Southern Copper Corporation (SCCO) Shares Bought by Nikko Asset Management Americas Inc.

Nikko Asset Management Americas Inc. raised its position in Southern Copper Corporation (NYSE:SCCO) by 8.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 312,770 shares of the company’s stock after buying an additional 24,000 shares during the period. Nikko Asset Management Americas Inc.’s holdings in Southern Copper Corporation were worth $8,226,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of SCCO. Checchi Capital Advisers LLC raised its stake in shares of Southern Copper Corporation by 3.0% in the second quarter. Checchi Capital Advisers LLC now owns 4,453 shares of the company’s stock worth $120,000 after buying an additional 128 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in shares of Southern Copper Corporation by 0.9% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 22,493 shares of the company’s stock worth $607,000 after buying an additional 201 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Southern Copper Corporation by 19.9% in the second quarter. Van ECK Associates Corp now owns 6,342 shares of the company’s stock worth $171,000 after buying an additional 1,051 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Southern Copper Corporation by 4.4% in the second quarter. First Trust Advisors LP now owns 44,276 shares of the company’s stock worth $1,195,000 after buying an additional 1,882 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in shares of Southern Copper Corporation by 2.8% in the third quarter. Great West Life Assurance Co. Can now owns 85,638 shares of the company’s stock worth $2,249,000 after buying an additional 2,300 shares in the last quarter. 5.11% of the stock is owned by institutional investors.

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

Shares of Southern Copper Corporation (NYSE:SCCO) traded down 1.52% during midday trading on Wednesday, hitting $33.66. The company had a trading volume of 246,981 shares. The company has a market capitalization of $26.02 billion, a P/E ratio of 39.23 and a beta of 0.70. Southern Copper Corporation has a 52 week low of $21.55 and a 52 week high of $35.01. The firm’s 50 day moving average is $33.12 and its 200 day moving average is $28.36.

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A number of brokerages recently weighed in on SCCO. Barclays PLC restated a “hold” rating and set a $30.00 price objective on shares of Southern Copper Corporation in a research report on Tuesday, November 8th. Morgan Stanley lowered Southern Copper Corporation from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, December 13th. Credit Suisse Group upgraded Southern Copper Corporation from an “underperform” rating to a “neutral” rating and set a $32.00 price objective on the stock in a research report on Wednesday, December 7th. TheStreet upgraded Southern Copper Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, October 26th. Finally, Zacks Investment Research upgraded Southern Copper Corporation from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Thursday, October 6th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $28.81.

About Southern Copper Corporation

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.

5 Day Chart for NYSE:SCCO

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