Robeco Institutional Asset Management B.V. Has $23.74 Million Position in Southern Copper Corporation $SCCO

Robeco Institutional Asset Management B.V. lifted its holdings in Southern Copper Corporation (NYSE:SCCO) by 6.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 195,595 shares of the basic materials company’s stock after purchasing an additional 11,485 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Southern Copper were worth $23,737,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of SCCO. MJT & Associates Financial Advisory Group Inc. lifted its stake in Southern Copper by 65.1% in the third quarter. MJT & Associates Financial Advisory Group Inc. now owns 213 shares of the basic materials company’s stock valued at $26,000 after buying an additional 84 shares in the last quarter. Tobam acquired a new stake in shares of Southern Copper during the second quarter worth $29,000. Westside Investment Management Inc. acquired a new stake in shares of Southern Copper during the second quarter worth $32,000. Allworth Financial LP raised its holdings in shares of Southern Copper by 65.1% during the second quarter. Allworth Financial LP now owns 383 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 151 shares during the period. Finally, AlphaCore Capital LLC lifted its position in Southern Copper by 148.9% in the 2nd quarter. AlphaCore Capital LLC now owns 433 shares of the basic materials company’s stock valued at $44,000 after acquiring an additional 259 shares in the last quarter. 7.94% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Southern Copper news, Director Bonilla Luis Miguel Palomino sold 400 shares of the stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $139.00, for a total value of $55,600.00. Following the completion of the sale, the director owned 1,265 shares in the company, valued at $175,835. This trade represents a 24.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 948 shares of company stock valued at $131,130 in the last ninety days. Company insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

SCCO has been the subject of a number of research reports. Morgan Stanley set a $138.00 target price on Southern Copper and gave the stock an “underweight” rating in a report on Monday, December 15th. Zacks Research downgraded Southern Copper from a “strong-buy” rating to a “hold” rating in a report on Monday, December 8th. Citigroup restated a “sell” rating and issued a $108.00 target price (up previously from $89.10) on shares of Southern Copper in a research note on Wednesday, October 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Southern Copper in a research report on Monday, December 29th. Finally, Itau BBA Securities cut shares of Southern Copper from a “market perform” rating to an “underperform” rating and set a $126.00 price target for the company. in a research note on Monday, December 22nd. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $123.85.

Southern Copper Stock Performance

SCCO opened at $160.47 on Friday. The business’s 50-day simple moving average is $139.77 and its 200 day simple moving average is $119.13. Southern Copper Corporation has a 52-week low of $74.84 and a 52-week high of $161.59. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.91 and a current ratio of 4.52. The firm has a market capitalization of $130.34 billion, a PE ratio of 33.64, a PEG ratio of 1.24 and a beta of 1.06.

Southern Copper (NYSE:SCCO) last posted its quarterly earnings results on Friday, October 31st. The basic materials company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.09. Southern Copper had a return on equity of 38.74% and a net margin of 30.98%.The firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.05 billion. As a group, sell-side analysts expect that Southern Copper Corporation will post 4.66 earnings per share for the current fiscal year.

Southern Copper Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Wednesday, November 12th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Wednesday, November 12th. Southern Copper’s dividend payout ratio is 75.47%.

Southern Copper Company Profile

Southern Copper Corporation (NYSE: SCCO) is a large, integrated copper producer whose operations span the full value chain from exploration and mining to smelting, refining and the sale of copper and other metal products. The company produces a range of copper products including copper concentrate and refined cathodes, and recovers valuable byproducts such as molybdenum, silver and zinc. Southern Copper concentrates on high-volume, long-life assets designed to support steady production and processing capabilities.

Southern Copper’s operations are concentrated in Peru and Mexico, where it owns and operates multiple large-scale mining and processing facilities.