denkapparat Operations GmbH Makes New Investment in Southern Copper Co. (NYSE:SCCO)

denkapparat Operations GmbH bought a new stake in Southern Copper Co. (NYSE:SCCO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,500 shares of the basic materials company’s stock, valued at approximately $319,000.

Other institutional investors have also recently made changes to their positions in the company. Nordea Investment Management AB lifted its holdings in Southern Copper by 15.3% in the 4th quarter. Nordea Investment Management AB now owns 108,753 shares of the basic materials company’s stock valued at $9,969,000 after purchasing an additional 14,391 shares in the last quarter. Two Sigma Advisers LP boosted its position in Southern Copper by 384.4% during the third quarter. Two Sigma Advisers LP now owns 90,173 shares of the basic materials company’s stock worth $10,430,000 after acquiring an additional 71,558 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Southern Copper by 74.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,402,983 shares of the basic materials company’s stock valued at $162,283,000 after acquiring an additional 599,610 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Southern Copper by 22.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 137,019 shares of the basic materials company’s stock valued at $12,487,000 after acquiring an additional 24,933 shares during the last quarter. Finally, Morse Asset Management Inc purchased a new position in Southern Copper in the 3rd quarter worth approximately $1,397,000. 7.94% of the stock is owned by institutional investors and hedge funds.

Southern Copper Trading Down 0.8 %

NYSE SCCO opened at $96.90 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.77 and a quick ratio of 2.31. The stock has a market capitalization of $77.15 billion, a P/E ratio of 22.43, a PEG ratio of 1.90 and a beta of 1.12. The firm’s 50-day moving average is $94.49 and its two-hundred day moving average is $100.65. Southern Copper Co. has a 12 month low of $84.33 and a 12 month high of $127.34.

Southern Copper (NYSE:SCCO) last issued its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.01). Southern Copper had a return on equity of 40.27% and a net margin of 29.53%. On average, sell-side analysts anticipate that Southern Copper Co. will post 4.66 earnings per share for the current year.

Southern Copper Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Tuesday, February 11th were paid a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This is a boost from Southern Copper’s previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.89%. Southern Copper’s payout ratio is presently 64.81%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Morgan Stanley upgraded Southern Copper from an “underweight” rating to an “equal weight” rating and dropped their price target for the company from $106.30 to $102.00 in a research report on Thursday, December 12th. UBS Group upgraded Southern Copper from a “neutral” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Thursday, March 13th. Scotiabank upped their price objective on shares of Southern Copper from $52.00 to $72.00 and gave the company a “sector underperform” rating in a report on Monday, March 10th. Finally, JPMorgan Chase & Co. raised shares of Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 target price on the stock in a research note on Monday, December 2nd. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Southern Copper presently has an average rating of “Hold” and an average price target of $94.42.

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.