Southern Copper Corporation $SCCO Shares Newly Acquired by Royal Palms Capital LLC

Royal Palms Capital LLC acquired a new position in Southern Copper Corporation (NYSE:SCCO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 18,870 shares of the basic materials company’s stock, valued at approximately $3,824,000. Southern Copper accounts for approximately 3.4% of Royal Palms Capital LLC’s holdings, making the stock its 9th biggest holding.

A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Southern Copper during the 2nd quarter worth approximately $1,729,500,000. Bank of America Corp DE purchased a new stake in shares of Southern Copper in the second quarter worth $318,448,000. Legal & General Group Plc purchased a new stake in shares of Southern Copper in the second quarter worth $149,739,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Southern Copper in the first quarter worth $85,342,000. Finally, Deutsche Bank AG bought a new stake in shares of Southern Copper during the 2nd quarter valued at $85,770,000. 7.94% of the stock is owned by hedge funds and other institutional investors.

Southern Copper Trading Up 0.1%

Southern Copper stock opened at $185.19 on Monday. Southern Copper Corporation has a 1 year low of $119.25 and a 1 year high of $223.88. The firm’s 50 day moving average price is $201.50 and its 200-day moving average price is $188.23. The company has a debt-to-equity ratio of 0.63, a current ratio of 5.06 and a quick ratio of 4.56. The stock has a market cap of $154.51 billion, a P/E ratio of 24.24, a PEG ratio of 1.71 and a beta of 1.11.

Shares of Southern Copper are set to split on Tuesday, November 3rd. The 1.0106-1 split was recently announced. The newly created shares will be payable 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 for the quarter, topping analysts’ consensus estimates of $2.03 by $0.12. The firm had revenue of $4.70 billion during the quarter, compared to analyst estimates of $4.49 billion. Southern Copper had a net margin of 37.16% and a return on equity of 53.46%. During the same quarter in the prior year, the business earned $1.35 earnings per share. On average, equities analysts predict that Southern Copper Corporation will post 8.03 earnings per share for the current fiscal year.

Southern Copper Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Tuesday, November 3rd will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.8%. The ex-dividend date is Tuesday, November 3rd. This is an increase from Southern Copper’s previous quarterly dividend of $1.10. Southern Copper’s dividend payout ratio is presently 57.59%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SCCO shares. CICC Research cut shares of Southern Copper to a “market perform” rating in a research note on Sunday, July 26th. Citigroup reiterated a “positive” rating on shares of Southern Copper in a research note on Wednesday, July 15th. UBS Group reissued a “sell” rating and set a $180.00 price target (up from $160.00) on shares of Southern Copper in a report on Thursday, October 8th. Wall Street Zen raised Southern Copper from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. Finally, Weiss Ratings upgraded Southern Copper from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and seven have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $161.28.

Insider Buying and Selling

In other Southern Copper 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 transaction of $39,751.28. Following the completion of the transaction, the director owned 1,723 shares of the company’s stock, valued at $339,066.65. This represents a 10.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 603 shares of company stock valued at $120,213. 0.07% of the stock is owned by insiders.

Southern Copper News Roundup

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.