FORA Capital LLC Buys Shares of 13,141 Southern Copper Co. (NYSE:SCCO)

FORA Capital LLC acquired a new position in shares of Southern Copper Co. (NYSE:SCCO) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 13,141 shares of the basic materials company’s stock, valued at approximately $1,198,000.

A number of other institutional investors also recently made changes to their positions in SCCO. Larson Financial Group LLC grew its stake in shares of Southern Copper by 28.0% during the 4th quarter. Larson Financial Group LLC now owns 521 shares of the basic materials company’s stock valued at $48,000 after buying an additional 114 shares during the period. Cadence Wealth Management LLC lifted its position in shares of Southern Copper by 4.1% during the fourth quarter. Cadence Wealth Management LLC now owns 2,919 shares of the basic materials company’s stock worth $266,000 after purchasing an additional 116 shares in the last quarter. Tyche Wealth Partners LLC boosted its position in Southern Copper by 0.6% in the 4th quarter. Tyche Wealth Partners LLC now owns 19,807 shares of the basic materials company’s stock valued at $1,805,000 after buying an additional 122 shares during the last quarter. Yousif Capital Management LLC grew its stake in Southern Copper by 0.9% during the 4th quarter. Yousif Capital Management LLC now owns 14,390 shares of the basic materials company’s stock valued at $1,311,000 after purchasing an additional 122 shares in the last quarter. Finally, Signaturefd LLC grew its position in shares of Southern Copper by 1.7% during the fourth quarter. Signaturefd LLC now owns 8,043 shares of the basic materials company’s stock worth $733,000 after buying an additional 133 shares in the last quarter. 7.94% of the stock is owned by institutional investors and hedge funds.

Southern Copper Trading Up 1.4 %

Southern Copper stock opened at $89.34 on Friday. Southern Copper Co. has a 52 week low of $74.11 and a 52 week high of $126.09. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77. The firm has a market capitalization of $71.13 billion, a price-to-earnings ratio of 20.68, a P/E/G ratio of 1.90 and a beta of 1.05. The company has a 50 day moving average price of $90.37 and a 200 day moving average price of $95.68.

Southern Copper (NYSE:SCCO) last released its quarterly earnings data on Friday, April 25th. The basic materials company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.14. The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.05 billion. Southern Copper had a net margin of 29.53% and a return on equity of 40.27%. Research analysts forecast that Southern Copper Co. will post 4.66 EPS for the current year.

Southern Copper Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, May 19th. Shareholders of record on Monday, May 5th will be paid a $0.70 dividend. This represents a yield of 2.98%. The ex-dividend date of this dividend is Friday, May 2nd. Southern Copper’s dividend payout ratio (DPR) is presently 61.27%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SCCO shares. JPMorgan Chase & Co. lowered their price objective on Southern Copper from $84.00 to $83.50 and set a “neutral” rating for the company in a report on Monday, April 14th. Scotiabank boosted their target price on shares of Southern Copper from $52.00 to $72.00 and gave the company a “sector underperform” rating in a research note on Monday, March 10th. Hsbc Global Res raised Southern Copper from a “moderate sell” rating to a “hold” rating in a research note on Thursday, April 24th. UBS Group lowered their price objective on shares of Southern Copper from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Finally, StockNews.com cut shares of Southern Copper from a “buy” rating to a “hold” rating in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $91.50.

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.