Southern Peru Copper Corp (NYSE:SCCO).
Hosking Partners Llp reports that it bought 1,099 shares in quarter ending 09/30/2017 increasing its stake in Southern Peru Copper Corp (SCCO) by 0.4%. Its investment was valued at $10,369,000 an increase of $1,376,000 as of quarter end.
Hosking Partners Llp isn’t the only one who has changed their investment in SCCO. As of the end of the quarter Ubs Asset Management Americas Inc had bought a total of 1,273 shares growing its position 70.7%. The value of the investment in SCCO went from $62,334,000 to $122,182,000 a change of 96.0% since the last quarter. Raymond James & Associates bolstered its stake by buying 1,058 shares an increase of 6.4% as of 09/30/2017. Raymond James & Associates currently owns 17,526 shares with a value of $697,000. The value of the position overall is up by 22.3%.
As of quarter end Agf Investments Inc. had disposed of 8,380 shares trimming its stake by 3.5%. The value in dollars increased from $8,198,000 to $9,076,000 a change of $878,000 quarter over quarter.
Equity analyst Cowen and Company raised the price target on November 3 changing the price objective from $39.00 to $48.00 with a rating of “Market Perform”.
On October 23 Goldman Sachs Group, Inc. (The) left the company rating at “Neutral” projecting a price of $40.00. On October 23, 2017 FBR & Co reiterated a “Buy” rating on the stock.
Barclays PLC raised the price target on August 9 changing the forecast from $33.00 to $35.00 and issued a “Underweight” recommendation.
The company is down since yesterday’s close of 42.9. The company’s P/E ratio is 27.54 and market cap is 32.71B. In the last earnings report the EPS was $1.54 with 773.03M shares now outstanding.
Investors are a little more bearish lately if you look at the change in short interest. The firm saw a rise in short interest between September 29, 2017 and October 13, 2017 of 14.79%. Short shares grew 1,117,777 over that period. Days to cover decreased 0.0 to 9.0 and the percentage of shorted shares was 0.01% on October 13.