Bonilla Luis Miguel Palomino Sells 200 Shares of Southern Copper (NYSE:SCCO) Stock

Southern Copper Corporation (NYSE:SCCO) Director Bonilla Luis Miguel Palomino sold 200 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $177.82, for a total value of $35,564.00. Following the completion of the transaction, the director directly owned 1,807 shares of the company’s stock, valued at $321,320.74. The trade was a 9.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Bonilla Luis Miguel Palomino also recently made the following trade(s):

• On Friday, May 15th, Bonilla Luis Miguel Palomino sold 100 shares of Southern Copper stock. The shares were sold at an average price of $178.20, for a total value of $17,820.00.
• On Friday, March 13th, Bonilla Luis Miguel Palomino sold 193 shares of Southern Copper stock. The shares were sold at an average price of $174.60, for a total value of $33,697.80.
• On Thursday, March 12th, Bonilla Luis Miguel Palomino sold 7 shares of Southern Copper stock. The shares were sold at an average price of $190.00, for a total value of $1,330.00.

Southern Copper Stock Up 0.3%

Southern Copper stock opened at $179.68 on Friday. The stock has a market capitalization of $147.18 billion, a PE ratio of 29.70, a price-to-earnings-growth ratio of 1.77 and a beta of 1.07. Southern Copper Corporation has a 12 month low of $88.73 and a 12 month high of $223.88. The business has a 50 day simple moving average of $177.58 and a 200-day simple moving average of $169.41. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.38 and a quick ratio of 3.89.

Southern Copper (NYSE:SCCO) last posted its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.04. The business had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Southern Copper had a return on equity of 45.63% and a net margin of 34.13%. On average, analysts anticipate that Southern Copper Corporation will post 6.93 EPS for the current fiscal year.

Southern Copper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Wednesday, May 13th will be given a $1.00 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.2%. Southern Copper’s payout ratio is 66.12%.

Southern Copper News Summary

Here are the key news stories impacting Southern Copper this week:

• Positive Sentiment: Southern Copper remains supported by strong recent earnings, with the company beating Wall Street estimates on both EPS and revenue in its latest quarter, reinforcing confidence in copper demand and operating execution.
• Positive Sentiment: News around the company’s planned Cuajone mine overhaul and expansion work is helping keep the long-term growth story in focus, since the project could support future production and asset life. Southern Copper plans $319M Cuajone mine overhaul
• Neutral Sentiment: Several write-ups are highlighting Southern Copper’s premium assets and valuation, suggesting the stock may still look expensive after its strong run, but not necessarily signaling a near-term catalyst either way. Southern Copper: Premium Assets, Premium Price
• Neutral Sentiment: A valuation-focused article also noted the stock’s strong earnings beat and Cuajone expansion plan, keeping investor attention on fundamentals rather than any single short-term event. Southern Copper (SCCO) Valuation Check After Earnings Beats And Cuajone Mine Expansion Plan
• Negative Sentiment: Barclays initiated coverage on Southern Copper with an underweight rating, adding to the cautious analyst tone around the stock and potentially pressuring sentiment. Barclays initiates coverage of Southern Copper (SCCO) with underweight recommendation
• Negative Sentiment: Insider selling by a company director, while relatively small, may also weigh on sentiment because traders often view insider sales as a mild caution signal. Southern Copper (NYSE:SCCO) Director Sells $35,564.00 in Stock

Institutional Trading of Southern Copper

Large investors have recently made changes to their positions in the company. Hopwood Financial Services Inc. purchased a new stake in shares of Southern Copper during the third quarter worth approximately $25,000. SHP Wealth Management purchased a new stake in shares of Southern Copper during the fourth quarter worth approximately $25,000. Lloyd Advisory Services LLC. purchased a new stake in shares of Southern Copper during the fourth quarter worth approximately $29,000. Virtus Advisers LLC purchased a new stake in shares of Southern Copper during the fourth quarter worth approximately $29,000. Finally, United Community Bank purchased a new stake in shares of Southern Copper during the third quarter worth approximately $30,000. 7.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SCCO. The Goldman Sachs Group upgraded Southern Copper from a “sell” rating to a “neutral” rating and set a $178.00 price objective for the company in a research report on Friday, April 10th. Weiss Ratings restated a “buy (b)” rating on shares of Southern Copper in a research report on Friday, March 27th. Morgan Stanley boosted their price objective on Southern Copper from $155.00 to $160.00 and gave the company an “underweight” rating in a research report on Thursday, April 9th. UBS Group boosted their price objective on Southern Copper from $140.00 to $145.00 and gave the company a “sell” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on Southern Copper from $117.50 to $127.00 and gave the company an “underweight” rating in a research report on Friday, April 10th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and eight have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $145.14.

Southern Copper Company Profile

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.