Alta Advisers Ltd Lowers stake in Southern Copper Corp (SCCO)

Southern Copper Corp (SCCO) : Alta Advisers Ltd reduced its stake in Southern Copper Corp by 36.89% during the most recent quarter end. The investment management company now holds a total of 17,275 shares of Southern Copper Corp which is valued at $449,496 after selling 10,100 shares in Southern Copper Corp , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Southern Copper Corp makes up approximately 2.09% of Alta Advisers Ltd’s portfolio.

Other Hedge Funds, Including , California Public Employees Retirement System reduced its stake in SCCO by selling 7,900 shares or 1.12% in the most recent quarter. The Hedge Fund company now holds 696,383 shares of SCCO which is valued at $18,558,607. Southern Copper Corp makes up approx 0.03% of California Public Employees Retirement System’s portfolio. Advisory Services Network sold out all of its stake in SCCO during the most recent quarter. The investment firm sold 750 shares of SCCO which is valued $19,830.Wealthtrust-arizona boosted its stake in SCCO in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 354 shares of Southern Copper Corp which is valued at $9,296. Southern Copper Corp makes up approx 0.01% of Wealthtrust-arizona’s portfolio.Capstone Asset Management Co reduced its stake in SCCO by selling 13,322 shares or 40.27% in the most recent quarter. The Hedge Fund company now holds 19,763 shares of SCCO which is valued at $528,858. Southern Copper Corp makes up approx 0.02% of Capstone Asset Management Co’s portfolio.

Southern Copper Corp opened for trading at $26.03 and hit $26.26 on the upside on Wednesday, eventually ending the session at $26.24, with a gain of 0.38% or 0.1 points. The heightened volatility saw the trading volume jump to 6,19,528 shares. Company has a market cap of $20,302 M.

Many Wall Street Analysts have commented on Southern Copper Corp. Southern Copper Corp was Downgraded by Credit Suisse to ” Underperform” on Jul 1, 2016. Southern Copper Corp was Initiated by Goldman to “Neutral” on Jun 9, 2016.

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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