MassMutual Private Wealth & Trust FSB Grows Position in Southern Copper Co. (NYSE:SCCO)

MassMutual Private Wealth & Trust FSB boosted its holdings in Southern Copper Co. (NYSE:SCCO) by 30.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 893 shares of the basic materials company’s stock after buying an additional 210 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Southern Copper were worth $81,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. RoundAngle Advisors LLC purchased a new position in shares of Southern Copper during the fourth quarter valued at approximately $1,200,000. Ameritas Advisory Services LLC grew its position in Southern Copper by 18.2% in the 4th quarter. Ameritas Advisory Services LLC now owns 3,500 shares of the basic materials company’s stock worth $319,000 after purchasing an additional 538 shares during the period. Merit Financial Group LLC purchased a new stake in Southern Copper during the 4th quarter valued at $1,106,000. Avanza Fonder AB bought a new position in shares of Southern Copper during the 4th quarter valued at $829,000. Finally, Occidental Asset Management LLC boosted its stake in shares of Southern Copper by 7.3% in the 4th quarter. Occidental Asset Management LLC now owns 39,459 shares of the basic materials company’s stock worth $3,596,000 after buying an additional 2,689 shares during the last quarter. Hedge funds and other institutional investors own 7.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SCCO. Citigroup increased their target price on Southern Copper from $99.44 to $100.00 and gave the company a “sell” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. raised Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 target price on the stock in a research report on Monday, December 2nd. Morgan Stanley raised Southern Copper from an “underweight” rating to an “equal weight” rating and dropped their target price for the stock from $106.30 to $102.00 in a research report on Thursday, December 12th. Finally, Scotiabank dropped their target price on Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating on the stock in a research report on Tuesday, October 15th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $94.81.

Southern Copper Price Performance

Shares of NYSE:SCCO opened at $97.20 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77. The firm has a market cap of $76.36 billion, a price-to-earnings ratio of 25.02, a P/E/G ratio of 1.96 and a beta of 1.14. The firm has a fifty day moving average price of $97.49 and a 200 day moving average price of $103.80. Southern Copper Co. has a fifty-two week low of $77.42 and a fifty-two week high of $129.79.

Southern Copper (NYSE:SCCO) last issued its quarterly earnings data on Tuesday, October 22nd. The basic materials company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.03. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.94 billion. Southern Copper had a return on equity of 37.11% and a net margin of 27.67%. As a group, sell-side analysts expect that Southern Copper Co. will post 4.4 earnings per share for the current fiscal year.

Southern Copper Company Profile

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.