Illinois Municipal Retirement Fund Acquires Shares of 5,172 Southern Copper Corporation $SCCO

Illinois Municipal Retirement Fund acquired a new stake in Southern Copper Corporation (NYSE:SCCO) in the first quarter, HoldingsChannel.com reports. The fund acquired 5,172 shares of the basic materials company’s stock, valued at approximately $890,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SHP Wealth Management bought a new stake in Southern Copper in the 4th quarter valued at $25,000. Lloyd Advisory Services LLC. acquired a new stake in Southern Copper during the 4th quarter valued at $29,000. Virtus Advisers LLC bought a new position in Southern Copper during the fourth quarter worth $29,000. Godfrey Financial Associates Inc. bought a new position in Southern Copper during the fourth quarter worth $30,000. Finally, IFP Advisors Inc increased its holdings 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 purchasing an additional 161 shares during the last quarter. 7.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SCCO has been the topic of several research analyst reports. UBS Group reissued a “sell” rating and issued a $160.00 price objective (up from $145.00) on shares of Southern Copper in a research report on Tuesday, June 30th. Scotiabank reaffirmed an “underperform” rating and set a $140.00 target price (up from $135.00) on shares of Southern Copper in a report on Monday, June 15th. Weiss Ratings lowered shares of Southern Copper from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, July 8th. Citigroup reissued a “positive” rating on shares of Southern Copper in a report on Wednesday, July 15th. Finally, Zacks Research upgraded shares of Southern Copper from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat.com, Southern Copper currently has an average rating of “Reduce” and an average price target of $148.60.

Insider Transactions at Southern Copper

In other Southern Copper news, Director Bonilla Luis Miguel Palomino sold 200 shares of the business’s stock in a transaction dated 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 sale, the director owned 1,807 shares of the company’s stock, valued at $321,320.74. The trade was a 9.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 404 shares of company stock valued at $74,108. Insiders own 0.07% of the company’s stock.

Southern Copper Stock Down 6.9%

SCCO stock opened at $181.99 on Friday. Southern Copper Corporation has a fifty-two week low of $88.73 and a fifty-two week high of $223.88. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.38 and a quick ratio of 3.89. The stock has a market capitalization of $150.33 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 1.67 and a beta of 1.11. The business’s fifty day moving average price is $180.71 and its two-hundred day moving average price is $183.41.

Shares of Southern Copper are set to split on the morning of Tuesday, August 11th. The 1.012-1 split was recently announced. The newly minted shares will be distributed to shareholders after the market closes on Monday, August 10th.

Southern Copper (NYSE:SCCO) last announced its earnings results on Wednesday, July 22nd. The basic materials company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.06. Southern Copper had a net margin of 35.87% and a return on equity of 50.74%. The company had revenue of $4.29 billion during the quarter, compared to analysts’ expectations of $4.37 billion. The business’s revenue was up 40.6% on a year-over-year basis. On average, equities analysts anticipate that Southern Copper Corporation will post 7.68 earnings per share for the current year.

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. The ex-dividend date is Tuesday, August 11th. This represents a $4.40 annualized dividend and a yield of 2.4%. Southern Copper’s dividend payout ratio is presently 66.12%.

Southern Copper News Roundup

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

• Positive Sentiment: Southern Copper reported quarterly EPS of $2.01, beating Wall Street estimates, while revenue jumped 40.6% year over year and margins remained strong. Press Release
• Positive Sentiment: The company outlined a path to lift copper production to more than 1.06 million tonnes by 2029, supporting optimism around future growth and cash flow. Southern Copper maps route to over 1M tonnes by 2029
• Neutral Sentiment: Investors are also focused on copper market trends, with industry commentary noting firmer copper earlier in the week before a notable intraday drop later on. Southern Copper (NYSE:SCCO) In Focus As Copper Prices Firm
• Negative Sentiment: Revenue came in slightly below consensus, which may have tempered enthusiasm despite the EPS beat.
• Negative Sentiment: Broader copper weakness is weighing on sentiment for copper miners, adding near-term pressure to SCCO shares. Copper’s Biggest Intraday Drop in 2026: 5 Stocks Most at Risk Today

Southern Copper 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.