First National Trust Co Acquires 207 Shares of Southern Copper Co. (NYSE:SCCO)

First National Trust Co raised its holdings in shares of Southern Copper Co. (NYSE:SCCO) by 0.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,726 shares of the basic materials company’s stock after purchasing an additional 207 shares during the period. First National Trust Co’s holdings in Southern Copper were worth $4,364,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Financial Designs Inc. ADV boosted its stake in shares of Southern Copper by 172.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 223 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 141 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in Southern Copper in the second quarter worth about $31,000. McClarren Financial Advisors Inc. grew its holdings in shares of Southern Copper by 169.2% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 288 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 181 shares during the period. Oakworth Capital Inc. bought a new position in shares of Southern Copper in the 3rd quarter worth approximately $42,000. Finally, Hanseatic Management Services Inc. bought a new stake in shares of Southern Copper during the second quarter valued at approximately $53,000. Institutional investors own 7.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SCCO shares. Morgan Stanley increased their price objective on Southern Copper from $97.00 to $100.00 and gave the stock an “underweight” rating in a report on Thursday, September 19th. Citigroup upped their price objective on shares of Southern Copper from $99.44 to $100.00 and gave the stock a “sell” rating in a report on Wednesday, October 2nd. Finally, Scotiabank dropped their price target on Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating on the stock in a research report on Tuesday, October 15th. Six equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Southern Copper has an average rating of “Hold” and an average target price of $90.63.

Southern Copper Stock Performance

SCCO stock opened at $104.82 on Tuesday. The stock’s 50 day simple moving average is $109.26 and its 200 day simple moving average is $109.99. The company has a current ratio of 2.77, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. Southern Copper Co. has a 12-month low of $70.13 and a 12-month high of $129.79. The stock has a market capitalization of $82.34 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 1.10 and a beta of 1.18.

Southern Copper Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Thursday, November 21st. Investors of record on Wednesday, November 6th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a dividend yield of 2.1%. Southern Copper’s dividend payout ratio (DPR) is presently 72.09%.

Southern Copper Profile

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.