Southern Copper (NYSE:SCCO) Director Bonilla Luis Miguel Palomino Sells 100 Shares

Southern Copper Corporation (NYSE:SCCO) Director Luis Palomino Bonilla sold 100 shares of Southern Copper stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $210.00, for a total value of $21,000.00. Following the sale, the director directly owned 1,503 shares in the company, valued at $315,630. The trade was a 6.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Friday, September 4th, Luis Palomino Bonilla sold 100 shares of Southern Copper stock. The stock was sold at an average price of $200.00, for a total value of $20,000.00.
• On Tuesday, August 4th, Luis Palomino Bonilla sold 101 shares of Southern Copper stock. The stock was 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 shares were sold at an average price of $176.88, for a total value of $17,864.62.

Southern Copper Price Performance

Shares of SCCO stock opened at $194.11 on Friday. The stock’s fifty day simple moving average is $190.16 and its 200 day simple moving average is $184.27. Southern Copper Corporation has a one year low of $101.77 and a one year high of $223.88. The firm has a market cap of $161.95 billion, a price-to-earnings ratio of 28.38, a P/E/G ratio of 1.87 and a beta of 1.14. The company has a debt-to-equity ratio of 0.63, a current ratio of 5.06 and a quick ratio of 4.56.

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

Southern Copper Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Tuesday, August 11th were given a dividend of $1.10 per share. This is an increase from Southern Copper’s previous quarterly dividend of $1.00. The ex-dividend date was Tuesday, August 11th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.3%. Southern Copper’s dividend payout ratio is 64.33%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. CICC Research lowered shares of Southern Copper to a “market perform” rating in a research report on Sunday, July 26th. Wells Fargo & Company increased 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. Barclays set a $164.03 price target on Southern Copper and gave the company an “underweight” rating in a report on Thursday, July 23rd. Morgan Stanley lifted their price objective on Southern Copper from $144.27 to $156.13 and gave the company an “underweight” rating in a research report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. boosted their price objective on Southern Copper from $125.49 to $129.94 and gave the stock an “underweight” rating in a research note on Wednesday, June 17th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and seven have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $146.84.

Key Headlines Impacting Southern Copper

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

• Positive Sentiment: Longer term, Southern Copper remains positioned to benefit from tight copper supplies. Demand from artificial-intelligence data centers, power-grid upgrades and renewable-energy infrastructure is rising while global mine production is declining. The company’s low-cost operations, 49.04% return on equity and roughly 2.1% dividend yield could provide significant operating leverage if elevated copper prices persist. Southern Copper stock overview
• Positive Sentiment: Recent momentum screens continue to rank SCCO favorably for long-term investors, supported by strong earnings performance. Southern Copper most recently reported adjusted earnings above analyst expectations, although revenue fell short of estimates. Southern Copper momentum analysis
• Neutral Sentiment: Director Luis Palomino Bonilla sold 100 shares for approximately $21,000 at an average price of $210. The transaction reduced his holdings by 6.24%, but he still retained 1,503 shares, making the sale a relatively small insider transaction. Southern Copper director insider transaction
• Negative Sentiment: Near-term sentiment is weakened by SCCO’s premium valuation. The stock trades at about 28 times earnings and near the upper end of its 52-week range, while reported analyst consensus remains “Reduce” with an average price target well below the current market level. Southern Copper analyst forecast
• Negative Sentiment: High copper prices are also beginning to weigh on demand, with Chinese imports reportedly reaching a six-year low for August as fabricators resisted elevated spot prices. This creates a risk of further commodity-price volatility even though the longer-term supply outlook remains favorable. Copper stocks tariff-related decline

Hedge Funds Weigh In On Southern Copper

Institutional investors have recently modified their holdings of the stock. SHP Wealth Management bought a new stake in shares of Southern Copper during the fourth quarter valued at approximately $25,000. Bell Investment Advisors Inc bought a new position in Southern Copper in the 2nd quarter worth approximately $26,000. Rakuten Securities Inc. bought a new position in Southern Copper in the 2nd quarter worth approximately $28,000. Lloyd Advisory Services LLC. acquired a new position in Southern Copper during the 4th quarter worth $29,000. Finally, Virtus Advisers LLC acquired a new position in Southern Copper during the 4th quarter worth $29,000. 7.94% of the stock is owned by institutional investors.

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.