Southern Copper (SCCO) Cut to Sell at UBS Group

UBS Group lowered shares of Southern Copper (NYSE:SCCO) from a hold rating to a sell rating in a report released on Monday, The Fly reports.

Several other research firms also recently issued reports on SCCO. Zacks Investment Research upgraded shares of Southern Copper from a hold rating to a strong-buy rating and set a $57.00 price objective for the company in a research note on Wednesday, January 10th. B. Riley restated a buy rating on shares of Southern Copper in a research note on Wednesday, November 1st. BidaskClub downgraded shares of Southern Copper from a strong-buy rating to a buy rating in a research note on Saturday, October 28th. FBR & Co restated a buy rating on shares of Southern Copper in a research note on Monday, October 23rd. Finally, Citigroup restated a neutral rating on shares of Southern Copper in a research note on Monday, January 22nd. 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’s stock. The stock has an average rating of Hold and an average target price of $45.50.

Southern Copper (NYSE:SCCO) opened at $45.47 on Monday. The company has a quick ratio of 2.00, a current ratio of 3.01 and a debt-to-equity ratio of 0.90. Southern Copper has a 12 month low of $32.63 and a 12 month high of $50.90. The stock has a market cap of $37,120.80, a price-to-earnings ratio of 29.53, a price-to-earnings-growth ratio of 0.59 and a beta of 0.59.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.64%. This is a boost from Southern Copper’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, February 12th. Southern Copper’s dividend payout ratio is presently 64.94%.

Several large investors have recently made changes to their positions in SCCO. Americafirst Capital Management LLC purchased a new stake in shares of Southern Copper in the third quarter valued at about $166,000. SG Americas Securities LLC raised its holdings in shares of Southern Copper by 32.9% in the third quarter. SG Americas Securities LLC now owns 5,141 shares of the basic materials company’s stock valued at $204,000 after buying an additional 1,274 shares during the last quarter. Comerica Bank purchased a new stake in shares of Southern Copper in the fourth quarter valued at about $205,000. Lau Associates LLC purchased a new stake in shares of Southern Copper in the fourth quarter valued at about $216,000. Finally, Checchi Capital Advisers LLC purchased a new stake in shares of Southern Copper in the fourth quarter valued at about $230,000. 6.56% of the stock is owned by institutional investors and hedge funds.

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Southern Copper Company Profile

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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