Randolph Co Inc Buys New Shares in Southern Copper Corporation $SCCO

Randolph Co Inc purchased a new stake in shares of Southern Copper Corporation (NYSE:SCCO) in the third quarter, Holdings Channel reports. The firm purchased 220,171 shares of the basic materials company’s stock, valued at approximately $44,615,000. Southern Copper comprises about 3.5% of Randolph Co Inc’s portfolio, making the stock its 10th largest position.

A number of other hedge funds have also bought and sold shares of SCCO. Signaturefd LLC grew its stake in Southern Copper by 1.8% in the 3rd quarter. Signaturefd LLC now owns 8,572 shares of the basic materials company’s stock valued at $1,737,000 after purchasing an additional 153 shares during the period. Carolina Wealth Advisors LLC raised its stake in shares of Southern Copper by 1.9% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 27,301 shares of the basic materials company’s stock worth $5,532,000 after purchasing an additional 496 shares during the period. RWC Asset Management LLP bought a new stake in shares of Southern Copper during the 3rd quarter worth $5,668,000. RWC Asset Advisors US LLC raised its stake in shares of Southern Copper by 1,286.2% during the 3rd quarter. RWC Asset Advisors US LLC now owns 77,545 shares of the basic materials company’s stock worth $15,714,000 after purchasing an additional 71,951 shares during the period. Finally, Gibson Capital LLC purchased a new position in shares of Southern Copper in the 3rd quarter worth about $220,000. 7.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SCCO shares. Morgan Stanley restated an “underweight” rating and set a $170.00 price target on shares of Southern Copper in a research report on Wednesday, October 7th. Zacks Research downgraded shares of Southern Copper from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Weiss Ratings raised shares of Southern Copper from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Wall Street Zen raised shares of Southern Copper from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Finally, Citigroup reiterated a “positive” rating on shares of Southern Copper in a research note on Wednesday, July 15th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and seven have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $161.28.

Insider Buying and Selling at Southern Copper

In related news, Director Luis Palomino Bonilla sold 202 shares of Southern Copper stock in a transaction dated Wednesday, August 5th. The stock was 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 of the company’s stock, valued at approximately $339,066.65. This trade represents a 10.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 603 shares of company stock worth $120,213. 0.07% of the stock is currently owned by corporate insiders.

Southern Copper Price Performance

Shares of NYSE SCCO opened at $185.19 on Monday. The stock has a fifty day simple moving average of $201.50 and a two-hundred day simple moving average of $188.23. Southern Copper Corporation has a 1-year low of $119.25 and a 1-year high of $223.88. The firm has a market cap of $154.51 billion, a price-to-earnings 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.

Shares of Southern Copper are set to split on Tuesday, November 3rd. The 1.0106-1 split was recently announced. The newly minted shares will be issued to shareholders after the closing bell on Monday, November 2nd.

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

Southern Copper Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Tuesday, November 3rd will be paid a dividend of $1.30 per share. 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 is currently 57.59%.

Key Stories 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 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.