RWC Asset Management LLP Buys 27,969 Shares of Southern Copper Corporation $SCCO

RWC Asset Management LLP bought a new stake in Southern Copper Corporation (NYSE:SCCO) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 27,969 shares of the basic materials company’s stock, valued at approximately $5,668,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc acquired a new position in shares of Southern Copper during the 2nd quarter worth about $26,000. Rakuten Securities Inc. acquired a new stake in shares of Southern Copper in the second quarter valued at about $28,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Southern Copper in the second quarter valued at about $30,000. Compass Financial Management LLC bought a new stake in Southern Copper during the second quarter worth about $41,000. Finally, Princeton Global Asset Management LLC bought a new stake in Southern Copper during the first quarter worth about $43,000. 7.94% of the stock is currently owned by institutional investors and hedge funds.

Southern Copper Stock Performance

NYSE:SCCO traded up $1.60 during mid-day trading on Friday, hitting $185.19. The stock had a trading volume of 1,483,477 shares, compared to its average volume of 1,051,778. Southern Copper Corporation has a twelve month low of $119.25 and a twelve month high of $223.88. The stock has a market cap of $154.51 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 1.71 and a beta of 1.11. The company’s 50 day simple moving average is $201.50 and its 200 day simple moving average is $188.14. The company has a debt-to-equity ratio of 0.63, a quick ratio of 4.56 and a current ratio of 5.06.

Southern Copper shares are going to split on the morning of Tuesday, November 3rd. The 1.0106-1 split was recently announced. The newly issued shares will be distributed to shareholders after the closing bell on Monday, November 2nd.

Southern Copper (NYSE:SCCO) last announced its quarterly earnings results on Wednesday, October 21st. The basic materials company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.12. The firm had revenue of $4.70 billion for the quarter, compared to the consensus estimate of $4.49 billion. Southern Copper had a return on equity of 53.46% and a net margin of 37.16%. During the same quarter in the previous year, the business earned $1.35 earnings per share. On average, equities research analysts forecast that Southern Copper Corporation will post 7.97 earnings per share for the current year.

Southern Copper Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Tuesday, November 3rd will be paid a dividend of $1.30 per share. The ex-dividend date is Tuesday, November 3rd. This represents a $5.20 annualized dividend and a dividend yield of 2.8%. This is an increase from Southern Copper’s previous quarterly dividend of $1.10. Southern Copper’s dividend payout ratio is presently 64.33%.

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

Insider Activity at Southern Copper

In related news, Director Luis Palomino Bonilla sold 202 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $196.79, for a total transaction of $39,751.28. Following the transaction, the director directly owned 1,723 shares of the company’s stock, valued at approximately $339,066.65. The trade was a 10.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 603 shares of company stock worth $120,213. Insiders own 0.07% of the company’s stock.

Analysts Set New Price Targets

SCCO has been the subject of several recent research reports. CICC Research cut Southern Copper to a “market perform” rating in a research report on Sunday, July 26th. UBS Group reaffirmed a “sell” rating and set a $180.00 price target (up from $160.00) on shares of Southern Copper in a research report on Thursday, October 8th. Citigroup reiterated a “positive” rating on shares of Southern Copper in a research note on Wednesday, July 15th. Morgan Stanley reissued an “underweight” rating and issued a $170.00 price objective on shares of Southern Copper in a report on Wednesday, October 7th. Finally, Zacks Research downgraded Southern Copper from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Two equities research 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $161.28.

Southern Copper 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.