Hsbc Holdings PLC Purchases New Position in Southern Copper Corporation $SCCO

Posted by Francis Steltz on Aug 27th, 2026

Hsbc Holdings PLC purchased a new stake in Southern Copper Corporation (NYSE:SCCO – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 256,077 shares of the basic materials company’s stock, valued at approximately $44,484,000.

Several other hedge funds have also bought and sold shares of the stock. Intech Investment Management LLC grew its stake in shares of Southern Copper by 0.8% during the 4th quarter. Intech Investment Management LLC now owns 6,030 shares of the basic materials company’s stock worth $865,000 after purchasing an additional 50 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in Southern Copper by 0.8% during the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 6,072 shares of the basic materials company’s stock valued at $871,000 after buying an additional 51 shares during the period. Steel Grove Capital Advisors LLC grew its position in Southern Copper by 1.8% during the fourth quarter. Steel Grove Capital Advisors LLC now owns 2,910 shares of the basic materials company’s stock valued at $417,000 after buying an additional 52 shares during the period. Ensign Peak Advisors Inc grew its position in Southern Copper by 0.8% during the fourth quarter. Ensign Peak Advisors Inc now owns 6,379 shares of the basic materials company’s stock valued at $915,000 after buying an additional 53 shares during the period. Finally, Venture Visionary Partners LLC increased its holdings in Southern Copper by 0.8% in the fourth quarter. Venture Visionary Partners LLC now owns 6,998 shares of the basic materials company’s stock valued at $1,004,000 after buying an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 7.94% of the company’s stock.

Southern Copper Stock Down 2.7%

Shares of NYSE SCCO opened at $213.68 on Thursday. The firm has a market cap of $178.28 billion, a price-to-earnings ratio of 31.24, a price-to-earnings-growth ratio of 1.88 and a beta of 1.11. The company’s 50-day simple moving average is $183.73 and its 200-day simple moving average is $183.58. The company has a quick ratio of 4.56, a current ratio of 5.06 and a debt-to-equity ratio of 0.63. Southern Copper Corporation has a 52-week low of $92.94 and a 52-week high of $223.88.

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

Southern Copper Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Tuesday, August 11th will be paid a dividend of $1.10 per share. This is an increase from Southern Copper’s previous quarterly dividend of $1.00. The ex-dividend date is Tuesday, August 11th. This represents a $4.40 annualized dividend and a yield of 2.1%. Southern Copper’s dividend payout ratio (DPR) is presently 64.33%.

Insider Activity at Southern Copper

In other Southern Copper 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 owned 1,723 shares of the company’s stock, valued at $339,066.65. This represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 509 shares of company stock worth $97,753 over the last ninety days. 0.07% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SCCO. Zacks Research lowered shares of Southern Copper from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Wall Street Zen lowered Southern Copper from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. JPMorgan Chase & Co. upped their price target on Southern Copper from $125.49 to $129.94 and gave the stock an “underweight” rating in a report on Wednesday, June 17th. Wells Fargo & Company increased their price target on Southern Copper from $168.97 to $169.96 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Finally, Citigroup reissued a “positive” rating on shares of Southern Copper in a report on Wednesday, July 15th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and seven have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Southern Copper has a consensus rating of “Reduce” and a consensus target price of $146.84.

Read Our Latest Stock Report on SCCO

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.