Southern Copper Co. (NYSE: SCCO) director Bonilla Luis Miguel Palomino sold 400 shares of Southern Copper in a trade that took place on Friday August 6. The stock was sold at an average price of $ 66.00, for a total trade of $ 26,400.00. The transaction was disclosed in a legal file with the SEC, which is available on the SEC’s website.
Bonilla Luis Miguel Palomino also recently completed the following transactions:
- On Tuesday, June 8, Bonilla Luis Miguel Palomino sold 3,000 shares of Southern Copper. The stock was sold at an average price of $ 68.72, for a total trade of $ 206,160.00.
NYSE: SCCO shares traded down $ 0.17 during trading on Monday, reaching $ 65.24. 10,356 shares of the company traded hands, compared to its average volume of 1,300,799. The company has a fifty-day simple moving average of $ 64.84. The company has a market cap of $ 50.44 billion, a price / earnings ratio of 18.12, a P / E / G ratio of 0.78, and a beta of 1.11. Southern Copper Co. has a one-year low of $ 43.26 and a one-year high of $ 83.29. The company has a current ratio of 3.80, a quick ratio of 3.18, and a debt ratio of 0.82.
Southern Copper (NYSE: SCCO) last released its results on Monday, July 26. The basic materials company reported earnings per share (EPS) of $ 1.21 for the quarter, beating analyst consensus estimates of $ 1.15 by $ 0.06. Southern Copper had a net margin of 28.18% and a return on equity of 37.37%. As a group, research analysts predict that Southern Copper Co. will post 4.68 EPS for the current fiscal year.
The company also recently unveiled a quarterly dividend, which will be paid on Thursday, August 26. Investors of record on Thursday August 12 will receive a dividend of $ 0.90. This represents an annualized dividend of $ 3.60 and a dividend yield of 5.52%. The ex-dividend date is Wednesday August 11. This is a positive change from Southern Copper’s previous quarterly dividend of $ 0.70. Southern Copper’s payout ratio is currently 137.93%.
SCCO has been the subject of several research analyst reports. Barclays upgraded Southern Copper’s shares from an “underweight” to a “peer-to-peer” rating and lowered its price target for the share from $ 57.00 to $ 55.00 in a report of looking for Thursday July 8. HSBC upgraded Southern Copper’s shares from a “reduce” rating to a “hold” rating and raised its target price for the company from $ 67.00 to $ 68.50 in a research note on Thursday, July 15. Zacks Investment Research downgraded Southern Copper’s shares from a “strong buy” rating to a “conservation” rating and set a target price of $ 68.00 for the company. in a research note on Tuesday, June 29. Finally, UBS Group raised its price target on Southern Copper shares from $ 60.00 to $ 65.00 and assigned the company a “sell” rating in a research note on Monday April 26. One research analyst rated the stock with a sell rating and four gave the stock a conservation rating. Southern Copper currently has an average Hold rating and a consensus price target of $ 65.30.
Several hedge funds have recently increased or reduced their holdings in the stock. The North Carolina state treasurer raised its stake in Southern Copper shares by 0.5% in the first quarter. The North Carolina state treasurer now owns 34,864 shares of the basic materials company valued at $ 2,366,000 after purchasing an additional 160 shares in the last quarter. Caisse DE Dépôt ET Placement DU Québec increased its position in Southern Copper by 1.4% during the first quarter. Caisse DE Dépôt ET Placement DU Québec now owns 14,100 shares of the basic materials business valued at $ 957,000 after acquiring 200 additional shares during the last quarter. Parallel Advisors LLC increased its position in Southern Copper by 32.3% during the 2nd quarter. Parallel Advisors LLC now owns 925 shares of the basic materials company valued at $ 60,000 after acquiring an additional 226 shares in the last quarter. International Assets Investment Management LLC increased its position in Southern Copper by 100.9% during the 1st quarter. International Assets Investment Management LLC now owns 462 shares of the basic materials company valued at $ 31,000 after acquiring 232 additional shares in the last quarter. Finally, US Bancorp DE strengthened its position in Southern Copper by 4.6% during the first quarter. US Bancorp DE now owns 5,348 shares of the basic materials company valued at $ 365,000 after acquiring 237 additional shares in the last quarter. 7.70% of the shares are held by institutional investors and hedge funds.
About Southern Copper
Southern Copper Corp. is engaged in the development, production and exploration of copper, molybdenum, zinc and silver. It operates through the following segments: Peruvian operations; surface operations in Mexico; and Mexican underground mining operations. The Peruvian Operations segment focuses on the Toquepala and Cuajone mining complexes and the smelting and refining plants, industrial railway and port facilities that serve the two mines.
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