Fund Advisors of America Inc FL Invests $692,000 in Southern Copper Corporation $SCCO

Fund Advisors of America Inc FL acquired a new stake in shares of Southern Copper Corporation (NYSE:SCCO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,822 shares of the basic materials company’s stock, valued at approximately $692,000.

A number of other institutional investors have also recently added to or reduced their stakes in SCCO. Intech Investment Management LLC grew its stake in shares of Southern Copper by 0.8% in the 4th quarter. Intech Investment Management LLC now owns 6,030 shares of the basic materials company’s stock worth $865,000 after purchasing an additional 50 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in Southern Copper by 0.8% during the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 6,072 shares of the basic materials company’s stock valued at $871,000 after purchasing an additional 51 shares during the last quarter. Steel Grove Capital Advisors LLC grew its position in Southern Copper by 1.8% in the fourth quarter. Steel Grove Capital Advisors LLC now owns 2,910 shares of the basic materials company’s stock worth $417,000 after buying an additional 52 shares during the last quarter. Ensign Peak Advisors Inc increased its holdings in shares of Southern Copper by 0.8% in the fourth quarter. Ensign Peak Advisors Inc now owns 6,379 shares of the basic materials company’s stock valued at $915,000 after buying an additional 53 shares in the last quarter. Finally, Venture Visionary Partners LLC lifted its position in shares of Southern Copper by 0.8% during the 4th quarter. Venture Visionary Partners LLC now owns 6,998 shares of the basic materials company’s stock valued at $1,004,000 after acquiring an additional 53 shares during the last quarter. 7.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SCCO has been the topic of several research reports. Morgan Stanley upped their target price on Southern Copper from $155.00 to $160.00 and gave the stock an “underweight” rating in a research report on Thursday, April 9th. The Goldman Sachs Group upgraded Southern Copper from a “sell” rating to a “neutral” rating and set a $178.00 price target for the company in a report on Friday, April 10th. Wall Street Zen cut Southern Copper from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Wells Fargo & Company set a $171.00 price objective on Southern Copper and gave the stock an “equal weight” rating in a report on Friday, May 1st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Southern Copper in a research report on Friday, March 27th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and eight have issued a Sell rating to the company. According to MarketBeat.com, Southern Copper presently has a consensus rating of “Reduce” and a consensus price target of $145.94.

Insider Activity

In related news, Director Bonilla Luis Miguel Palomino sold 200 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $177.82, for a total transaction of $35,564.00. Following the transaction, the director owned 1,807 shares in the company, valued at $321,320.74. This represents a 9.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 404 shares of company stock valued at $74,108 over the last three months. Insiders own 0.07% of the company’s stock.

Southern Copper Stock Up 0.0%

Shares of SCCO opened at $192.98 on Friday. The stock has a market cap of $159.41 billion, a price-to-earnings ratio of 31.90, a P/E/G ratio of 1.79 and a beta of 1.09. The company has a quick ratio of 3.89, a current ratio of 4.38 and a debt-to-equity ratio of 0.57. Southern Copper Corporation has a 12 month low of $88.73 and a 12 month high of $223.88. The company has a 50-day moving average price of $184.81 and a two-hundred day moving average price of $177.41.

Southern Copper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Wednesday, May 13th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, May 13th. Southern Copper’s payout ratio is currently 66.12%.

Southern Copper 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.