Southern Copper (NYSE:SCCO) Shares Set to Split on Tuesday, November 3rd

Southern Copper Corporation (NYSE:SCCO)’s stock is set to split before the market opens on Tuesday, November 3rd. The 1.0106-1 split was recently announced. The newly created shares will be distributed to shareholders after the closing bell on Monday, November 2nd.

Southern Copper Trading Up 0.1%

Shares of Southern Copper stock opened at $185.19 on Monday. The stock has a 50 day moving average of $201.50 and a 200 day moving average of $188.23. The company has a debt-to-equity ratio of 0.63, a quick ratio of 4.56 and a current ratio of 5.06. The firm has a market capitalization of $154.51 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 1.71 and a beta of 1.11. Southern Copper has a fifty-two week low of $119.25 and a fifty-two week high of $223.88.

Southern Copper (NYSE:SCCO) last posted its earnings results on Wednesday, October 21st. The basic materials company reported $2.15 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.70 billion during the quarter, compared to analysts’ expectations of $4.49 billion. During the same quarter last year, the firm earned $1.35 earnings per share. As a group, research analysts predict that Southern Copper will post 8.03 earnings per share for the current year.

Southern Copper Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Tuesday, November 3rd will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.8%. 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. Southern Copper’s dividend payout ratio is 57.59%.

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SCCO. Barclays reiterated an “underweight” rating and issued a $168.00 target price (up from $166.00) on shares of Southern Copper in a report on Monday, October 19th. Zacks Research cut Southern Copper from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Morgan Stanley restated an “underweight” rating and set a $170.00 price target on shares of Southern Copper in a research report on Wednesday, October 7th. CICC Research lowered Southern Copper to a “market perform” rating in a research report on Sunday, July 26th. Finally, Wall Street Zen raised Southern Copper from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and seven have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $161.28.

Insider Buying and Selling at Southern Copper

In related news, Director Luis Palomino Bonilla sold 202 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $196.79, for a total transaction of $39,751.28. Following the sale, the director directly owned 1,723 shares of the company’s stock, valued at $339,066.65. This represents a 10.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 603 shares of company stock valued at $120,213 in the last ninety days. Insiders own 0.07% of the company’s stock.

Institutional Investors Weigh In On Southern Copper

Hedge funds have recently added to or reduced their stakes in the business. Apollon Wealth Management LLC acquired a new stake in shares of Southern Copper in the third quarter valued at $226,000. Royal Palms Capital LLC purchased a new position in Southern Copper in the third quarter valued at $3,824,000. Randolph Co Inc purchased a new position in Southern Copper in the third quarter valued at $44,615,000. Signaturefd LLC grew its stake in Southern Copper by 1.8% during the 3rd quarter. Signaturefd LLC now owns 8,572 shares of the basic materials company’s stock worth $1,737,000 after purchasing an additional 153 shares in the last quarter. Finally, Carolina Wealth Advisors LLC grew its stake in Southern Copper by 1.9% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 27,301 shares of the basic materials company’s stock worth $5,532,000 after purchasing an additional 496 shares in the last quarter. 7.94% of the stock is currently owned by institutional investors and hedge funds.

Southern Copper Company Profile

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.