Banque Cantonale Vaudoise Has $1.98 Million Stock Holdings in Southern Copper Corporation $SCCO

Banque Cantonale Vaudoise decreased its stake in Southern Copper Corporation (NYSE:SCCO) by 71.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,525 shares of the basic materials company’s stock after selling 28,848 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Southern Copper were worth $1,983,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. SHP Wealth Management purchased a new stake in shares of Southern Copper during the 4th quarter worth about $25,000. Lloyd Advisory Services LLC. bought a new stake in Southern Copper in the fourth quarter worth approximately $29,000. Virtus Advisers LLC bought a new stake in Southern Copper in the fourth quarter worth approximately $29,000. Caitlin John LLC acquired a new position in shares of Southern Copper during the 3rd quarter worth $30,000. Finally, Godfrey Financial Associates Inc. acquired a new position in shares of Southern Copper during the 4th quarter worth $30,000. Institutional investors and hedge funds own 7.94% of the company’s stock.

Southern Copper Price Performance

Southern Copper stock opened at $171.37 on Friday. The business has a 50 day simple moving average of $183.33 and a 200 day simple moving average of $178.82. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.38 and a quick ratio of 3.89. The company has a market capitalization of $141.57 billion, a PE ratio of 28.33, a price-to-earnings-growth ratio of 1.57 and a beta of 1.09. Southern Copper Corporation has a one year low of $88.73 and a one year high of $223.88.

Southern Copper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Wednesday, May 13th were given a dividend of $1.00 per share. The ex-dividend date was Wednesday, May 13th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.3%. Southern Copper’s payout ratio is presently 66.12%.

Insider Buying and Selling at Southern Copper

In other news, Director Bonilla Luis Miguel Palomino sold 200 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was 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 of the company’s stock, valued at $321,320.74. This represents a 9.97% 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 sold a total of 404 shares of company stock worth $74,108 in the last ninety days. Insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on SCCO. Morgan Stanley lifted their price objective on shares of Southern Copper from $155.00 to $160.00 and gave the company an “underweight” rating in a research note on Thursday, April 9th. The Goldman Sachs Group raised shares of Southern Copper from a “sell” rating to a “neutral” rating and set a $178.00 target price on the stock in a research report on Friday, April 10th. Barclays assumed coverage on Southern Copper in a research report on Thursday, May 21st. They issued an “underweight” rating and a $148.00 price target for the company. UBS Group upped their price objective on shares of Southern Copper from $140.00 to $145.00 and gave the stock a “sell” rating in a report on Thursday, May 21st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Southern Copper from $127.00 to $131.50 and gave the stock an “underweight” rating in a research report on Wednesday, June 17th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and eight have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $145.94.

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.