Madison Asset Management LLC Invests $2.77 Million in Southern Copper Corporation $SCCO

Posted by Francis Steltz on Aug 21st, 2026

Madison Asset Management LLC bought a new stake in Southern Copper Corporation (NYSE:SCCO – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,900 shares of the basic materials company’s stock, valued at approximately $2,771,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. purchased a new position in Southern Copper during the 2nd quarter worth $1,729,500,000. Bank of New York Mellon Corp purchased a new stake in shares of Southern Copper in the second quarter valued at about $696,621,000. State Street Corp raised its holdings in shares of Southern Copper by 2.4% in the fourth quarter. State Street Corp now owns 2,862,244 shares of the basic materials company’s stock valued at $410,646,000 after buying an additional 66,268 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Southern Copper by 0.3% in the fourth quarter. Fisher Asset Management LLC now owns 2,536,228 shares of the basic materials company’s stock valued at $363,873,000 after buying an additional 7,194 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Southern Copper by 8.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,181,293 shares of the basic materials company’s stock worth $169,480,000 after buying an additional 90,237 shares during the period. Hedge funds and other institutional investors own 7.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SCCO. Morgan Stanley raised their price target on Southern Copper from $144.27 to $156.13 and gave the stock an “underweight” rating in a report on Wednesday, July 8th. UBS Group reaffirmed a “sell” rating and set a $158.10 price objective (up from $143.28) on shares of Southern Copper in a research report on Tuesday, June 30th. JPMorgan Chase & Co. lifted their target price on Southern Copper from $125.49 to $129.94 and gave the company an “underweight” rating in a research note on Wednesday, June 17th. Scotiabank reissued an “underperform” rating and issued a $138.34 target price (up from $133.40) on shares of Southern Copper in a report on Monday, June 15th. Finally, CICC Research lowered Southern Copper to a “market perform” rating in a report on Sunday, July 26th. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $146.84.

Read Our Latest Stock Analysis on SCCO

Southern Copper Stock Up 2.5%

SCCO stock opened at $199.45 on Friday. The stock has a market capitalization of $166.41 billion, a PE ratio of 29.16, a price-to-earnings-growth ratio of 1.67 and a beta of 1.11. The company has a fifty day moving average of $181.66 and a 200-day moving average of $182.97. The company has a debt-to-equity ratio of 0.63, a quick ratio of 4.56 and a current ratio of 5.06. Southern Copper Corporation has a one year low of $92.57 and a one year high of $223.88.

Southern Copper (NYSE:SCCO – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The basic materials company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.06. The business had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.37 billion. Southern Copper had a net margin of 35.87% and a return on equity of 49.04%. The firm’s revenue for the quarter was up 40.6% on a year-over-year basis. As a group, analysts expect that Southern Copper Corporation will post 7.61 EPS for the current year.

Southern Copper Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Tuesday, August 11th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.2%. The ex-dividend date is Tuesday, August 11th. This is a positive change from Southern Copper’s previous quarterly dividend of $1.00. Southern Copper’s payout ratio is presently 64.33%.

Insider Transactions at Southern Copper

In other news, Director Bonilla Luis Miguel Palomino sold 202 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $196.79, for a total transaction of $39,751.28. Following the completion of the transaction, the director directly owned 1,723 shares of the company’s stock, valued at approximately $339,066.65. This represents a 10.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 509 shares of company stock worth $97,753. Insiders own 0.07% of the company’s stock.

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.