Southern Copper Corporation (NYSE:SCCO) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Other research analysts also recently issued research reports about the stock. Cowen and Company reiterated a “hold” rating and issued a $39.00 target price on shares of Southern Copper Corporation in a research note on Wednesday, July 19th. Scotiabank downgraded shares of Southern Copper Corporation from a “sector perform” rating to an “underperform” rating in a research report on Monday, October 23rd. FBR & Co reiterated a “buy” rating on shares of Southern Copper Corporation in a research report on Monday, October 23rd. HSBC Holdings plc downgraded shares of Southern Copper Corporation from a “buy” rating to a “hold” rating and set a $41.00 price target on the stock. in a research report on Wednesday, August 16th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $40.00 price objective on shares of Southern Copper Corporation in a research note on Monday, October 23rd. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Southern Copper Corporation currently has a consensus rating of “Hold” and a consensus target price of $37.75.

Southern Copper Corporation (NYSE SCCO) opened at 42.48 on Friday. Southern Copper Corporation has a 52-week low of $26.52 and a 52-week high of $44.69. The company has a market cap of $32.84 billion, a PE ratio of 33.40 and a beta of 0.53. The stock’s 50 day moving average is $41.06 and its 200-day moving average is $37.73.

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In other news, Chairman German Larrea Mota Velasco sold 235,800 shares of Southern Copper Corporation stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $39.51, for a total value of $9,316,458.00. Following the transaction, the chairman now owns 3,502,167 shares of the company’s stock, valued at approximately $138,370,618.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 900,670 shares of company stock worth $35,575,771 in the last three months. Insiders own 0.53% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Parametrica Management Ltd purchased a new stake in Southern Copper Corporation during the 3rd quarter worth approximately $842,000. Crossmark Global Holdings Inc. purchased a new stake in Southern Copper Corporation during the 3rd quarter worth approximately $596,000. Pictet Asset Management Ltd. grew its position in Southern Copper Corporation by 2.1% during the 3rd quarter. Pictet Asset Management Ltd. now owns 144,071 shares of the basic materials company’s stock worth $5,728,000 after purchasing an additional 2,900 shares during the last quarter. Nationwide Fund Advisors purchased a new stake in Southern Copper Corporation during the 3rd quarter worth approximately $4,589,000. Finally, Personal Capital Advisors Corp grew its position in Southern Copper Corporation by 4.8% during the 3rd quarter. Personal Capital Advisors Corp now owns 660,795 shares of the basic materials company’s stock worth $26,273,000 after purchasing an additional 30,049 shares during the last quarter. 6.06% of the stock is currently owned by institutional investors.

About Southern Copper Corporation

Southern Copper Corporation is an integrated copper producer. It produces copper and, in the production process, obtains several by-products, including molybdenum, silver, zinc, sulfuric acid and other metals. Its segments include the Peruvian operations, the Mexican open-pit operations and the Mexican underground mining operations segment identified as the IMMSA unit.

Analyst Recommendations for Southern Copper Corporation (NYSE:SCCO)

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