James Investment Research Inc. Has $2.22 Million Position in Southern Copper Corporation $SCCO

Key Points

• James Investment Research Inc. increased its stake in Southern Copper by 137.4% in Q4 and now owns 15,473 shares worth approximately $2.22 million.
• Southern Copper declared a $1.00 quarterly dividend (annualized $4.00, ~2.2% yield) payable May 29 to holders of record May 13, and announced a 1.01-for-1 stock split effective May 13.
• Negative news is pressuring the stock: sudden CEO death and leadership uncertainty, elevated put-option buying, meaningful insider selling (~9,526 shares worth ~$1.99M in the last 90 days), and a weak analyst consensus rated "Reduce" with an average target of about $145.61.

James Investment Research Inc. increased its position in shares of Southern Copper Corporation (NYSE:SCCO - Free Report) by 137.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,473 shares of the basic materials company's stock after acquiring an additional 8,956 shares during the period. James Investment Research Inc.'s holdings in Southern Copper were worth $2,220,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in SCCO. Hopwood Financial Services Inc. bought a new stake in Southern Copper during the third quarter worth $25,000. United Community Bank bought a new position in shares of Southern Copper in the 3rd quarter valued at $30,000. Caitlin John LLC acquired a new position in shares of Southern Copper during the 3rd quarter worth $30,000. Bayforest Capital Ltd acquired a new position in shares of Southern Copper during the 4th quarter worth $38,000. Finally, Covestor Ltd lifted its position in shares of Southern Copper by 30.4% during the 3rd quarter. Covestor Ltd now owns 360 shares of the basic materials company's stock worth $44,000 after buying an additional 84 shares during the last quarter. 7.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. lifted their target price on Southern Copper from $117.50 to $127.00 and gave the company an "underweight" rating in a research report on Friday, April 10th. Citigroup reissued a "sell" rating on shares of Southern Copper in a report on Monday, January 12th. Weiss Ratings restated a "buy (b)" rating on shares of Southern Copper in a research note on Friday, March 27th. Wells Fargo & Company set a $186.00 price target on shares of Southern Copper and gave the company an "equal weight" rating in a report on Wednesday, April 15th. Finally, UBS Group dropped their price objective on shares of Southern Copper from $150.00 to $140.00 and set a "sell" rating for the company in a research note on Friday, March 27th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and seven have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $145.61.

Insiders Place Their Bets

In other news, Director Bonilla Luis Miguel Palomino sold 193 shares of the business's stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $174.60, for a total value of $33,697.80. Following the transaction, the director directly owned 1,707 shares of the company's stock, valued at $298,042.20. The trade was a 10.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lerdo De Tejada Leon Contreras sold 9,326 shares of the company's stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $209.56, for a total value of $1,954,344.91. Following the sale, the director owned 605 shares in the company, valued at approximately $126,783.04. The trade was a 93.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,526 shares of company stock worth $1,989,373 in the last ninety days. Insiders own 0.07% of the company's stock.

Southern Copper News Summary

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 Price Performance

Southern Copper stock opened at $180.96 on Monday. The stock has a 50-day moving average price of $185.81 and a two-hundred day moving average price of $163.69. Southern Copper Corporation has a 12 month low of $86.59 and a 12 month high of $223.88. The company has a market capitalization of $148.22 billion, a PE ratio of 34.01, a P/E/G ratio of 1.82 and a beta of 1.16. The company has a current ratio of 3.89, a quick ratio of 3.40 and a debt-to-equity ratio of 0.61.

Southern Copper's stock is going to split on Wednesday, May 13th. The 1.01-1 split was recently announced. The newly created shares will be payable to shareholders after the market closes on Tuesday, May 12th.

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

Southern Copper Announces Dividend

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