Stevens Capital Management LP Buys Shares of 5,526 Southern Copper Co. (NYSE:SCCO)

Stevens Capital Management LP bought a new stake in shares of Southern Copper Co. (NYSE:SCCO) in the 4th quarter, HoldingsChannel reports. The firm bought 5,526 shares of the basic materials company’s stock, valued at approximately $476,000.

Other hedge funds have also bought and sold shares of the company. Hartford Financial Management Inc. bought a new stake in Southern Copper during the third quarter valued at approximately $25,000. Viking Fund Management LLC purchased a new position in shares of Southern Copper during the fourth quarter worth approximately $31,000. Venturi Wealth Management LLC raised its stake in shares of Southern Copper by 164.8% during the fourth quarter. Venturi Wealth Management LLC now owns 482 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 300 shares in the last quarter. Washington Trust Advisors Inc. purchased a new position in shares of Southern Copper during the fourth quarter worth approximately $45,000. Finally, Ronald Blue Trust Inc. raised its stake in shares of Southern Copper by 43.7% during the third quarter. Ronald Blue Trust Inc. now owns 602 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 183 shares in the last quarter. 7.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on SCCO shares. Jefferies Financial Group raised shares of Southern Copper from a “hold” rating to a “buy” rating and lifted their price target for the stock from $91.00 to $130.00 in a research note on Friday, March 22nd. HSBC downgraded shares of Southern Copper from a “hold” rating to a “reduce” rating and set a $80.00 price target on the stock. in a research note on Monday. JPMorgan Chase & Co. decreased their price target on shares of Southern Copper from $63.50 to $61.00 and set an “underweight” rating on the stock in a research note on Thursday, March 21st. Scotiabank lifted their price target on shares of Southern Copper from $53.00 to $55.00 and gave the stock a “sector underperform” rating in a research note on Thursday, April 18th. Finally, StockNews.com downgraded shares of Southern Copper from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Five equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Southern Copper currently has a consensus rating of “Hold” and a consensus price target of $76.00.

Southern Copper Trading Up 2.4 %

Shares of NYSE SCCO traded up $2.61 during mid-day trading on Thursday, hitting $111.84. The stock had a trading volume of 1,481,471 shares, compared to its average volume of 1,135,334. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.46 and a current ratio of 3.19. Southern Copper Co. has a 1 year low of $64.66 and a 1 year high of $120.37. The business has a 50 day moving average price of $98.56 and a two-hundred day moving average price of $85.07. The firm has a market cap of $86.46 billion, a P/E ratio of 34.77, a price-to-earnings-growth ratio of 3.14 and a beta of 1.29.

Southern Copper (NYSE:SCCO) last issued its earnings results on Friday, February 2nd. The basic materials company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.15). The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Southern Copper had a return on equity of 30.85% and a net margin of 24.51%. On average, equities analysts anticipate that Southern Copper Co. will post 3.95 EPS for the current fiscal year.

About Southern Copper

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.