Riley FBR Cuts Southern Copper (NYSE:SCCO) Stock To a Neutral Rating

Marco Green
April 21, 2018

Commerzbank Aktiengesellschaft Fi holds 0.1% of its portfolio in Southern Copper Corporation (NYSE:SCCO) for 169,009 shares. The company has market cap of $44.33 billion. The stock increased 0.75% or $0.16 during the last trading session, reaching $21.39. About 2.28 million shares traded. It has underperformed by 11.45% the S&P500.The move comes after 7 months positive chart setup for the $1.24 billion company.

Paloma Partners Management Company decreased its stake in Southern Copper Corp (Call) (SCCO) by 85.57% based on its latest 2017Q4 regulatory filing with the SEC. Commonwealth Bank of Australia now owns 1,015,831 shares of the basic materials company's stock worth $40,383,000 after purchasing an additional 52,342 shares in the last quarter. Moreover, Sensato Investors Llc has 2.46% invested in the company for 413,046 shares. Southern Copper Corp now has $43.40B valuation.

The stock decreased 0.45% or $0.26 during the last trading session, reaching $57.08. It also reduced Tal Education Group Adr (NYSE:XRS) stake by 216,931 shares and now owns 152,136 shares. Southern Copper has a 52 week low of $32.63 and a 52 week high of $58.09. SCCO outperformed by 37.60% the S&P500.

Analysts await Select Income REIT (NASDAQ:SIR) to report earnings on April, 24. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.71 and a quick ratio of 1.82. Wallace Cap Management Inc has invested 0.35% in The Clorox Company (NYSE:CLX).

Since December 12, 2017, it had 0 insider purchases, and 5 selling transactions for $1.37 million activity.

Investors sentiment is 1.07 in Q4 2017. 0 analysts call it Underweight, while 1 think it is Overweight. It dropped, as 16 investors sold VSH shares while 97 reduced holdings. 344,800 were reported by Denali Advsr Ltd Llc. Brown Advisory Secs Limited Co invested 0.14% in The Clorox Company (NYSE:CLX). Connor Clark & Lunn Investment Mgmt Ltd accumulated 5,000 shs or 0% of the stock. Bahl And Gaynor invested in 27,166 shares or 0.04% of the stock. Korea Investment owns 81,400 shares or 0.02% of their United States portfolio. Connor Clark And Lunn Investment Mgmt holds 5,000 shs or 0% of its capital. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.02% or 46,403 shares. Marketfield Asset Management Llc, a New York-based fund reported 147,715 shares. Investors holded 47.18 million in 2017Q3 but now own 49.13 million shares or 4.13% more. Court Place invested 0.1% of its portfolio in The Clorox Company (NYSE:CLX). Bluemountain Capital Ltd reported 273,987 shares or 0.35% of all its holdings. Teacher Retirement Sys Of Texas reported 0% stake. (NYSE:VSH). Ing Groep Nv accumulated 19,899 shares or 0.01% of the stock. (NYSE:VSH) on Thursday, January 18 with "Hold" rating. Therefore 43% are positive. As per Wednesday, January 17, the company rating was maintained by Mizuho. The stock of The Clorox Company (NYSE:CLX) earned "Sector Perform" rating by RBC Capital Markets on Thursday, November 3. (NYSE:VSH) rating on Wednesday, October 4. The stock has "Sell" rating by J.P. Morgan on Friday, April 13. The rating was maintained by Stifel Nicolaus on Monday, September 11 with "Hold".

Among 10 analysts covering Wabash National Corp (NYSE:WNC), 3 have Buy rating, 1 Sell and 6 Hold. They expect $0.35 earnings per share, up 12.90% or $0.04 from last year's $0.31 per share. SCCO's profit would be $479.28M giving it 22.92 P/E if the $0.62 EPS is correct.

During Q4 2017 the big money sentiment is 1.07. Its the same as in 2017Q3. It has no change, as 22 investors sold Southern Copper Corporation shares while 76 reduced holdings. only 46 funds opened positions while 59 raised stakes. Rhumbline Advisers stated it has 0.01% in Southern Copper Corporation (NYSE:SCCO).

Analysts expect Southern Copper Corporation (NYSE:SCCO) to report $0.62 EPS on May, 3.They anticipate $0.21 EPS change or 51.22% from last quarter's $0.41 EPS. Vanguard Gp Incorporated reported 0% stake. Earnest Prns Limited Co holds 21 shares. Indexiq Advisors Ltd Co holds 118,339 shares. Oberweis Asset Management Inc acquired 38,440 shares as Vishay Intertechnology (VSH)'s stock declined 14.92%. Comerica Bancshares stated it has 4,109 shares. Blackrock Inc has 0% invested in Infinera Corporation (NASDAQ:INFN). Apg Asset Nv reported 587,900 shares. Strs Ohio reported 120,000 shares. Wabash National Corporation (NYSE:WNC) has risen 0.10% since April 20, 2017 and is uptrending.

Analysts await The Clorox Company (NYSE:CLX) to report earnings on May, 2 before the open. Glenmede Co Na has 6,442 shares for 0% of their portfolio. Southern Copper had 33 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was initiated by FBR Capital with "Outperform" on Monday, August 22.

4/13/2018-JPMorgan Chase was Downgraded by analysts at JPMorgan Chase from a "Neutral " rating to a " Underweight" rating. Cowen & Co maintained it with "Hold" rating and $53.0 target in Tuesday, February 6 report. The stock of Southern Copper Corporation (NYSE:SCCO) earned "Hold" rating by HSBC on Friday, August 26. The stock of Wabash National Corporation (NYSE:WNC) has "Hold" rating given on Thursday, July 6 by BMO Capital Markets. Bank of America has "Neutral" rating and $140 target. Roanoke Asset Management New York reported 0.22% in Vishay Intertechnology, Inc. The stock of Southern Copper Corporation (NYSE:SCCO) has "Neutral" rating given on Wednesday, December 7 by Credit Suisse.

Southern Copper Corporation had 1 insider sale and 0 buys since March 5, 2018.

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