Parametric Portfolio Associates LLC Increases Its Stake in Southern Copper Corporation (SCCO)

Paterniano Del Favero
Agosto 12, 2017

Cowen and Company restated their hold rating on shares of Southern Copper Corporation (NYSE:SCCO) in a research report sent to investors on Wednesday, July 19th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company's stock.

A number of research firms recently issued reports on SCCO.

WARNING: "Somewhat Positive Media Coverage Somewhat Unlikely to Impact Southern Copper Corporation (NYSE:SCCO) Share Price" was originally posted by Transcript Daily and is the sole property of of Transcript Daily. BidaskClub upgraded Southern Copper Corporation from a "hold" rating to a "buy" rating in a research note on Wednesday, July 12th. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and worldwide trademark and copyright laws. Credit Suisse raised the price target and upgraded the stock on December 7 boosting the price target from $20.00 to $32.00 and raising the rating from "Underperform" to "Neutral". The shares were sold at an average price of $39.44, for a total value of $5,324,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 900,670 shares of company stock valued at $35,575,771 over the last 90 days. Corporate insiders own 0.53% of the company's stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Southern Copper Corporation by 3.6% in the second quarter. Tobam now owns 3,223 shares of the basic materials company's stock valued at $116,000 after buying an additional 2,931 shares during the last quarter. The brokerage presently has an "underweight" rating on the basic materials company's stock. Capstone Asset Management Co. boosted its position in Southern Copper Corporation by 1.9% in the first quarter. California Public Employees Retirement System now controls 525,683 shares worth $18,204,000. Quadrature Capital Ltd acquired a new stake in shares of Southern Copper Corporation during the fourth quarter worth approximately $4,176,000. Bessemer Group Inc. now owns 3,692 shares of the basic materials company's stock valued at $128,000 after buying an additional 1,971 shares in the last quarter. Bessemer Group Inc. boosted its stake in Southern Copper Corporation by 114.5% in the second quarter. Sit Investment Associates Inc. now owns 3,200 shares of the basic materials company's stock valued at $115,000 after buying an additional 400 shares during the last quarter. The legal version of this article can be read at https://www.thecerbatgem.com/2017/08/09/cowen-and-company-reaffirms-hold-rating-for-southern-copper-corporation-scco-updated-updated.html.

The stock is trading at $38.38 just above the 50 day moving average of $37.20 and which is significantly higher than the 200 day moving average of $36.29.

Southern Copper Corporation, launched on September 7, 1995, is an integrated copper producer. The company recently declared a dividend that will be paid on Wednesday August 23rd, 2017. Investors of record on Wednesday, August 9th will be given a dividend of $0.14 per share. JP Morgan downgraded the shares of SCCO in report on Monday, August 31 to "Neutral" rating. This represents a $0.56 annualized dividend and a dividend yield of 1.43%.

06/16/2017 - Southern Copper Corporation had its "outperform" rating reiterated by analysts at FBR Capital Markets. Southern Copper Corporation's dividend payout ratio (DPR) is presently 43.75%. Southern Copper Corp now has $29.83 billion valuation. The Business's operations include open-pit and underground mining, concentrating, copper smelting, copper refining, copper rod production, solvent extraction/electrowinning (SX-EW), zinc refining, sulfuric acid production, molybdenum concentrate production, and silver and gold refining. The Company's divisions include the Peruvian operations, the Mexican open-pit activities and the Mexican underground mining activities segment identified as the IMMSA unit.

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