Southern Copper Corporation $SCCO Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System boosted its position in shares of Southern Copper Corporation (NYSE:SCCO) by 8,035.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,545,080 shares of the basic materials company’s stock after purchasing an additional 20,292,556 shares during the quarter. California State Teachers Retirement System’s holdings in Southern Copper were worth $3,580,186,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SCCO. SHP Wealth Management acquired a new position in shares of Southern Copper during the 4th quarter worth $25,000. Bell Investment Advisors Inc acquired a new stake in Southern Copper in the 2nd quarter valued at about $26,000. Rakuten Securities Inc. acquired a new stake in Southern Copper in the 2nd quarter valued at about $28,000. Lloyd Advisory Services LLC. acquired a new stake in Southern Copper in the 4th quarter valued at about $29,000. Finally, Virtus Advisers LLC purchased a new position in Southern Copper during the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 7.94% of the company’s stock.

Analyst Upgrades and Downgrades

SCCO has been the topic of several recent research reports. Scotiabank reaffirmed an “underperform” rating and issued a $138.34 price target (up from $133.40) on shares of Southern Copper in a report on Monday, June 15th. Weiss Ratings upgraded Southern Copper from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Barclays set a $164.03 target price on Southern Copper and gave the company an “underweight” rating in a research note on Thursday, July 23rd. Morgan Stanley increased their target price on Southern Copper from $144.27 to $156.13 and gave the company an “underweight” rating in a report on Wednesday, July 8th. Finally, Wall Street Zen downgraded Southern Copper from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and seven have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $146.84.

Trending Headlines about Southern Copper

Here are the key news stories impacting Southern Copper this week:

• Positive Sentiment: Longer term, Southern Copper remains positioned to benefit from structural copper demand tied to artificial-intelligence data centers, power-grid upgrades and renewable-energy infrastructure. Global mine production is weakening while demand is expected to grow, supporting the outlook for copper prices and low-cost producers. Copper’s Record Rally Highlights a Deeper Supply Problem
• Positive Sentiment: Southern Copper’s recent fundamentals remain strong: quarterly earnings exceeded estimates, revenue rose substantially year over year, and the company maintains high profitability with a return on equity near 49%. Its quarterly dividend was also increased to $1.10 per share. Southern Copper Company Information
• Neutral Sentiment: Zacks continues to highlight SCCO’s momentum and popularity among investors, but these ratings-based articles do not introduce a new fundamental catalyst. Why Southern Copper Is a Top Momentum Stock for the Long Term
• Negative Sentiment: The copper pullback affected the broader mining group, with Southern Copper and other major producers selling off as tariff-related expectations unwound. Copper Stocks Tumble as Tariff Doubt Reverses Record Rally
• Negative Sentiment: Near-term valuation concerns may amplify volatility. SCCO trades at a premium after its strong run, while the cited analyst consensus is “Reduce” with an average price target well below recent trading levels. Southern Copper Sees a More Significant Dip Than the Broader Market
• Negative Sentiment: A director sold 100 shares in a modest transaction, following several earlier sales. The sale is small relative to the company’s market value but adds a limited negative signal. Southern Copper Director Insider Selling

Insider Transactions at Southern Copper

In related news, Director Luis Palomino Bonilla sold 202 shares of the firm’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 owned 1,723 shares in the company, valued at approximately $339,066.65. This trade represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 604 shares of company stock worth $118,077 in the last quarter. 0.07% of the stock is currently owned by company insiders.

Southern Copper Price Performance

NYSE:SCCO opened at $194.11 on Friday. The firm has a market cap of $161.95 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 1.87 and a beta of 1.14. The company has a current ratio of 5.06, a quick ratio of 4.56 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average is $190.16 and its two-hundred day moving average is $184.27. Southern Copper Corporation has a 12-month low of $101.77 and a 12-month high of $223.88.

Southern Copper (NYSE:SCCO) last released its quarterly earnings results on Wednesday, July 22nd. The basic materials company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.06. The company had revenue of $4.29 billion for the quarter, compared to analysts’ expectations of $4.37 billion. Southern Copper had a net margin of 35.87% and a return on equity of 49.04%. The firm’s quarterly revenue was up 40.6% compared to the same quarter last year. Research analysts expect that Southern Copper Corporation will post 7.83 EPS for the current year.

Southern Copper Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Tuesday, August 11th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This is a positive change from Southern Copper’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a dividend yield of 2.3%. Southern Copper’s payout ratio is currently 64.33%.

About Southern Copper

Southern Copper Corporation (NYSE: SCCO) is an integrated copper producer engaged in the exploration, mining, processing, smelting and refining of minerals. The company produces copper in the form of cathodes, concentrates and anodes, along with byproducts including molybdenum, zinc, silver, lead and sulfuric acid.

Southern Copper operates mining and processing facilities in Mexico and Peru. Its principal Mexican operations include the Buenavista del Cobre and La Caridad mining complexes, while its Peruvian operations include the Toquepala and Cuajone mines and the Ilo smelter and refinery.