Southern Copper Corporation (NYSE:SCCO) saw some unusual options trading on Friday. Traders acquired 898 put options on the company. This is an increase of approximately 1,325% compared to the typical daily volume of 63 put options.
Southern Copper (NYSE:SCCO) opened at $42.42 on Wednesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.01 and a quick ratio of 2.00. Southern Copper has a 12 month low of $31.55 and a 12 month high of $44.69. The company has a market capitalization of $33,054.68, a PE ratio of 33.41, a PEG ratio of 0.67 and a beta of 0.62.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th were paid a $0.25 dividend. The ex-dividend date was Tuesday, November 7th. This represents a $1.00 annualized dividend and a dividend yield of 2.36%. This is an increase from Southern Copper’s previous quarterly dividend of $0.14. Southern Copper’s dividend payout ratio (DPR) is 78.13%.
Several hedge funds and other institutional investors have recently bought and sold shares of SCCO. Prudential Financial Inc. raised its stake in shares of Southern Copper by 131.2% in the second quarter. Prudential Financial Inc. now owns 1,223,889 shares of the basic materials company’s stock worth $42,384,000 after buying an additional 694,600 shares during the period. Neuberger Berman Group LLC bought a new position in shares of Southern Copper in the third quarter worth about $14,271,000. Telemark Asset Management LLC bought a new position in shares of Southern Copper in the third quarter worth about $11,928,000. Cypress Funds LLC purchased a new stake in shares of Southern Copper during the third quarter worth about $8,946,000. Finally, Oakmont Corp purchased a new stake in shares of Southern Copper during the third quarter worth about $8,827,000. 6.34% of the stock is currently owned by hedge funds and other institutional investors.
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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