Meeder Asset Management Inc. purchased a new stake in Southern Copper Corp (NYSE:SCCO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,350 shares of the basic materials company’s stock, valued at approximately $254,000.

Several other large investors have also recently made changes to their positions in SCCO. Vanguard Group Inc. increased its stake in shares of Southern Copper by 1.8% in the second quarter. Vanguard Group Inc. now owns 751,901 shares of the basic materials company’s stock valued at $26,038,000 after purchasing an additional 13,612 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Southern Copper by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 279,380 shares of the basic materials company’s stock valued at $9,675,000 after purchasing an additional 703 shares during the period. Voya Investment Management LLC increased its stake in shares of Southern Copper by 9.8% in the second quarter. Voya Investment Management LLC now owns 43,255 shares of the basic materials company’s stock valued at $1,498,000 after purchasing an additional 3,859 shares during the period. Stifel Financial Corp increased its stake in shares of Southern Copper by 20.6% in the second quarter. Stifel Financial Corp now owns 31,223 shares of the basic materials company’s stock valued at $1,082,000 after purchasing an additional 5,329 shares during the period. Finally, HighTower Advisors LLC increased its stake in shares of Southern Copper by 26.3% in the second quarter. HighTower Advisors LLC now owns 7,814 shares of the basic materials company’s stock valued at $271,000 after purchasing an additional 1,629 shares during the period. Institutional investors own 6.56% of the company’s stock.

Southern Copper Corp (NYSE:SCCO) opened at $46.50 on Monday. Southern Copper Corp has a 12 month low of $32.63 and a 12 month high of $50.90. The company has a current ratio of 3.01, a quick ratio of 2.00 and a debt-to-equity ratio of 0.90. The company has a market cap of $35,945.80, a P/E ratio of 30.20, a P/E/G ratio of 0.58 and a beta of 0.59.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Monday, February 12th. This is a positive change from Southern Copper’s previous quarterly dividend of $0.25. Southern Copper’s dividend payout ratio (DPR) is currently 64.94%.

A number of research analysts recently commented on the stock. Santander upgraded shares of Southern Copper from a “hold” rating to a “buy” rating in a research note on Monday, December 18th. Zacks Investment Research lowered shares of Southern Copper from a “buy” rating to a “hold” rating in a research note on Saturday. UBS Group lowered shares of Southern Copper from a “hold” rating to a “sell” rating in a research note on Monday, February 5th. Cowen raised their price objective on shares of Southern Copper from $39.00 to $48.00 and gave the company a “market perform” rating in a research note on Friday, November 3rd. Finally, Goldman Sachs Group reiterated a “neutral” rating and set a $40.00 price objective on shares of Southern Copper in a research note on Monday, October 23rd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $45.07.

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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.

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

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