KBC Group NV Has $4.57 Million Position in Southern Copper Corporation (SCCO)

KBC Group NV reduced its holdings in Southern Copper Corporation (NYSE:SCCO) by 2.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 114,874 shares of the basic materials company’s stock after selling 2,757 shares during the quarter. KBC Group NV’s holdings in Southern Copper were worth $4,567,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. grew its position in Southern Copper by 114.5% during the second quarter. Bessemer Group Inc. now owns 3,692 shares of the basic materials company’s stock valued at $128,000 after acquiring an additional 1,971 shares during the period. SG Americas Securities LLC purchased a new stake in Southern Copper during the second quarter valued at about $134,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Southern Copper by 3.6% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,820 shares of the basic materials company’s stock valued at $202,000 after acquiring an additional 200 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Southern Copper by 12.9% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 7,274 shares of the basic materials company’s stock valued at $252,000 after acquiring an additional 832 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Southern Copper by 7.1% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,507 shares of the basic materials company’s stock valued at $260,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 6.34% of the company’s stock.

Shares of Southern Copper Corporation (NYSE:SCCO) traded down $0.23 during midday trading on Thursday, hitting $42.19. The stock had a trading volume of 1,408,900 shares, compared to its average volume of 941,963. Southern Copper Corporation has a 52 week low of $31.55 and a 52 week high of $44.69. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.01 and a quick ratio of 2.00. The stock has a market capitalization of $32,791.85, a P/E ratio of 33.14, a price-to-earnings-growth ratio of 0.66 and a beta of 0.62.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th were given a $0.25 dividend. This is an increase from Southern Copper’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $1.00 annualized dividend and a dividend yield of 2.37%. Southern Copper’s dividend payout ratio is presently 78.13%.

A number of equities research analysts have issued reports on SCCO shares. B. Riley reissued a “buy” rating on shares of Southern Copper in a research report on Wednesday, November 1st. BidaskClub downgraded Southern Copper from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 28th. Zacks Investment Research downgraded Southern Copper from a “buy” rating to a “hold” rating in a research report on Saturday, November 11th. Barclays boosted their price target on Southern Copper from $33.00 to $35.00 and gave the company an “underweight” rating in a research report on Wednesday, August 9th. Finally, downgraded Southern Copper from a “buy” rating to a “hold” rating and set a $41.00 target price for the company. in a research report on Wednesday, August 16th. Four analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $38.88.

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About Southern Copper

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.

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

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