Exclusive: Southern Copper Corp (NYSE:SCCO) Institutional Investors Sentiment Index Dive in Q2 2016

November 30, 2016 - By Clifton Ray   ·   0 Comments

Exclusive: Southern Copper Corp (NYSE:SCCO) Institutional Investors Sentiment Index  Dive in  Q2 2016

Sentiment for Southern Copper Corp (NYSE:SCCO)

Southern Copper Corp (NYSE:SCCO) institutional sentiment increased to 0.71 in Q2 2016. Its up 0.17, from 0.54 in 2016Q1. The ratio is better, as 69 institutional investors opened new or increased stock positions, while 128 trimmed and sold equity positions in Southern Copper Corp. The institutional investors in our partner’s database reported: 45.01 million shares, down from 53.88 million shares in 2016Q1. Also, the number of institutional investors holding Southern Copper Corp in their top 10 stock positions increased from 0 to 1 for an increase of 1. Sold All: 26 Reduced: 102 Increased: 46 New Position: 23.

Southern Copper Corporation is an integrated copper producer. The company has a market cap of $24.52 billion. It produces copper, molybdenum, zinc and silver. It has a 37.82 P/E ratio. It operates through three divisions: 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.

About 194,783 shares traded hands. Southern Copper Corp (NYSE:SCCO) has risen 6.98% since April 27, 2016 and is uptrending. It has outperformed by 1.76% the S&P500.

Analysts await Southern Copper Corp (NYSE:SCCO) to report earnings on February, 24. SCCO’s profit will be $181.11M for 33.83 P/E if the $0.24 EPS becomes a reality. After $0.26 actual earnings per share reported by Southern Copper Corp for the previous quarter, Wall Street now forecasts -7.69% negative EPS growth.

According to Zacks Investment Research, “Southern Copper Corporation is a mining metallurgical company, producer of copper and valuable by-products.”

Alta Advisers Ltd holds 2.3% of its portfolio in Southern Copper Corp for 17,275 shares. Denali Advisors Llc owns 308,200 shares or 1.43% of their US portfolio. Moreover, Hansberger Growth Investors Lp has 1.31% invested in the company for 62,579 shares. The United Kingdom-based Martin Currie Ltd has invested 1.31% in the stock. Nikko Asset Management Americas Inc., a New York-based fund reported 288,770 shares.#img1#

Southern Copper Corp (NYSE:SCCO) Ratings Coverage

Ratings analysis reveals 20% of Southern Copper’s analysts are positive. Out of 10 Wall Street analysts rating Southern Copper, 2 give it “Buy”, 2 “Sell” rating, while 6 recommend “Hold”. The lowest target is $20 while the high is $38. The stock’s average target of $29.28 is -9.88% below today’s ($32.49) share price. SCCO was included in 17 notes of analysts from August 5, 2015. The firm has “Overweight” rating by JP Morgan given on Tuesday, January 26. FBR Capital initiated it with “Outperform” rating and $34 target price in Friday, September 18 report. Cowen & Co maintained Southern Copper Corp (NYSE:SCCO) rating on Tuesday, May 3. Cowen & Co has “Market Perform” rating and $28 price target. The stock of Southern Copper Corp (NYSE:SCCO) has “Underperform” rating given on Friday, July 1 by Credit Suisse. The firm earned “Equal-Weight” rating on Tuesday, January 12 by Barclays Capital. The rating was downgraded by HSBC on Friday, October 16 to “Hold”. The firm earned “Market Perform” rating on Wednesday, March 23 by BMO Capital Markets. The stock of Southern Copper Corp (NYSE:SCCO) earned “Market Perform” rating by Cowen & Co on Wednesday, August 5. FBR Capital maintained the stock with “Outperform” rating in Monday, August 22 report. The firm has “Market Perform” rating given on Thursday, February 18 by Cowen & Co.

SCCO Company Profile

Southern Copper Corporation, incorporated on September 7, 1995, is an integrated copper producer. The Firm produces copper, molybdenum, zinc and silver. The Firm operates in three divisions: Peruvian operations, Mexican open-pit activities and Mexican underground mining operations. The Peruvian activities segment includes 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. The Mexican open-pit activities segment includes 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. The Mexican underground mining activities segment includes over five underground mines that produce zinc, copper, silver and gold, a coal mine and a zinc refinery. The Company’s activities include open-pit and underground mining, concentrating, copper smelting, copper refining, copper rod production, solvent extraction/electrowinning (SX-EW), zinc refining, sulfuric acid production, molybdenum concentrate production, and silver and gold refining.

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By Clifton Ray


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