Insider Selling: Southern Copper (NYSE:SCCO) Director Sells $20,000.00 in Stock

Southern Copper Corporation (NYSE:SCCO) Director Luis Palomino Bonilla sold 100 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $200.00, for a total transaction of $20,000.00. Following the sale, the director directly owned 1,603 shares of the company’s stock, valued at approximately $320,600. This trade represents a 5.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bonilla Luis Miguel Palomino also recently made the following trade(s):

• On Tuesday, September 8th, Luis Palomino Bonilla sold 100 shares of Southern Copper stock. The shares were sold at an average price of $210.00, for a total transaction of $21,000.00.
• On Tuesday, August 4th, Luis Palomino Bonilla sold 101 shares of Southern Copper stock. The shares were sold at an average price of $192.69, for a total value of $19,461.46.
• On Wednesday, August 5th, Luis Palomino Bonilla sold 202 shares of Southern Copper stock. The stock was sold at an average price of $196.79, for a total value of $39,751.28.
• On Friday, July 24th, Luis Palomino Bonilla sold 101 shares of Southern Copper stock. The stock was sold at an average price of $176.88, for a total value of $17,864.62.

Southern Copper Price Performance

NYSE:SCCO opened at $194.11 on Friday. The business’s 50-day moving average is $190.16 and its 200 day moving average is $184.27. Southern Copper Corporation has a 12 month low of $101.77 and a 12 month high of $223.88. The company has a market capitalization of $161.95 billion, a P/E ratio of 28.38, a P/E/G ratio of 1.87 and a beta of 1.14. The company has a current ratio of 5.06, a quick ratio of 4.56 and a debt-to-equity ratio of 0.63.

Southern Copper (NYSE:SCCO) last released its quarterly earnings results on Wednesday, July 22nd. The basic materials company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.06. The business had revenue of $4.29 billion during the quarter, compared to analysts’ expectations of $4.37 billion. Southern Copper had a return on equity of 49.04% and a net margin of 35.87%.The company’s quarterly revenue was up 40.6% compared to the same quarter last year. On average, equities research analysts forecast that Southern Copper Corporation will post 7.83 earnings per share for the current fiscal year.

Southern Copper Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Tuesday, August 11th were given a $1.10 dividend. This is a boost from Southern Copper’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a yield of 2.3%. The ex-dividend date was Tuesday, August 11th. Southern Copper’s dividend payout ratio (DPR) is presently 64.33%.

Analysts Set New Price Targets

SCCO has been the subject of several research reports. CICC Research lowered shares of Southern Copper to a “market perform” rating in a research report on Sunday, July 26th. Scotiabank restated an “underperform” rating and set a $138.34 target price (up from $133.40) on shares of Southern Copper in a research report on Monday, June 15th. Morgan Stanley increased their price target on shares of Southern Copper from $144.27 to $156.13 and gave the company an “underweight” rating in a report on Wednesday, July 8th. Barclays set a $164.03 price target on shares of Southern Copper and gave the company an “underweight” rating in a report on Thursday, July 23rd. Finally, Wells Fargo & Company lifted their price target on Southern Copper from $168.97 to $169.96 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and seven have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $146.84.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SCCO. California State Teachers Retirement System grew its stake in shares of Southern Copper by 8,035.9% during the second quarter. California State Teachers Retirement System now owns 20,545,080 shares of the basic materials company’s stock valued at $3,580,186,000 after buying an additional 20,292,556 shares during the last quarter. BlackRock Inc. purchased a new stake in Southern Copper in the second quarter worth $1,729,500,000. Bank of America Corp DE bought a new stake in shares of Southern Copper during the second quarter worth $318,448,000. Legal & General Group Plc bought a new stake in shares of Southern Copper during the second quarter worth $149,739,000. Finally, Norges Bank purchased a new stake in shares of Southern Copper during the fourth quarter valued at $97,645,000. 7.94% of the stock is owned by hedge funds and other institutional investors.

Southern Copper News Summary

Here are the key news stories impacting Southern Copper this week:

• Positive Sentiment: Longer term, Southern Copper remains positioned to benefit from structural copper demand tied to artificial-intelligence data centers, power-grid upgrades and renewable-energy infrastructure. Global mine production is weakening while demand is expected to grow, supporting the outlook for copper prices and low-cost producers. Copper’s Record Rally Highlights a Deeper Supply Problem
• Positive Sentiment: Southern Copper’s recent fundamentals remain strong: quarterly earnings exceeded estimates, revenue rose substantially year over year, and the company maintains high profitability with a return on equity near 49%. Its quarterly dividend was also increased to $1.10 per share. Southern Copper Company Information
• Neutral Sentiment: Zacks continues to highlight SCCO’s momentum and popularity among investors, but these ratings-based articles do not introduce a new fundamental catalyst. Why Southern Copper Is a Top Momentum Stock for the Long Term
• Negative Sentiment: The copper pullback affected the broader mining group, with Southern Copper and other major producers selling off as tariff-related expectations unwound. Copper Stocks Tumble as Tariff Doubt Reverses Record Rally
• Negative Sentiment: Near-term valuation concerns may amplify volatility. SCCO trades at a premium after its strong run, while the cited analyst consensus is “Reduce” with an average price target well below recent trading levels. Southern Copper Sees a More Significant Dip Than the Broader Market
• Negative Sentiment: A director sold 100 shares in a modest transaction, following several earlier sales. The sale is small relative to the company’s market value but adds a limited negative signal. Southern Copper Director Insider Selling

Southern Copper Company Profile

Southern Copper Corporation (NYSE: SCCO) is an integrated copper producer engaged in the exploration, mining, processing, smelting and refining of minerals. The company produces copper in the form of cathodes, concentrates and anodes, along with byproducts including molybdenum, zinc, silver, lead and sulfuric acid.

Southern Copper operates mining and processing facilities in Mexico and Peru. Its principal Mexican operations include the Buenavista del Cobre and La Caridad mining complexes, while its Peruvian operations include the Toquepala and Cuajone mines and the Ilo smelter and refinery.