Southern Copper Co. (NYSE: SCCO) director Bonilla Luis Miguel Palomino sells 3,000 shares

Southern Copper Co. (NYSE: SCCO) director Bonilla Luis Miguel Palomino sold 3,000 shares of the company in a transaction dated Tuesday, June 8. The stock was sold for an average price of $ 68.72, for a total value of $ 206,160.00. As a result of the transaction, the Director now directly owns 6,414 shares of the company, valued at $ 440,770.08. The transaction was disclosed in a file with the Securities & Exchange Commission, which is available through the SEC website.

NYSE: SCCO traded at $ 1.79 during trading hours on Wednesday, reaching $ 67.07. 25,305 company shares were traded, for an average volume of 1,267,284. The company has a market capitalization of $ 51.85 billion, a P / E ratio of 25.13, a P / E ratio / G of 0.83 and a beta of 1.10. Southern Copper Co. has a one-year low at $ 35.45 and a one-year high at $ 83.29. The company has a debt to equity ratio of 0.86, a current ratio of 3.66 and a quick ratio of 3.02. The company has a 50-day moving average of $ 72.06.

Southern Copper (NYSE: SCCO) last released its results on Saturday, May 1. The basic materials company reported earnings of $ 0.99 per share for the quarter, beating the Zacks consensus estimate by $ 0.89 per $ 0.10. The company posted revenue of $ 2.53 billion for the quarter. Southern Copper recorded a return on equity of 29.44% and a net margin of 24.09%. On average, equity research analysts predict that Southern Copper Co. will post 4.41 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 25. Shareholders of record on Tuesday, May 11, received a dividend of $ 0.70. This represents a dividend of $ 2.80 on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend was Monday May 10. This is an increase from Southern Copper’s previous quarterly dividend of $ 0.60. Southern Copper’s dividend payout ratio (DPR) is currently 137.93%.

(A d)

Phase I drilling returns multiple high-grade silver interceptions for this junior explorer

Several research analysts have weighed in on the company recently. Zacks investment research downgraded Southern Copper from a “hold” rating to a “strong buy” rating and set a price target of $ 76.00 for the company in a research report released on Friday, March 26. The UBS Group raised its price target for Southern Copper from $ 60.00 to $ 65.00 and gave the stock a “sell” rating in a report released on Monday April 26. Finally, Citigroup upgraded Southern Copper from a “sell” rating to a “neutral” rating and set a target price of $ 70.00 on the stock in a report released on Tuesday, February 16. Five investment analysts gave the stock a sell rating, two issued a conservation rating and one assigned a high buy rating to the stock. Southern Copper currently has a consensus rating of “Hold” and a consensus price target of $ 53.19.

Institutional investors and hedge funds have recently changed their positions in the company. Envestnet Asset Management Inc. increased its stake in Southern Copper shares by 496.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 122,386 shares of the basic materials company valued at $ 8,306,000 after acquiring an additional 101,852 shares during the last quarter. GWM Advisors LLC raised its stake in Southern Copper shares by 635.7% in the 1st quarter. GWM Advisors LLC now owns 53,716 shares of the basic materials company valued at $ 3,645,000 after acquiring an additional 46,415 shares in the last quarter. KBC Group NV increased its stake in Southern Copper shares by 53.1% in the 1st quarter. KBC Group NV now owns 27,074 shares of the basic materials company valued at $ 1,838,000 after acquiring an additional 9,394 shares in the last quarter. JJJ Advisors Inc. increased its position in Southern Copper by 21.4% during the 1st quarter. JJJ Advisors Inc. now owns 2,513 stocks of the basic materials company valued at $ 171,000 after purchasing an additional 443 stocks in the last quarter. Finally, Sei Investments Co. increased its position in Southern Copper by 55.7% during the 4th quarter. Sei Investments Co. now owns 89,164 shares of the basic materials company valued at $ 5,807,000 after purchasing an additional 31,880 shares in the last quarter. Institutional investors hold 7.69% of the company’s shares.

About Southern Copper

Southern Copper Corporation is engaged in the extraction, exploration, smelting and refining of copper and other minerals in Peru, Mexico, Argentina, Ecuador and Chile. The company is involved in the extraction, crushing and flotation of copper ore to produce copper and molybdenum concentrates; smelting copper concentrates to produce blister and anode copper; refining anodic 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 and lead.

Read more: Monitoring of the equity portfolio

Insider Buys and Sells by Quarter for Southern Copper (NYSE: SCCO)

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured article: What is a Real Estate Investment Trust (REIT)?

7 stocks Cathie Wood buys that you should too

If you are an investor who likes to go with the ‘hot hand’ then they don’t get much hotter than Cathie Wood. The founder and CEO of ARK Investment Management delivered over 100% returns in her company’s five exchange-traded funds (ETFs) in 2020.

The names of its funds feature some of the hottest emerging growth trends in the market: financial technology (fintech), genomics revolution, innovation, autonomous technology / robotics and the next generation internet.

As you would expect, these funds contain some of the hottest growth stocks of the past year. And in the aftermath of the tech liquidation, Wood isn’t backing down. In fact, it doubles its strategy. It may not be exactly a matter of being greedy while others are fearful; maybe more like being prepared while others are distracted.

But the other thing about Wood’s picks is that a lot of them aren’t obscure names. These are companies that were among the hottest names in 2020. Wood just thinks they still have room to operate. And that’s one of the reasons why you should consider incorporating them into your portfolio.

In this special presentation, we give you only seven of the stocks that Cathie Wood is buying or has recently purchased. We have attempted to select at least one stock from each of the ARK ETFs. As with any investment decision, it is important that you do your own research before making a decision.

Check out the “7 stocks that Cathie Wood buys that you should too”.

About Dale Davis

Check Also

Which child of Luis Miguel is the godmother of Paloma Cuevas?

Lately, the name of Pigeon caves has gained strength among users of Internet and social …

Leave a Reply

Your email address will not be published.