Southern Copper Corporation $SCCO Shares Sold by General Pension Society PZU Joint Stock Co

General Pension Society PZU Joint Stock Co decreased its holdings in Southern Copper Corporation (NYSE:SCCO) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 389,602 shares of the basic materials company’s stock after selling 3,684 shares during the quarter. Southern Copper accounts for approximately 11.3% of General Pension Society PZU Joint Stock Co’s holdings, making the stock its 2nd biggest holding. General Pension Society PZU Joint Stock Co’s holdings in Southern Copper were worth $55,896,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SCCO. Hopwood Financial Services Inc. acquired a new position in shares of Southern Copper in the 3rd quarter valued at $25,000. Lloyd Advisory Services LLC. acquired a new position in shares of Southern Copper in the 4th quarter valued at $29,000. United Community Bank acquired a new position in shares of Southern Copper in the 3rd quarter valued at $30,000. Caitlin John LLC acquired a new position in shares of Southern Copper in the 3rd quarter valued at $30,000. Finally, IFP Advisors Inc grew its holdings in shares of Southern Copper by 233.3% in the 4th quarter. IFP Advisors Inc now owns 230 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 161 shares during the last quarter. Institutional investors and hedge funds own 7.94% of the company’s stock.

Insider Buying and Selling

In other Southern Copper news, Director Bonilla Luis Miguel Palomino sold 200 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $177.82, for a total transaction of $35,564.00. Following the sale, the director owned 1,807 shares of the company’s stock, valued at $321,320.74. This represents a 9.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 500 shares of company stock worth $88,412. 0.07% of the stock is owned by corporate insiders.

Trending Headlines about Southern Copper

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

• Positive Sentiment: Southern Copper remains supported by strong recent earnings, with the company beating Wall Street estimates on both EPS and revenue in its latest quarter, reinforcing confidence in copper demand and operating execution.
• Positive Sentiment: News around the company’s planned Cuajone mine overhaul and expansion work is helping keep the long-term growth story in focus, since the project could support future production and asset life. Southern Copper plans $319M Cuajone mine overhaul
• Neutral Sentiment: Several write-ups are highlighting Southern Copper’s premium assets and valuation, suggesting the stock may still look expensive after its strong run, but not necessarily signaling a near-term catalyst either way. Southern Copper: Premium Assets, Premium Price
• Neutral Sentiment: A valuation-focused article also noted the stock’s strong earnings beat and Cuajone expansion plan, keeping investor attention on fundamentals rather than any single short-term event. Southern Copper (SCCO) Valuation Check After Earnings Beats And Cuajone Mine Expansion Plan
• Negative Sentiment: Barclays initiated coverage on Southern Copper with an underweight rating, adding to the cautious analyst tone around the stock and potentially pressuring sentiment. Barclays initiates coverage of Southern Copper (SCCO) with underweight recommendation
• Negative Sentiment: Insider selling by a company director, while relatively small, may also weigh on sentiment because traders often view insider sales as a mild caution signal. Southern Copper (NYSE:SCCO) Director Sells $35,564.00 in Stock

Southern Copper Stock Up 0.3%

SCCO opened at $179.68 on Friday. The firm’s 50-day simple moving average is $177.58 and its 200-day simple moving average is $169.41. The company has a debt-to-equity ratio of 0.57, a quick ratio of 3.89 and a current ratio of 4.38. Southern Copper Corporation has a twelve month low of $88.73 and a twelve month high of $223.88. The firm has a market cap of $147.18 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 1.77 and a beta of 1.07.

Southern Copper (NYSE:SCCO) last issued its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.04. Southern Copper had a net margin of 34.13% and a return on equity of 45.63%. The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $3.96 billion. Equities research analysts anticipate that Southern Copper Corporation will post 6.93 EPS for the current fiscal year.

Southern Copper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Wednesday, May 13th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.00 dividend on an annualized basis and a yield of 2.2%. Southern Copper’s dividend payout ratio is currently 66.12%.

Wall Street Analysts Forecast Growth

SCCO has been the topic of several analyst reports. Barclays initiated coverage on shares of Southern Copper in a report on Thursday. They issued an “underweight” rating and a $148.00 target price on the stock. The Goldman Sachs Group raised shares of Southern Copper from a “sell” rating to a “neutral” rating and set a $178.00 target price on the stock in a report on Friday, April 10th. JPMorgan Chase & Co. upped their target price on shares of Southern Copper from $117.50 to $127.00 and gave the stock an “underweight” rating in a report on Friday, April 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Southern Copper in a report on Friday, March 27th. Finally, Morgan Stanley upped their target price on shares of Southern Copper from $155.00 to $160.00 and gave the stock an “underweight” rating in a report on Thursday, April 9th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and eight have given a Sell rating to the company. According to MarketBeat.com, Southern Copper currently has an average rating of “Reduce” and an average target price of $145.14.

About Southern Copper

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.