2 weeks Ago By ABMN Staff
Federated Hermes Inc. cut its holdings in shares of Southern Copper Co. ( NYSE:SCCO – Free Report ) by 43.
6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,943 shares of the basic materials company’s stock after selling 1,500 shares during the period. Federated Hermes Inc.
’s holdings in Southern Copper were worth $177,000 as of its most recent SEC filing. Several other hedge funds have also made changes to their positions in SCCO. abrdn plc raised its stake in Southern Copper by 4.
4% during the 4th quarter. abrdn plc now owns 2,849,638 shares of the basic materials company’s stock worth $260,428,000 after acquiring an additional 118,909 shares in the last quarter. JPMorgan Chase & Co.
lifted its holdings in shares of Southern Copper by 74.6% in 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 purchasing an additional 599,610 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Southern Copper by 1.
9% in the 4th quarter. Vanguard Group Inc. now owns 972,657 shares of the basic materials company’s stock valued at $88,638,000 after purchasing an additional 18,426 shares during the period.
Geode Capital Management LLC grew its stake in Southern Copper by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 641,765 shares of the basic materials company’s stock worth $58,180,000 after buying an additional 28,479 shares during the last quarter.
Finally, Norges Bank acquired a new position in Southern Copper during the fourth quarter worth approximately $52,738,000. Institutional investors and hedge funds own 7.94% of the company’s stock.
Southern Copper Stock Up 0.3 % Shares of NYSE:SCCO opened at $86.47 on Friday.
The company has a market cap of $68.84 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 1.
90 and a beta of 1.04. Southern Copper Co.
has a fifty-two week low of $74.84 and a fifty-two week high of $127.34.
The firm’s 50-day simple moving average is $91.25 and its 200-day simple moving average is $98.21.
The company has a quick ratio of 2.31, a current ratio of 2.77 and a debt-to-equity ratio of 0.
64. Southern Copper Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Tuesday, February 11th were issued a $0.
70 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.
80 dividend on an annualized basis and a yield of 3.24%. This is an increase from Southern Copper’s previous quarterly dividend of $0.
60. Southern Copper’s dividend payout ratio (DPR) is 64.81%.
Wall Street Analyst Weigh In A number of equities analysts have recently commented on SCCO shares. Scotiabank lifted their target price 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. UBS Group dropped 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. Finally, JPMorgan Chase & Co. decreased their target price on shares of Southern Copper from $84.
00 to $83.50 and set a “neutral” rating for the company in a research note on Monday, April 14th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company.
According to MarketBeat.com, Southern Copper has an average rating of “Hold” and an average price target of $89.58.
Read Our Latest Research Report on SCCO Southern Copper Company Profile ( Free Report ) 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. Recommended Stories Receive News & Ratings for Southern Copper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern Copper and related companies with MarketBeat.
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