Hsbc Holdings PLC Has $3.83 Million Holdings in Southern Copper Corp (SCCO)

Hsbc Holdings PLC raised its holdings in Southern Copper Corp (NYSE:SCCO) by 6.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 124,579 shares of the basic materials company’s stock after purchasing an additional 7,925 shares during the quarter. Hsbc Holdings PLC’s holdings in Southern Copper were worth $3,833,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Man Group plc boosted its holdings in Southern Copper by 237.5% in the 3rd quarter. Man Group plc now owns 34,875 shares of the basic materials company’s stock valued at $1,504,000 after purchasing an additional 24,542 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Southern Copper by 215.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 895,330 shares of the basic materials company’s stock worth $38,625,000 after acquiring an additional 611,501 shares in the last quarter. Swiss National Bank boosted its stake in shares of Southern Copper by 10.6% during the 3rd quarter. Swiss National Bank now owns 303,616 shares of the basic materials company’s stock worth $13,098,000 after acquiring an additional 29,022 shares in the last quarter. William Blair Investment Management LLC boosted its stake in shares of Southern Copper by 36.3% during the 3rd quarter. William Blair Investment Management LLC now owns 1,188,036 shares of the basic materials company’s stock worth $51,252,000 after acquiring an additional 316,597 shares in the last quarter. Finally, Credit Suisse AG boosted its stake in shares of Southern Copper by 3.0% during the 3rd quarter. Credit Suisse AG now owns 256,693 shares of the basic materials company’s stock worth $11,074,000 after acquiring an additional 7,514 shares in the last quarter. 7.09% of the stock is currently owned by institutional investors.

Shares of Southern Copper stock opened at $37.62 on Friday. The company has a current ratio of 2.61, a quick ratio of 1.77 and a debt-to-equity ratio of 0.90. Southern Copper Corp has a 1 year low of $29.01 and a 1 year high of $58.09.

The business also recently disclosed a special dividend, which was paid on Thursday, February 21st. Investors of record on Monday, February 11th were given a dividend of $0.444 per share. The ex-dividend date of this dividend was Friday, February 8th. This represents a dividend yield of 4.86%.

Several equities research analysts have recently commented on SCCO shares. Itau BBA Securities raised Southern Copper from a “market perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research note on Wednesday, January 16th. HSBC lowered Southern Copper from a “hold” rating to a “reduce” rating and set a $32.12 price target on the stock. in a research note on Sunday, December 2nd. Goldman Sachs Group started coverage on Southern Copper in a research note on Tuesday, February 19th. They set a “buy” rating on the stock. JPMorgan Chase & Co. raised Southern Copper from an “underweight” rating to a “neutral” rating and decreased their price target for the stock from $47.00 to $34.50 in a research note on Thursday, December 6th. Finally, Bank of America started coverage on Southern Copper in a research note on Tuesday, January 29th. They set a “buy” rating and a $39.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $41.06.

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About Southern Copper

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador. 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 and lead.

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Institutional Ownership by Quarter for Southern Copper (NYSE:SCCO)

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