Trading Report: Today, First National Trust Co. Holds Position in Southern Copper Corp. (SCCO)

Today, First National Trust Co. Holds Position in Southern Copper Corp. (SCCO)

First National Trust Co. held its stake in shares of Southern Copper Corp. (NYSE:SCCO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,000 shares of the company’s stock at the end of the second quarter. First National Trust Co.’s holdings in Southern Copper Corp. were worth $351,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SCCO. BlackRock Fund Advisors increased its stake in Southern Copper Corp. by 10.5% in the first quarter. BlackRock Fund Advisors now owns 3,630,016 shares of the company’s stock valued at $100,588,000 after buying an additional 345,445 shares during the period. Teachers Advisors Inc. increased its stake in Southern Copper Corp. by 7.5% in the first quarter. Teachers Advisors Inc. now owns 340,524 shares of the company’s stock valued at $9,436,000 after buying an additional 23,705 shares during the period. Gateway Investment Advisers LLC increased its stake in Southern Copper Corp. by 5.2% in the second quarter. Gateway Investment Advisers LLC now owns 329,846 shares of the company’s stock valued at $8,899,000 after buying an additional 16,377 shares during the period. Denali Advisors LLC increased its stake in Southern Copper Corp. by 43.4% in the second quarter. Denali Advisors LLC now owns 308,200 shares of the company’s stock valued at $8,315,000 after buying an additional 93,300 shares during the period. Finally, Nikko Asset Management Americas Inc. increased its stake in Southern Copper Corp. by 12.7% in the second quarter. Nikko Asset Management Americas Inc. now owns 288,770 shares of the company’s stock valued at $7,615,000 after buying an additional 32,500 shares during the period. 6.14% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Southern Copper Corp. (NYSE:SCCO) traded down 1.16% during mid-day trading on Thursday, reaching $26.31. The company had a trading volume of 467,729 shares. Southern Copper Corp. has a 12-month low of $21.55 and a 12-month high of $31.31. The firm has a 50-day moving average of $25.98 and a 200-day moving average of $26.74. The company has a market capitalization of $20.36 billion, a P/E ratio of 36.29 and a beta of 0.94.

Southern Copper Corp. (NYSE:SCCO) last posted its quarterly earnings results on Monday, July 25th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.03. Southern Copper Corp. had a net margin of 11.40% and a return on equity of 10.36%. On average, equities analysts anticipate that Southern Copper Corp. will post $1.07 earnings per share for the current fiscal year.

Several research firms recently weighed in on SCCO. Zacks Investment Research raised Southern Copper Corp. from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Thursday. Vetr downgraded Southern Copper Corp. from a “buy” rating to a “hold” rating and set a $26.54 price objective on the stock. in a report on Monday, July 11th. Barclays PLC raised their price objective on Southern Copper Corp. from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Monday, August 8th. Goldman Sachs Group Inc. began coverage on Southern Copper Corp. in a report on Thursday, June 9th. They set a “neutral” rating and a $27.00 price objective on the stock. Finally, TheStreet downgraded Southern Copper Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, June 14th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $27.77.

Southern Copper Corp. Company Profile

Southern Copper Corporation is an integrated copper producer. It produces copper, molybdenum, zinc and silver. It operates through three segments: Peruvian operations, which include the Toquepala and Cuajone mine complexes and the smelting and refining plants, including a metals plant industrial railroad and port facilities that service both mines; Mexican open-pit operations, which include the La Caridad and Buenavista mine complexes and the smelting and refining plants, including a metals plant and a copper rod plant and support facilities that service both mines, and Mexican underground mining operations, which include over five underground mines that produce zinc, copper, silver and gold, a coal mine that produces coal and coke, and a zinc refinery.

Related posts

Leave a Comment