Swiss National Bank Sells 21,370 Shares of Southern Copper Corporation $SCCO

Swiss National Bank cut its position in shares of Southern Copper Corporation (NYSE:SCCO) by 10.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 175,739 shares of the basic materials company’s stock after selling 21,370 shares during the period. Swiss National Bank’s holdings in Southern Copper were worth $30,238,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SCCO. SHP Wealth Management bought a new position in shares of Southern Copper during the 4th quarter valued at approximately $25,000. Lloyd Advisory Services LLC. purchased a new position in shares of Southern Copper in the fourth quarter valued at $29,000. Virtus Advisers LLC bought a new stake in Southern Copper in the fourth quarter worth $29,000. Godfrey Financial Associates Inc. bought a new stake in Southern Copper in the fourth quarter worth $30,000. Finally, IFP Advisors Inc raised its stake in Southern Copper by 233.3% during 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 in the last quarter. Hedge funds and other institutional investors own 7.94% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on SCCO shares. Weiss Ratings lowered shares of Southern Copper from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, July 8th. Morgan Stanley upped their target price on shares of Southern Copper from $146.00 to $158.00 and gave the company an “underweight” rating in a research report on Wednesday, July 8th. Zacks Research raised shares of Southern Copper from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Scotiabank reiterated an “underperform” rating and issued a $140.00 price target (up from $135.00) on shares of Southern Copper in a research report on Monday, June 15th. Finally, Citigroup reiterated a “positive” rating on shares of Southern Copper in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $148.60.

Trending Headlines about Southern Copper

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

Insider Activity at Southern Copper

In other news, Director Bonilla Luis Miguel Palomino sold 200 shares of the company’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 transaction, the director directly owned 1,807 shares in the company, valued at approximately $321,320.74. This represents a 9.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 404 shares of company stock valued at $74,108 in the last quarter. Corporate insiders own 0.07% of the company’s stock.

Southern Copper Trading Down 6.9%

Shares of NYSE SCCO 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 quick ratio of 3.89 and a current ratio of 4.38. The company has a market cap 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 50 day moving average price is $180.71 and its 200-day moving average price is $183.41.

Southern Copper’s stock is going to split on 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 quarterly earnings data on Wednesday, July 22nd. The basic materials company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.95 by $0.06. Southern Copper had a return on equity of 50.74% and a net margin of 35.87%.The company had revenue of $4.29 billion for the quarter, compared to the consensus estimate of $4.37 billion. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. On average, sell-side analysts expect that Southern Copper Corporation will post 7.68 earnings per share for the current year.

Southern Copper Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Tuesday, August 11th will be paid a dividend of $1.10 per share. This is an increase from Southern Copper’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, August 11th. Southern Copper’s payout ratio is presently 66.12%.

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.