Hansberger Growth Investors Lp buys $2 Million stake in Southern Copper Corp (SCCO)

Southern Copper Corp (SCCO) : Hansberger Growth Investors Lp scooped up 371 additional shares in Southern Copper Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 72,961 shares of Southern Copper Corp which is valued at $2 Million.Southern Copper Corp makes up approximately 1.37% of Hansberger Growth Investors Lp’s portfolio.

Other Hedge Funds, Including , Spot Trading L.l.c reduced its stake in SCCO by selling 7,267 shares or 32.17% in the most recent quarter. The Hedge Fund company now holds 15,324 shares of SCCO which is valued at $414,667. Southern Copper Corp makes up approx 0.06% of Spot Trading L.l.c’s portfolio.First Trust Advisors Lp reduced its stake in SCCO by selling 33,274 shares or 43.97% in the most recent quarter. The Hedge Fund company now holds 42,394 shares of SCCO which is valued at $1.1 Million.Alta Advisers Ltd reduced its stake in SCCO by selling 2,000 shares or 6.81% in the most recent quarter. The Hedge Fund company now holds 27,375 shares of SCCO which is valued at $781,009. Southern Copper Corp makes up approx 0.60% of Alta Advisers Ltd’s portfolio. Farmers Merchants Investments Inc sold out all of its stake in SCCO during the most recent quarter. The investment firm sold 202 shares of SCCO which is valued $5,763.

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.

Leave a Reply

Southern Copper Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Southern Copper Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.