Southern Copper Corporation $SCCO Shares Sold by Varma Mutual Pension Insurance Co

Posted by Stanley Muller on May 6th, 2026

Varma Mutual Pension Insurance Co trimmed its position in Southern Copper Corporation (NYSE:SCCO – Free Report) by 7.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,438 shares of the basic materials company’s stock after selling 5,671 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Southern Copper were worth $9,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Capital World Investors increased its position in shares of Southern Copper by 36.1% in the 3rd quarter. Capital World Investors now owns 6,437,608 shares of the basic materials company’s stock valued at $781,268,000 after acquiring an additional 1,708,693 shares during the period. State Street Corp increased its position in shares of Southern Copper by 1.5% in the 3rd quarter. State Street Corp now owns 2,795,976 shares of the basic materials company’s stock valued at $339,320,000 after acquiring an additional 40,847 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Southern Copper by 12.8% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,091,632 shares of the basic materials company’s stock valued at $132,479,000 after acquiring an additional 123,532 shares during the period. Vanguard Group Inc. increased its position in shares of Southern Copper by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 983,822 shares of the basic materials company’s stock valued at $141,149,000 after acquiring an additional 33,804 shares during the period. Finally, Legal & General Group Plc increased its position in shares of Southern Copper by 1.5% in the 3rd quarter. Legal & General Group Plc now owns 955,924 shares of the basic materials company’s stock valued at $116,012,000 after acquiring an additional 14,212 shares during the period. 7.94% of the stock is owned by institutional investors and hedge funds.

Southern Copper Price Performance

Shares of SCCO opened at $171.06 on Wednesday. Southern Copper Corporation has a fifty-two week low of $86.59 and a fifty-two week high of $223.88. The company has a debt-to-equity ratio of 0.57, a quick ratio of 3.89 and a current ratio of 4.38. The company has a market capitalization of $140.11 billion, a P/E ratio of 28.27, a P/E/G ratio of 1.68 and a beta of 1.07. The business’s 50-day moving average is $183.54 and its two-hundred day moving average is $165.19.

Shares of Southern Copper are set to split on the morning of Wednesday, May 13th. The 1.01-1 split was recently announced. The newly issued shares will be distributed to shareholders after the market closes on Tuesday, May 12th.

Southern Copper (NYSE:SCCO – Get Free Report) last posted its earnings results on Wednesday, April 29th. The basic materials company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.04. The firm had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Southern Copper had a return on equity of 45.63% and a net margin of 34.13%. Research analysts predict that Southern Copper Corporation will post 6.77 earnings per share for the current year.

Southern Copper Announces Dividend

The firm 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 $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, May 13th. Southern Copper’s dividend payout ratio (DPR) is presently 66.12%.

Insider Buying and Selling

In other Southern Copper news, Director Bonilla Luis Miguel Palomino sold 193 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $174.60, for a total value of $33,697.80. Following the sale, the director directly owned 1,707 shares of the company’s stock, valued at approximately $298,042.20. This trade represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. The Goldman Sachs Group raised Southern Copper from a “sell” rating to a “neutral” rating and set a $178.00 price target on the stock in a research report on Friday, April 10th. Morgan Stanley increased their price target on Southern Copper from $155.00 to $160.00 and gave the stock an “underweight” rating in a research report on Thursday, April 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Southern Copper in a research report on Friday, March 27th. UBS Group cut their price target on Southern Copper from $150.00 to $140.00 and set a “sell” rating on the stock in a research report on Friday, March 27th. Finally, Scotiabank reaffirmed an “underperform” rating and set a $133.00 price target (up from $125.00) on shares of Southern Copper in a research report on Thursday, April 23rd. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $144.25.

View Our Latest Research Report on Southern Copper

Southern Copper Profile

(Free Report)

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.