SG Americas Securities LLC raised its stake in Southern Copper Corp (NYSE:SCCO) by 175.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,152 shares of the basic materials company’s stock after acquiring an additional 9,011 shares during the period. SG Americas Securities LLC’s holdings in Southern Copper were worth $672,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Americafirst Capital Management LLC acquired a new position in Southern Copper in the third quarter valued at approximately $166,000. Lau Associates LLC acquired a new position in Southern Copper in the fourth quarter valued at approximately $216,000. KCS Wealth Advisory acquired a new position in Southern Copper in the fourth quarter valued at approximately $278,000. State of Alaska Department of Revenue acquired a new position in Southern Copper in the fourth quarter valued at approximately $288,000. Finally, Winslow Evans & Crocker Inc. boosted its stake in Southern Copper by 8,282.5% in the third quarter. Winslow Evans & Crocker Inc. now owns 6,706 shares of the basic materials company’s stock valued at $267,000 after acquiring an additional 6,626 shares during the period. Institutional investors own 6.86% of the company’s stock.
In related news, Director Bonilla Luis Miguel Palomino sold 600 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $52.30, for a total transaction of $31,380.00. Following the sale, the director now owns 5,614 shares of the company’s stock, valued at $293,612.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.53% of the stock is owned by insiders.
Shares of Southern Copper Corp (SCCO) traded up $0.50 during midday trading on Wednesday, hitting $54.70. The stock had a trading volume of 909,143 shares, compared to its average volume of 1,220,000. Southern Copper Corp has a fifty-two week low of $32.63 and a fifty-two week high of $55.52. The firm has a market capitalization of $42,280.00, a P/E ratio of 27.91 and a beta of 0.48. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.82 and a current ratio of 2.71.
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th were issued a dividend of $0.30 per share. This is a boost from Southern Copper’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, February 12th. This represents a $1.20 annualized dividend and a yield of 2.19%. Southern Copper’s payout ratio is presently 61.22%.
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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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