German Velasco Insider Buy Transaction
Director, German Velasco is the Southern Copper Corp (NYSE:SCCO)
Southern Copper Corp Stock Rating, Sentiment and Fundamentals
Since this was such a significant trade, it may signal that Mr. German is very positive about Southern Copper Corp’s future or the increase of its stock price. And also, statistics provided by twenty two leading analysts who cover Southern Copper Corp states that the Price to Earnings ratio will reach 22.02 if the earnings per share is $1.24. The expert analysts also forecast an earnings per share growth rate YOY of over 4.54%.
|Rating & Sentiment|
|Hedge Funds Sentiment:||SELL|
|Earnings + FCF Trend:||NEUTRAL|
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Southern Copper Corp is also in a steady down trend. Within the last 200 days the share price has dropped 5.06 %. We can’t rate the stock BUY only because of speculative reasons, our time momentum model doesn’t agree with his purchase. Look at the chart below.
Price Chart of Southern Copper Corp NYSE:SCCO Stock
Source: RightEdgeSystems, Yahoo Split & Dividend Adjusted Data and OctaFinance Interpretations
Hedge Funds Ownership
In the previous quarter, 237 institutional players own Southern Copper Corp. Octafinance tracked institutional and hedge funds have historically had a very high interest in Southern Copper Corp’s stock, and that was also the case in the last quarter. The institutional ownership was 10.01 % of the stock’s outstanding shares. Its down 11.32 % from previous quarter. These banks and hedge funds decreased the total shares they own by 10.03 million to 78.61 million this quarter. There were 32 funds that closed their positions and 105 that reduced them. A total of 33 funds opened new positions in Southern Copper Corp and 53 increased their holdings.
Bollard Group Llc had the greatest investment with ownership of 318,828 shares as of Q2 2015 for 0.71% of the fund’s portfolio. Geneva Advisors Llc is another positive investment manager owning 24,251 shares of the company or 0.01% of their stocks portfolio. The stock is also 0.01% of the fund’s AUM. Moreover Kcm Investment Advisors Llc have 0.03% of their stock portfolio invested in the stock for 12,569 shares. The United Kingdom-based fund Alta Advisers Ltd disclosed it had purchased a stake worth 11.15% of the fund’s stock portfolio in Southern Copper Corp. The Washington-based fund Washington State Investment Board is also very upbeat about the publicly listed company, owning 107,757 shares or 3.87% of their stock portfolio.
Southern Copper Corp NYSE:SCCO Company Profile
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.
Company Website: Southern Copper Corp
Southern Copper Corp was incorporated in Delaware on 1995-09-07. This company has 12735 employees. Now its market worth is: $21.17 billion and it has 791.40 million shares outstanding. As of writing the company has 10.48% shareholders and the institutional ownership stands at 10.48%. The stock closed at $27.34 yesterday and it had average 2 days volume of 662722 shares. It is up from the 30 days average shares volume of 501293. Southern Copper Corp has a 52w low of $23.47 and a 52 weeks high of $33.30. The current price is below the 200 days SMA. Southern Copper Corp last issued its quarterly earnings report on 10/27/2015. The company reported 0.12 EPS for the quarter, missing the consensus estimate of 0.23 by -0.11. The company had a revenue of 1.13 billion for 9/30/2015 and 1.38 billion for 6/30/2015. Therefore, the revenue was -249,321,000 down.
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