Florida Financial Advisors LLC Buys Shares of 10,839 Southern Copper Corporation $SCCO

Posted by George Bondi on Jul 21st, 2026

Florida Financial Advisors LLC purchased a new position in shares of Southern Copper Corporation (NYSE:SCCO – Free Report) in the first quarter, HoldingsChannel reports. The fund purchased 10,839 shares of the basic materials company’s stock, valued at approximately $1,865,000.

Other hedge funds also recently made changes to their positions in the company. SHP Wealth Management acquired a new stake in shares of Southern Copper in the fourth quarter valued at approximately $25,000. Lloyd Advisory Services LLC. acquired a new position in shares of Southern Copper during the 4th quarter worth about $29,000. Virtus Advisers LLC bought a new position in shares of Southern Copper in the 4th quarter valued at about $29,000. Godfrey Financial Associates Inc. bought a new position in shares of Southern Copper in the 4th quarter valued at about $30,000. Finally, IFP Advisors Inc increased its position in shares of Southern Copper by 233.3% in the fourth quarter. IFP Advisors Inc now owns 230 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 161 shares during the last quarter. 7.94% of the stock is owned by institutional investors.

Insider Transactions at Southern Copper

In other news, Director Bonilla Luis Miguel Palomino sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $177.82, for a total value of $35,564.00. Following the completion of the sale, the director directly owned 1,807 shares of the company’s stock, valued at $321,320.74. This trade represents a 9.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 404 shares of company stock valued at $74,108 in the last 90 days. 0.07% of the stock is owned by corporate insiders.

Southern Copper Stock Up 1.6%

Shares of SCCO stock opened at $175.20 on Tuesday. 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 firm’s 50-day moving average is $180.83 and its 200-day moving average is $182.47. The stock has a market cap of $144.73 billion, a price-to-earnings ratio of 28.96, a PEG ratio of 1.47 and a beta of 1.11. Southern Copper Corporation has a 52-week low of $88.73 and a 52-week high of $223.88.

Southern Copper shares are going to split on the morning of Tuesday, August 11th. The 1.012-1 split was recently announced. The newly issued shares will be distributed to shareholders after the closing bell on Monday, August 10th.

Southern Copper Increases Dividend

The firm 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 $1.10 dividend. This is a positive change from Southern Copper’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, August 11th. Southern Copper’s dividend payout ratio is currently 66.12%.

Wall Street Analyst Weigh In

SCCO has been the topic of several analyst reports. Barclays reiterated an “underweight” rating and set a $160.00 target price (up from $148.00) on shares of Southern Copper in a report on Wednesday, July 15th. Morgan Stanley boosted their price target on Southern Copper from $146.00 to $158.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 8th. The Goldman Sachs Group upgraded Southern Copper from a “sell” rating to a “neutral” rating and set a $178.00 price objective on the stock in a research note on Friday, April 10th. Scotiabank reissued an “underperform” rating and issued a $140.00 price objective (up from $135.00) on shares of Southern Copper in a report on Monday, June 15th. Finally, Citigroup reissued a “positive” rating on shares of Southern Copper in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and seven have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $148.10.

View Our Latest 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.