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%.
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.
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