Rakuten Investment Management Inc. Makes New $2.98 Million Investment in Southern Copper Corporation $SCCO

Rakuten Investment Management Inc. acquired a new stake in shares of Southern Copper Corporation (NYSE:SCCO) during the third quarter, HoldingsChannel reports. The fund acquired 24,520 shares of the basic materials company’s stock, valued at approximately $2,976,000.

A number of other hedge funds also recently made changes to their positions in the stock. Legal & General Group Plc lifted its holdings in Southern Copper by 4.3% during the second quarter. Legal & General Group Plc now owns 941,712 shares of the basic materials company’s stock valued at $95,273,000 after purchasing an additional 38,856 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Southern Copper by 5.7% during the 3rd quarter. Nordea Investment Management AB now owns 148,484 shares of the basic materials company’s stock valued at $17,778,000 after purchasing an additional 7,995 shares during the period. SBI Securities Co. Ltd. lifted its stake in shares of Southern Copper by 82.5% during the 2nd quarter. SBI Securities Co. Ltd. now owns 5,085 shares of the basic materials company’s stock valued at $514,000 after buying an additional 2,298 shares in the last quarter. Edgestream Partners L.P. bought a new position in Southern Copper in the 2nd quarter worth $5,436,000. Finally, Capital Advisors Inc. OK boosted its holdings in Southern Copper by 1.3% in the 2nd quarter. Capital Advisors Inc. OK now owns 277,035 shares of the basic materials company’s stock worth $28,028,000 after buying an additional 3,449 shares during the period. 7.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Southern Copper

In other news, Director Bonilla Luis Miguel Palomino sold 400 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $139.00, for a total transaction of $55,600.00. Following the sale, the director directly owned 1,265 shares in the company, valued at approximately $175,835. This represents a 24.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 948 shares of company stock valued at $131,130. Insiders own 0.07% of the company’s stock.

Southern Copper Stock Up 4.5%

Shares of SCCO opened at $184.39 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 4.52 and a quick ratio of 3.91. The stock has a market capitalization of $149.76 billion, a price-to-earnings ratio of 38.66, a price-to-earnings-growth ratio of 1.48 and a beta of 1.06. Southern Copper Corporation has a 1 year low of $74.84 and a 1 year high of $191.22. The business’s 50 day simple moving average is $149.40 and its 200-day simple moving average is $125.08.

Southern Copper (NYSE:SCCO) last announced its quarterly earnings results on Friday, October 31st. The basic materials company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.09. The company had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.05 billion. Southern Copper had a net margin of 30.98% and a return on equity of 38.74%. As a group, equities analysts expect that Southern Copper Corporation will post 4.66 earnings per share for the current fiscal year.

Key Stories Impacting Southern Copper

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

• Negative Sentiment: JPMorgan cut Southern Copper to an “underweight” and trimmed its price target to $117.50 (from $119.50), implying meaningful downside versus current levels — a material bearish signal from a major bank that pressures near‑term sentiment. Read More.
• Negative Sentiment: MSN coverage highlights JP Morgan’s downgrade and that the bank shifted its top metals pick to Vale, signaling firm-level preference away from SCCO and increased competitive risk. Read More.
• Negative Sentiment: A separate MSN/coverage note frames the JP Morgan move as cutting SCCO to a sell-equivalent while naming Vale as the preferred metals exposure — reinforces the same negative thematic shift. Read More.
• Negative Sentiment: UBS reiterated a “sell” rating and holds a $148 price target, another analyst view implying roughly 20% downside from current levels — additional downward pressure from the sell‑side consensus. Read More.
• Neutral Sentiment: Yahoo analysis piece examines the shifting narrative after the fresh price‑target resets; useful context for investors weighing whether downgrades reflect short‑term price moves or longer‑term fundamentals. Read More.
• Neutral Sentiment: Zacks comparison of Rio Tinto vs. Southern Copper highlights competitor momentum (RIO lifting copper output and tech adoption), which is useful for relative‑value and sector allocation decisions. Read More.
• Neutral Sentiment: Recent earnings/transcript posts (Q3 2025 and Q3 2024) are available for deeper drilldowns on production, costs and margin commentary — important background but not immediate catalysts in these headlines. Read More. • Read More.

Analyst Ratings Changes

A number of research firms have commented on SCCO. Itau BBA Securities cut Southern Copper from a “market perform” rating to an “underperform” rating and set a $126.00 price target on the stock. in a report on Monday, December 22nd. The Goldman Sachs Group reissued a “sell” rating and issued a $129.00 price target on shares of Southern Copper in a report on Wednesday, January 14th. Jefferies Financial Group set a $155.00 price objective on shares of Southern Copper and gave the company a “buy” rating in a report on Monday, October 6th. HSBC reiterated a “hold” rating and set a $118.00 price objective (up previously from $105.00) on shares of Southern Copper in a research report on Friday, October 17th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Southern Copper in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and seven have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $129.35.

Southern Copper Profile

Southern Copper Corporation (NYSE: SCCO) is a large, integrated copper producer whose operations span the full value chain from exploration and mining to smelting, refining and the sale of copper and other metal products. The company produces a range of copper products including copper concentrate and refined cathodes, and recovers valuable byproducts such as molybdenum, silver and zinc. Southern Copper concentrates on high-volume, long-life assets designed to support steady production and processing capabilities.

Southern Copper’s operations are concentrated in Peru and Mexico, where it owns and operates multiple large-scale mining and processing facilities.