52,280 Shares in Southern Copper Corporation $SCCO Bought by Abacus FCF Advisors LLC

Key Points

• Abacus FCF Advisors bought a new position of 52,280 shares in Southern Copper in Q4—about $7.5 million—while several other institutions also adjusted holdings, with institutional ownership cited at roughly 7.94%.
• Southern Copper declared a $1.00 quarterly dividend (annualized $4.00, ~2.2% yield) payable May 29 to holders of record on May 13, and will implement a minor 1.01-for-1 stock split effective May 13.
• The shares face near-term risk from leadership uncertainty after the sudden CEO death, notable insider selling and elevated put-option activity, with analyst consensus weak (average rating "Reduce" and mixed price targets).

Abacus FCF Advisors LLC purchased a new position in shares of Southern Copper Corporation (NYSE:SCCO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 52,280 shares of the basic materials company's stock, valued at approximately $7,501,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Southern Copper by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 983,822 shares of the basic materials company's stock valued at $141,149,000 after buying an additional 33,804 shares during the last quarter. Sava Infond d.o.o. lifted its position in Southern Copper by 8.9% in the fourth quarter. Sava Infond d.o.o. now owns 24,383 shares of the basic materials company's stock valued at $3,498,000 after acquiring an additional 1,988 shares during the last quarter. Dunhill Financial LLC grew its holdings in shares of Southern Copper by 26.0% during the fourth quarter. Dunhill Financial LLC now owns 2,174 shares of the basic materials company's stock worth $312,000 after purchasing an additional 449 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new position in shares of Southern Copper during the fourth quarter worth about $219,000. Finally, Cherokee Insurance Co increased its position in shares of Southern Copper by 0.8% during the fourth quarter. Cherokee Insurance Co now owns 11,968 shares of the basic materials company's stock worth $1,717,000 after purchasing an additional 100 shares in the last quarter. 7.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Southern Copper

In other Southern Copper news, Director Bonilla Luis Miguel Palomino sold 193 shares of the firm's stock in a transaction on Friday, March 13th. The stock was sold at an average price of $174.60, for a total value of $33,697.80. Following the completion of the sale, the director owned 1,707 shares of the company's stock, valued at approximately $298,042.20. This trade represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lerdo De Tejada Leon Contreras sold 9,326 shares of the business's stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $209.56, for a total transaction of $1,954,344.91. Following the sale, the director owned 605 shares in the company, valued at $126,783.04. The trade was a 93.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 9,526 shares of company stock valued at $1,989,373 in the last quarter. 0.07% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. The Goldman Sachs Group raised Southern Copper from a "sell" rating to a "neutral" rating and set a $178.00 target price for the company in a report on Friday, April 10th. UBS Group lowered their target price on shares of Southern Copper from $150.00 to $140.00 and set a "sell" rating on the stock in a research report on Friday, March 27th. JPMorgan Chase & Co. lifted their target price on shares of Southern Copper from $117.50 to $127.00 and gave the company an "underweight" rating in a report on Friday, April 10th. Wall Street Zen upgraded shares of Southern Copper from a "hold" rating to a "buy" rating in a research report on Saturday, March 21st. Finally, Morgan Stanley increased their price target on shares of Southern Copper from $155.00 to $160.00 and gave the stock an "underweight" rating in a research note on Thursday, April 9th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and seven have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and an average target price of $145.61.

Key Southern Copper News

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

• Positive Sentiment: Quarterly dividend announced — SCCO declared a $1.00 quarterly dividend (annualized yield ~2.2%). Record date is May 13 and payment date is May 29; that steady cash return is a supportive factor for income-minded investors.
• Neutral Sentiment: News about a different, similarly named company (Great Southern Copper PLC) raising funds via warrants — not the same issuer as SCCO, so unlikely to materially affect Southern Copper’s fundamentals. Great Southern Copper Raises Funds via Warrant Exercise and Increases Share Capital
• Negative Sentiment: Leadership uncertainty after the sudden death of the CEO — multiple outlets flag management transition risk and investor concern that the firm faces an earnings/operational test during the change, a direct driver of today’s downside pressure. Why Southern Copper (SCCO) Is Down 5.1% After Sudden CEO Death And Leadership Uncertainty Southern Copper faces earnings test amid leadership transition
• Negative Sentiment: Unusually large put-option buying — investors purchased ~10,968 put contracts (≈68% above typical put volume), signaling elevated bearish positioning or hedging activity that can amplify downward price moves.
• Negative Sentiment: Analyst sentiment is weak: SCCO’s consensus is around a "Reduce"/average reduce rating and Scotiabank’s recent note raised its price target to $133 but maintained a "sector underperform" rating (target still well below the current share price), reinforcing downside expectations. Southern Copper Corporation NYSE: SCCO Given Average Rating of "Reduce" by Analysts Scotiabank raises price target to $133 (Benzinga)
• Negative Sentiment: Critical equity research and commentary highlight valuation risk — recent pieces argue SCCO is an expensive copper exposure that cannot afford operational missteps, increasing sensitivity to the current leadership and earnings risk. Southern Copper: An Expensive Copper Story That Cannot Afford A Misstep

Southern Copper Stock Down 0.7%

Shares of NYSE:SCCO opened at $180.96 on Friday. Southern Copper Corporation has a fifty-two week low of $86.59 and a fifty-two week high of $223.88. The company has a quick ratio of 3.40, a current ratio of 3.89 and a debt-to-equity ratio of 0.61. The firm's 50-day simple moving average is $185.81 and its 200-day simple moving average is $163.46. The company has a market cap of $148.22 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 1.83 and a beta of 1.16.

Southern Copper shares are going to split on the morning of Wednesday, May 13th. The 1.01-1 split was recently announced. The newly minted shares will be issued to shareholders after the closing bell on Tuesday, May 12th.

Southern Copper (NYSE:SCCO - Get Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.01. Southern Copper had a net margin of 32.30% and a return on equity of 41.97%. The firm had revenue of $3.87 billion during the quarter, compared to analysts' expectations of $3.73 billion. During the same period in the prior year, the company posted $0.98 earnings per share. As a group, equities research analysts predict that Southern Copper Corporation will post 6.79 earnings per share for the current year.

Southern Copper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Wednesday, May 13th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, May 13th. Southern Copper's dividend payout ratio is currently 75.19%.

About Southern Copper

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.

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