Southern Copper Corporation $SCCO Shares Newly Acquired by Randolph Co Inc

Randolph Co Inc acquired a new stake in Southern Copper Corporation (NYSE:SCCO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 220,171 shares of the basic materials company’s stock, valued at approximately $44,615,000. Southern Copper accounts for about 3.5% of Randolph Co Inc’s portfolio, making the stock its 10th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bell Investment Advisors Inc bought a new position in shares of Southern Copper in the 2nd quarter worth $26,000. Rakuten Securities Inc. acquired a new stake in Southern Copper in the 2nd quarter valued at $28,000. Compass Financial Management LLC acquired a new stake in Southern Copper in the 2nd quarter valued at $41,000. Caitlin John LLC bought a new stake in Southern Copper during the 2nd quarter valued at $43,000. Finally, Princeton Global Asset Management LLC bought a new stake in Southern Copper during the 1st quarter valued at $43,000. Institutional investors own 7.94% of the company’s stock.

Insider Activity

In other news, Director Luis Palomino Bonilla sold 202 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $196.79, for a total value of $39,751.28. Following the completion of the sale, the director owned 1,723 shares in the company, valued at $339,066.65. This represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 603 shares of company stock valued at $120,213. Corporate insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on SCCO. Morgan Stanley reaffirmed an “underweight” rating and issued a $170.00 price objective on shares of Southern Copper in a research note on Wednesday, October 7th. CICC Research downgraded shares of Southern Copper to a “market perform” rating in a research report on Sunday, July 26th. Barclays reissued an “underweight” rating and set a $168.00 target price (up from $166.00) on shares of Southern Copper in a research report on Monday, October 19th. UBS Group restated a “sell” rating and issued a $180.00 target price (up from $160.00) on shares of Southern Copper in a report on Thursday, October 8th. Finally, Wall Street Zen raised shares of Southern Copper from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and seven have given a Sell rating to the stock. According to MarketBeat.com, Southern Copper presently has an average rating of “Reduce” and an average price target of $161.28.

Key Headlines Impacting Southern Copper

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

• Positive Sentiment: Record quarterly performance: Southern Copper reported record revenue of approximately $4.70 billion and net income, with earnings per share of $2.15 exceeding the $2.02 analyst consensus. Revenue also surpassed expectations of $4.49 billion, while year-over-year EPS rose from $1.35. Southern Copper reports record sales
• Positive Sentiment: Strong copper market backdrop: Rising copper prices were identified as a key driver of the company’s record sales and profitability, reinforcing the investment case for the integrated copper producer. Southern Copper earnings report
• Positive Sentiment: Production growth potential: SCCO expects to produce about 918,000 tons of copper in 2026. Management also continues to target a first-half 2028 start for the Tía María project, which could support longer-term volume growth. Southern Copper production outlook
• Positive Sentiment: Expansion option: The company is evaluating a potential $680 million expansion at its Cuajone mine, which could add future production capacity, although no final investment decision was reported. Southern Copper weighs Cuajone expansion
• Neutral Sentiment: SCCO has announced a dividend and a 1.0106-for-1 share distribution scheduled for November 3. The share adjustment is largely mechanical and does not change the company’s underlying value. Southern Copper dividend announcement
• Negative Sentiment: Some analysts remain cautious because SCCO’s strong results may already be reflected in its valuation. Conflicting analyst views and concerns about valuation limited the positive market reaction. Southern Copper valuation concerns

Southern Copper Trading Up 0.1%

Shares of Southern Copper stock opened at $185.19 on Monday. The stock has a fifty day simple moving average of $201.50 and a 200 day simple moving average of $188.23. Southern Copper Corporation has a 12-month low of $119.25 and a 12-month high of $223.88. The company has a market capitalization of $154.51 billion, a P/E ratio of 24.24, a price-to-earnings-growth ratio of 1.71 and a beta of 1.11. 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 shares are set to split on Tuesday, November 3rd. The 1.0106-1 split was recently announced. The newly issued shares will be payable to shareholders after the market closes on Monday, November 2nd.

Southern Copper (NYSE:SCCO) last released its quarterly earnings results on Wednesday, October 21st. The basic materials company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.12. Southern Copper had a return on equity of 53.46% and a net margin of 37.16%. The business had revenue of $4.70 billion during the quarter, compared to analyst estimates of $4.49 billion. During the same period in the prior year, the firm posted $1.35 EPS. On average, sell-side analysts anticipate that Southern Copper Corporation will post 8.03 earnings per share for the current fiscal year.

Southern Copper Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Tuesday, November 3rd will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, November 3rd. This is a positive change from Southern Copper’s previous quarterly dividend of $1.10. Southern Copper’s dividend payout ratio (DPR) is currently 57.59%.

Southern Copper Company Profile

Southern Copper Corporation (NYSE:SCCO) is a mining and metals company engaged primarily in the exploration, development, extraction, processing and production of copper. The company also produces molybdenum, zinc, silver and lead, along with related byproducts. Its operations include open-pit mines, underground mines, concentrators, smelters, refineries and other processing facilities.

Southern Copper operates mainly in Peru and Mexico. Its Peruvian assets include the Toquepala and Cuajone copper mines, while its Mexican operations include the Buenavista del Cobre and La Caridad mines, as well as associated processing and infrastructure facilities.