Economy

Southern Copper's (SCCO) Neutral Rating Reiterated at Citigroup

Swiss National Bank who had been investing in Southern Copper Corp for a number of months, seems to be less bullish one the $38.90B market cap company.

The stock increased 0.19% or $0.09 during the last trading session, reaching $50.08. About 6.94M shares traded. Of those insider trades, 0 shares of Southern Copper Corporation were purchased and 0 shares were sold. It has outperformed by 11.56% the S&P500. Of those analysts, 1 rate stock as a Strong Buy, 3 rate it as Hold, and just 1 analyst rates it as a Moderate Sell. Therefore 44% are positive. State Street Corporation had 70 analyst reports since July 28, 2015 according to SRatingsIntel. BMO Capital Markets has "Market Perform" rating and $30 target. Nomura Hldg holds 0.01% or 51,987 shares. On Tuesday, January 12 the stock rating was downgraded by Barclays Capital to "Equal-Weight". The firm has "Outperform" rating given on Friday, September 18 by FBR Capital. As per Tuesday, August 15, the company rating was upgraded by J.P. Morgan. The stock increased 0.64% or $0.51 during the last trading session, reaching $79.86. It has underperformed by 6.20% the S&P500.

Cabot Corporation operates as a specialty chemicals and performance materials company. The firm has a market cap of $38,640.00, a price-to-earnings ratio of 32.46, a P/E/G ratio of 0.65 and a beta of 0.61. It has a 32.75 P/E ratio. It also provides compounds of carbon black and rubber primarily for tire applications; and cesium formate, a drilling and completion fluid for use in high pressure and high temperature gas and oil well construction.

Investors sentiment decreased to 1.17 in 2017 Q3. Its down 0.04, from 0.92 in 2017Q2. It dived, as 44 investors sold CELG shares while 457 reduced holdings. Korea owns 81,400 shares. Barclays Public Limited accumulated 76,333 shares. Jennison Assoc Lc accumulated 883,029 shares. X Ltd Liability Company invested in 65,544 shares. Advantus Capital Management reported 0.01% stake. Balyasny Asset Lc has 0% invested in Southern Copper Corporation (NYSE:SCCO). Utah Retirement Systems invested in 11,127 shares. Roanoke Asset Corp Ny owns 28,502 shares for 1.09% of their portfolio. Advisors Asset Management has 12,952 shares for 0.01% of their portfolio. Linscomb And Williams Inc stated it has 0.05% of its portfolio in Celgene Corporation (NASDAQ:CELG). Whittier Co Of Nevada has 0.58% invested in Celgene Corporation (NASDAQ:CELG) for 43,164 shares.

Since August 16, 2017, it had 0 insider buys, and 7 selling transactions for $58.32 million activity. Grove Hannah M sold $296,160 worth of stock or 3,200 shares. Nationwide Fund Advsrs stated it has 115,430 shares.

Among 13 analysts covering Southern Copper (NYSE:SCCO), 2 have Buy rating, 4 Sell and 7 Hold. Zacks Investment Research upgraded Southern Copper from a "hold" rating to a "strong-buy" rating and set a $50.00 price objective on the stock in a report on Saturday, October 28th. The stock has "Hold" rating by HSBC on Friday, October 16. Morgan Stanley downgraded the shares of SCCO in report on Tuesday, December 13 to "Underweight" rating. The company was downgraded on Monday, August 31 by JP Morgan. Goldman Sachs initiated it with "Neutral" rating and $27 target in Thursday, June 9 report.

Southern Copper Corporation (NYSE:SCCO) has seen its stock price gain 1.71, or +3.60%, so far in 2017. The firm has "Hold" rating given on Friday, August 26 by HSBC. As per Monday, January 8, the company rating was maintained by Leerink Swann.

Since July 31, 2017, it had 0 buys, and 2 sales for $25.27 million activity. Shares for $2.42 million were sold by MARIO ERNEST. Its up 0.16, from 0.91 in 2017Q2. It is positive, as 16 investors sold SCCO shares while 72 reduced holdings. 88 funds opened positions while 466 raised stakes. VELASCO GERMAN LARREA MOTA also sold $19.94 million worth of Southern Copper Corporation (NYSE:SCCO) shares. Voya Investment Management reported 0% stake. M&T Financial Bank Corp, New York-based fund reported 23,016 shares. The Virginia-based Quantitative Inv Ltd has invested 0.1% in Southern Copper Corporation (NYSE:SCCO). Natixis owns 5,161 shares. Hansberger Growth Lp has 54,058 shares for 2.9% of their portfolio. JPMorgan Chase & Co. increased its stake in shares of Southern Copper by 100.8% in the third quarter. Pub Employees Retirement Sys Of Ohio reported 0.31% of its portfolio in CVS Health Corporation (NYSE:CVS). Kames Capital Plc acquired 15,516 shares as Southern Copper Corporation (SCCO)'s stock declined 7.29%. Citigroup has invested 0% in Southern Copper Corporation (NYSE:SCCO). Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years.

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