General Pension Society PZU Joint Stock Co Has $55.90 Million Holdings in Southern Copper Corporation $SCCO

General Pension Society PZU Joint Stock Co trimmed its holdings in Southern Copper Corporation (NYSE:SCCO) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 389,602 shares of the basic materials company’s stock after selling 3,684 shares during the period. Southern Copper accounts for approximately 11.3% of General Pension Society PZU Joint Stock Co’s holdings, making the stock its 2nd largest position. General Pension Society PZU Joint Stock Co’s holdings in Southern Copper were worth $55,896,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Coldstream Capital Management Inc. bought a new stake in Southern Copper in the fourth quarter worth approximately $334,000. Jefferies Financial Group Inc. lifted its stake in shares of Southern Copper by 86.9% in the fourth quarter. Jefferies Financial Group Inc. now owns 4,672 shares of the basic materials company’s stock worth $670,000 after buying an additional 2,172 shares during the last quarter. Americana Partners LLC lifted its stake in shares of Southern Copper by 1.0% in the fourth quarter. Americana Partners LLC now owns 38,828 shares of the basic materials company’s stock worth $5,571,000 after buying an additional 367 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new stake in shares of Southern Copper in the fourth quarter worth $29,000. Finally, Global Retirement Partners LLC lifted its stake in shares of Southern Copper by 39.2% in the fourth quarter. Global Retirement Partners LLC now owns 884 shares of the basic materials company’s stock worth $127,000 after buying an additional 249 shares during the last quarter. 7.94% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Bonilla Luis Miguel Palomino sold 200 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $177.82, for a total transaction of $35,564.00. Following the completion of the transaction, the director directly owned 1,807 shares in the company, valued at $321,320.74. This represents a 9.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 500 shares of company stock worth $88,412. 0.07% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Southern Copper in a research note on Friday, March 27th. Wells Fargo & Company set a $171.00 price objective on shares of Southern Copper and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Scotiabank restated an “underperform” rating and issued a $135.00 price objective (up from $133.00) on shares of Southern Copper in a research note on Friday, May 15th. Bank of America cut shares of Southern Copper from a “neutral” rating to an “underperform” rating and boosted their price objective for the stock from $162.00 to $175.00 in a research note on Thursday, February 26th. Finally, Barclays assumed coverage on shares of Southern Copper in a research note on Thursday. They issued an “underweight” rating and a $148.00 price objective for the company. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and eight have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $145.14.

Southern Copper Price Performance

NYSE:SCCO opened at $179.68 on Friday. The stock has a market cap of $147.18 billion, a P/E ratio of 29.70, a PEG ratio of 1.77 and a beta of 1.07. Southern Copper Corporation has a one year low of $88.73 and a one year high of $223.88. The company has a fifty day moving average price of $177.58 and a 200 day moving average price 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 released its earnings results on Wednesday, April 29th. The basic materials company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.88 by $0.04. The firm had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Southern Copper had a net margin of 34.13% and a return on equity of 45.63%. Analysts anticipate that Southern Copper Corporation will post 6.93 earnings per share for the current year.

Southern Copper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Wednesday, May 13th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.2%. The ex-dividend date is Wednesday, May 13th. Southern Copper’s dividend payout ratio is presently 66.12%.

Key Stories Impacting Southern Copper

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

About Southern Copper

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.