Southern Copper Co. (NYSE:SCCO) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC cut its stake in Southern Copper Co. (NYSE:SCCO) by 54.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,085 shares of the basic materials company’s stock after selling 2,535 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Southern Copper were worth $190,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV lifted its holdings in shares of Southern Copper by 172.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 223 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 141 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in Southern Copper during the third quarter worth approximately $47,000. Larson Financial Group LLC lifted its stake in Southern Copper by 578.3% in the third quarter. Larson Financial Group LLC now owns 407 shares of the basic materials company’s stock valued at $47,000 after buying an additional 347 shares during the last quarter. Spire Wealth Management acquired a new stake in shares of Southern Copper in the fourth quarter valued at approximately $47,000. Finally, Stonebridge Financial Group LLC purchased a new position in shares of Southern Copper during the fourth quarter worth approximately $51,000. Institutional investors and hedge funds own 7.94% of the company’s stock.

Southern Copper Stock Down 5.1 %

Shares of NYSE:SCCO opened at $92.87 on Friday. Southern Copper Co. has a fifty-two week low of $78.82 and a fifty-two week high of $129.79. The company has a quick ratio of 2.31, a current ratio of 2.77 and a debt-to-equity ratio of 0.64. The firm’s 50-day simple moving average is $94.61 and its 200-day simple moving average is $101.89. The company has a market cap of $72.95 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 1.90 and a beta of 1.13.

Southern Copper (NYSE:SCCO) last announced its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.01). Southern Copper had a net margin of 29.53% and a return on equity of 40.27%. As a group, equities research analysts predict that Southern Copper Co. will post 4.66 earnings per share for the current year.

Southern Copper Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Tuesday, February 11th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Tuesday, February 11th. This is a positive change from Southern Copper’s previous quarterly dividend of $0.60. Southern Copper’s dividend payout ratio is currently 64.81%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 price target for the company in a research note on Monday, December 2nd. Morgan Stanley raised Southern Copper from an “underweight” rating to an “equal weight” rating and lowered their price target for the stock from $106.30 to $102.00 in a report on Thursday, December 12th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $94.81.

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.