Illinois Municipal Retirement Fund acquired a new position in shares of Southern Copper Corporation (NYSE:SCCO – Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,172 shares of the basic materials company’s stock, valued at approximately $890,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its holdings in shares of Southern Copper by 42.1% in the first quarter. Royal Bank of Canada now owns 44,879 shares of the basic materials company’s stock valued at $4,194,000 after purchasing an additional 13,293 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Southern Copper by 17.9% during the first quarter. Empowered Funds LLC now owns 6,705 shares of the basic materials company’s stock worth $627,000 after buying an additional 1,020 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of Southern Copper by 21.5% during the first quarter. Focus Partners Wealth now owns 5,944 shares of the basic materials company’s stock worth $556,000 after buying an additional 1,052 shares in the last quarter. First Trust Advisors LP raised its position in Southern Copper by 37.4% in the 2nd quarter. First Trust Advisors LP now owns 73,379 shares of the basic materials company’s stock valued at $7,424,000 after buying an additional 19,957 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its stake in Southern Copper by 17.7% in the 2nd quarter. Baird Financial Group Inc. now owns 4,864 shares of the basic materials company’s stock valued at $492,000 after acquiring an additional 731 shares in the last quarter. 7.94% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Southern Copper
In other Southern Copper news, Director Bonilla Luis Miguel Palomino sold 200 shares of the company’s stock in a transaction on 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 directly owned 1,807 shares of the company’s stock, valued at approximately $321,320.74. This represents a 9.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold 404 shares of company stock worth $74,108 over the last 90 days. Corporate insiders own 0.07% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on Southern Copper
Key Southern Copper News
Here are the key news stories impacting Southern Copper this week:
- Positive Sentiment: Southern Copper reported quarterly EPS of $2.01, beating Wall Street estimates, while revenue jumped 40.6% year over year and margins remained strong. Press Release
- Positive Sentiment: The company outlined a path to lift copper production to more than 1.06 million tonnes by 2029, supporting optimism around future growth and cash flow. Southern Copper maps route to over 1M tonnes by 2029
- Neutral Sentiment: Investors are also focused on copper market trends, with industry commentary noting firmer copper earlier in the week before a notable intraday drop later on. Southern Copper (NYSE:SCCO) In Focus As Copper Prices Firm
- Negative Sentiment: Revenue came in slightly below consensus, which may have tempered enthusiasm despite the EPS beat.
- Negative Sentiment: Broader copper weakness is weighing on sentiment for copper miners, adding near-term pressure to SCCO shares. Copper’s Biggest Intraday Drop in 2026: 5 Stocks Most at Risk Today
Southern Copper Stock Down 6.9%
SCCO stock opened at $181.99 on Friday. The company has a quick ratio of 3.89, a current ratio of 4.38 and a debt-to-equity ratio of 0.57. The business has a 50 day moving average price of $180.71 and a two-hundred day moving average price of $183.41. The company has a market cap of $150.33 billion, a price-to-earnings ratio of 26.61, a P/E/G ratio of 1.67 and a beta of 1.11. Southern Copper Corporation has a twelve month low of $88.73 and a twelve month high of $223.88.
Southern Copper shares are set to split before the market opens on Tuesday, August 11th. The 1.012-1 split was recently announced. The newly created shares will be payable to shareholders after the closing bell on Monday, August 10th.
Southern Copper (NYSE:SCCO – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The basic materials company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.06. The company had revenue of $4.29 billion for the quarter, compared to analysts’ expectations of $4.37 billion. Southern Copper had a return on equity of 50.74% and a net margin of 35.87%.The business’s quarterly revenue was up 40.6% on a year-over-year basis. Analysts anticipate that Southern Copper Corporation will post 7.68 EPS for the current fiscal year.
Southern Copper Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Tuesday, August 11th will be issued a dividend of $1.10 per share. The ex-dividend date is Tuesday, August 11th. This is a positive change from Southern Copper’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a yield of 2.4%. Southern Copper’s dividend payout ratio is presently 66.12%.
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.
Featured Stories
- Five stocks we like better than Southern Copper
- Premium Retail’s Stress Test Is Separating Winners From Losers
- D-Wave Quantum or a Quantum ETF: Which Is the Better Bet?
- GE Vernova Just Sent a Mixed AI Signal to Investors
- Alphabet Crushed Earnings, But One Number Spooked the Market
Receive News & Ratings for Southern Copper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern Copper and related companies with MarketBeat.com's FREE daily email newsletter.
