6,526 Southern Copper Corporation $SCCO Shares Purchased by Inspire Investing LLC

Posted by Geri Gentry on Oct 24th, 2026

Inspire Investing LLC lifted its stake in Southern Copper Corporation (NYSE:SCCO – Free Report) by 16.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 46,552 shares of the basic materials company’s stock after acquiring an additional 6,526 shares during the period. Inspire Investing LLC’s holdings in Southern Copper were worth $9,433,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SCCO. BlackRock Inc. purchased a new stake in Southern Copper in the second quarter valued at $1,729,500,000. Bank of America Corp DE acquired a new position in Southern Copper in the second quarter valued at $318,448,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Southern Copper by 2.2% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,290,648 shares of the basic materials company’s stock valued at $224,908,000 after acquiring an additional 27,744 shares in the last quarter. Legal & General Group Plc acquired a new position in Southern Copper in the second quarter valued at $149,739,000. Finally, Bollard Group LLC grew its holdings in shares of Southern Copper by 14.0% during the first quarter. Bollard Group LLC now owns 861,950 shares of the basic materials company’s stock worth $148,307,000 after purchasing an additional 105,763 shares during the last quarter. 7.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on SCCO. Zacks Research cut Southern Copper from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Wells Fargo & Company set a $193.00 price target on Southern Copper and gave the stock an “equal weight” rating in a research report on Friday. Morgan Stanley reiterated an “underweight” rating and issued a $170.00 price objective on shares of Southern Copper in a research note on Wednesday, October 7th. CICC Research cut Southern Copper to a “market perform” rating in a research note on Sunday, July 26th. Finally, Barclays reissued an “underweight” rating and issued a $168.00 price objective (up from $166.00) on shares of Southern Copper in a report on Monday. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and seven have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $161.28.

View Our Latest Stock Analysis on SCCO

Southern Copper Price Performance

Shares of SCCO opened at $185.19 on Friday. 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 fifty-two week low of $119.25 and a fifty-two week high of $223.88. The firm has a 50-day simple moving average of $201.50 and a 200-day simple moving average of $188.14. The company has a market capitalization of $154.51 billion, a price-to-earnings ratio of 24.24, a price-to-earnings-growth ratio of 1.71 and a beta of 1.11.

Southern Copper shares are set to split on the morning of Tuesday, November 3rd. The 1.0106-1 split was recently announced. The newly minted shares will be payable to shareholders after the market closes on Monday, November 2nd.

Southern Copper (NYSE:SCCO – Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The basic materials company reported $2.15 EPS for the quarter, beating the consensus estimate of $2.03 by $0.12. Southern Copper had a return on equity of 53.46% and a net margin of 37.16%. The firm had revenue of $4.70 billion during the quarter, compared to the consensus estimate of $4.49 billion. During the same period in the prior year, the business earned $1.35 EPS. On average, equities research analysts anticipate that Southern Copper Corporation will post 7.97 earnings per share for the current year.

Southern Copper Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Tuesday, November 3rd will be issued a $1.30 dividend. The ex-dividend date of this dividend is Tuesday, November 3rd. This is an increase from Southern Copper’s previous quarterly dividend of $1.10. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.8%. Southern Copper’s dividend payout ratio is presently 64.33%.

Insider Activity

In other news, Director Luis Palomino Bonilla sold 202 shares of the company’s 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 sale, the director owned 1,723 shares in the company, valued at $339,066.65. This represents a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 603 shares of company stock valued at $120,213 over the last quarter. Insiders own 0.07% of the company’s stock.

More Southern Copper News

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

(Free Report)

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.