RWC Asset Advisors US LLC Purchases 71,951 Shares of Southern Copper Corporation $SCCO

RWC Asset Advisors US LLC increased its position in Southern Copper Corporation (NYSE:SCCO) by 1,286.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,545 shares of the basic materials company’s stock after acquiring an additional 71,951 shares during the quarter. Southern Copper comprises about 4.2% of RWC Asset Advisors US LLC’s holdings, making the stock its 10th biggest holding. RWC Asset Advisors US LLC’s holdings in Southern Copper were worth $15,714,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Gibson Capital LLC purchased a new stake in Southern Copper in the 3rd quarter worth approximately $220,000. Wedbush Securities Inc. boosted its holdings in Southern Copper by 5.4% in the 3rd quarter. Wedbush Securities Inc. now owns 3,120 shares of the basic materials company’s stock valued at $632,000 after purchasing an additional 160 shares during the period. Fifth Third Wealth Advisors LLC bought a new position in Southern Copper in the 3rd quarter valued at $840,000. Sterling Capital Management LLC grew its position in shares of Southern Copper by 4.1% during the 3rd quarter. Sterling Capital Management LLC now owns 26,936 shares of the basic materials company’s stock valued at $5,458,000 after purchasing an additional 1,049 shares in the last quarter. Finally, Inspire Investing LLC grew its position in shares of Southern Copper by 16.3% during the 3rd quarter. Inspire Investing LLC now owns 46,552 shares of the basic materials company’s stock valued at $9,433,000 after purchasing an additional 6,526 shares in the last quarter. Hedge funds and other institutional investors own 7.94% of the company’s stock.

Southern Copper Price Performance

Shares of NYSE:SCCO traded up $1.60 during trading on Friday, reaching $185.19. The company had a trading volume of 1,483,477 shares, compared to its average volume of 1,051,778. The company has a fifty day moving average of $201.50 and a two-hundred day moving average of $188.14. The stock has a market capitalization of $154.51 billion, a P/E ratio of 24.24, a price-to-earnings-growth ratio of 1.71 and a beta of 1.11. Southern Copper Corporation has a 12 month low of $119.25 and a 12 month high of $223.88. The company has a current ratio of 5.06, a quick ratio of 4.56 and a debt-to-equity ratio of 0.63.

Southern Copper’s stock is going to split on Tuesday, November 3rd. The 1.0106-1 split was recently announced. The newly minted shares will be payable to shareholders after the closing bell on Monday, November 2nd.

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

Southern Copper Increases Dividend

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Zacks Research cut shares of Southern Copper from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Wall Street Zen raised Southern Copper from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. Weiss Ratings raised Southern Copper from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. Morgan Stanley restated an “underweight” rating and set a $170.00 target price on shares of Southern Copper in a research report on Wednesday, October 7th. Finally, UBS Group restated a “sell” rating and issued a $180.00 target price (up from $160.00) on shares of Southern Copper in a research note on Thursday, October 8th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and seven have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $161.28.

Key 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

Insiders Place Their Bets

In other Southern Copper news, Director Luis Palomino Bonilla sold 202 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $196.79, for a total transaction of $39,751.28. Following the sale, the director owned 1,723 shares in the company, valued at $339,066.65. This trade represents a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 603 shares of company stock worth $120,213 in the last quarter. Company insiders own 0.07% of the company’s stock.

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.