Southern Copper Co. (NYSE:SCCO - Get Free Report) Director Bonilla Luis Miguel Palomino sold 100 shares of the business's stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $119.50, for a total value of $11,950.00. Following the transaction, the director now directly owns 2,214 shares in the company, valued at $264,573. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Bonilla Luis Miguel Palomino also recently made the following trade(s):
- On Tuesday, September 17th, Bonilla Luis Miguel Palomino sold 100 shares of Southern Copper stock. The shares were sold at an average price of $100.00, for a total transaction of $10,000.00.
- On Monday, August 26th, Bonilla Luis Miguel Palomino sold 100 shares of Southern Copper stock. The shares were sold at an average price of $105.13, for a total transaction of $10,513.00.
- On Thursday, August 8th, Bonilla Luis Miguel Palomino sold 100 shares of Southern Copper stock. The shares were sold at an average price of $99.60, for a total transaction of $9,960.00.
Southern Copper Stock Down 1.2 %
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Shares of Southern Copper stock opened at $118.99 on Friday. The company has a quick ratio of 2.27, a current ratio of 2.81 and a debt-to-equity ratio of 0.67. The business has a 50-day moving average price of $102.19 and a 200 day moving average price of $108.43. Southern Copper Co. has a fifty-two week low of $68.93 and a fifty-two week high of $129.79. The firm has a market cap of $92.95 billion, a P/E ratio of 39.53, a P/E/G ratio of 1.09 and a beta of 1.17.
Southern Copper (NYSE:SCCO - Get Free Report) last posted its quarterly earnings results on Friday, July 19th. The basic materials company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.09. Southern Copper had a return on equity of 34.98% and a net margin of 26.15%. The business had revenue of $3.12 billion for the quarter, compared to analyst estimates of $2.96 billion. On average, sell-side analysts forecast that Southern Copper Co. will post 4.29 earnings per share for the current fiscal year.
Southern Copper Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 9th were given a $0.60 dividend. The ex-dividend date was Friday, August 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.02%. Southern Copper's payout ratio is currently 79.73%.
Analyst Upgrades and Downgrades
Several research firms recently commented on SCCO. UBS Group started coverage on Southern Copper in a research note on Friday, July 12th. They issued a "neutral" rating and a $120.00 price target on the stock. Morgan Stanley upped their target price on Southern Copper from $97.00 to $100.00 and gave the company an "underweight" rating in a research report on Thursday, September 19th. Five research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $89.57.
Read Our Latest Research Report on Southern Copper
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN grew its stake in Southern Copper by 21.9% during the 4th quarter. Wells Fargo & Company MN now owns 179,082 shares of the basic materials company's stock worth $15,414,000 after buying an additional 32,120 shares during the last quarter. D.A. Davidson & CO. grew its position in shares of Southern Copper by 5.6% during the fourth quarter. D.A. Davidson & CO. now owns 3,664 shares of the basic materials company's stock worth $315,000 after acquiring an additional 195 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Southern Copper by 22.1% in the 4th quarter. Parallel Advisors LLC now owns 2,026 shares of the basic materials company's stock worth $174,000 after acquiring an additional 367 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in shares of Southern Copper by 3.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,478 shares of the basic materials company's stock worth $816,000 after acquiring an additional 288 shares during the period. Finally, Treasurer of the State of North Carolina lifted its position in Southern Copper by 4.2% in the 4th quarter. Treasurer of the State of North Carolina now owns 39,038 shares of the basic materials company's stock valued at $3,360,000 after purchasing an additional 1,571 shares during the last quarter. 7.94% of the stock is owned by institutional investors and hedge funds.
About Southern Copper
(
Get Free Report)
Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc, copper, molybdenum, silver, gold, and lead.
Further Reading
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