,034 shares of the basic materials company’s stock valued at $313,000 after purchasing an additional 5,811 shares in the last quarter. Finally, GAM Holding AG boosted its stake in Southern Copper by 0.8% during the 2nd quarter. GAM Holding AG now owns 134,483 shares of the basic materials company’s stock valued at $4,657,000 after purchasing an additional 1,100 shares in the last quarter. 6.34% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on the company. B. Riley reaffirmed a “buy” rating on shares of Southern Copper in a research note on Wednesday, November 1st. Zacks Investment Research lowered Southern Copper from a “buy” rating to a “hold” rating in a research note on Saturday, November 11th. BidaskClub raised Southern Copper from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 17th. Scotiabank lowered Southern Copper from a “sector perform” rating to an “underperform” rating in a research note on Monday, October 23rd. Finally, FBR & Co reissued a “buy” rating on shares of Southern Copper in a research note on Monday, October 23rd. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $38.88.

Southern Copper Corporation (SCCO) traded down $0.23 on Thursday, hitting $42.19. The stock had a trading volume of 1,408,900 shares, compared to its average volume of 941,963. The company has a market cap of $32,791.85, a price-to-earnings ratio of 33.14, a PEG ratio of 0.66 and a beta of 0.62. The company has a current ratio of 3.01, a quick ratio of 2.00 and a debt-to-equity ratio of 0.90. Southern Copper Corporation has a 1-year low of $31.55 and a 1-year high of $44.69.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, November 7th. This is a positive change from Southern Copper’s previous quarterly dividend of $0.14. This represents a $1.00 annualized dividend and a dividend yield of 2.37%. Southern Copper’s dividend payout ratio (DPR) is currently 78.13%.

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Southern Copper Profile

Southern Copper Corporation is an integrated copper producer. It produces copper and, in the production process, obtains several by-products, including molybdenum, silver, zinc, sulfuric acid and other metals. Its segments include the Peruvian operations, the Mexican open-pit operations and the Mexican underground mining operations segment identified as the IMMSA unit.

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Institutional Ownership by Quarter for Southern Copper (NYSE:SCCO)

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