Flow Traders U.s. adds Southern Copper Corp (SCCO) to its portfolio

Southern Copper Corp (SCCO) : Flow Traders U.s. added new position in Southern Copper Corp during the most recent quarter end. The investment management firm now holds 15,075 shares of Southern Copper Corp which is valued at $407,930 , the company said in a statement filed on May 12, 2016 with the SEC.Southern Copper Corp makes up approximately 0.04% of Flow Traders U.s.’s portfolio.

Other Hedge Funds, Including , Daiwa Securities Group boosted its stake in SCCO in the latest quarter, The investment management firm added 1,400 additional shares and now holds a total of 8,900 shares of Southern Copper Corp which is valued at $240,834. Andra Ap-fonden added SCCO to its portfolio by purchasing 38,200 company shares during the most recent quarter which is valued at $1.1 Million. Southern Copper Corp makes up approx 0.03% of Andra Ap-fonden’s portfolio. Agf Investments America sold out all of its stake in SCCO during the most recent quarter. The investment firm sold 14,022 shares of SCCO which is valued $400,048.Nordea Investment Management Ab boosted its stake in SCCO in the latest quarter, The investment management firm added 17,740 additional shares and now holds a total of 69,700 shares of Southern Copper Corp which is valued at $2.1 Million. Southern Copper Corp makes up approx 0.01% of Nordea Investment Management Ab’s portfolio.

Southern Copper Corp closed down -0.26 points or -0.96% at $26.7 with 19,64,010 shares getting traded on Friday. Post opening the session at $27.21, the shares hit an intraday low of $26.605 and an intraday high of $27.44 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Many Wall Street Analysts have commented on Southern Copper Corp. Company shares were Reiterated by FBR Capital on May 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 33 from a previous price target of $32 .Southern Copper Corp was Downgraded by Citigroup to ” Sell” on May 4, 2016. Company shares were Reiterated by Cowen on May 3, 2016 to “Market Perform”, Firm has raised the Price Target to $ 28 from a previous price target of $24 .

Southern Copper Corporation is a copper producer. The Company produces copper molybdenum zinc and silver. The Company operates in three segments: Peruvian operations Mexican open-pit operations and Mexican IMMSA unit. Peruvian operations segment includes the Toquepala and Cuajone mine complexes and the smelting and refining plants including a precious metals plant industrial railroad and port facilities that service both mines. Mexican open-pit operations segment includes the La Caridad and Buenavista mine complexes and the smelting and refining plants including a precious metals plant and a copper rod plant and support facilities that service both mines. Mexican IMMSA unit segment includes five underground mines. Its operations include open-pit and underground mining concentrating copper smelting copper refining copper rod production solvent extraction/electrowinning zinc refining sulfuric acid production molybdenum concentrate production and silver and gold refining.

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