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

Key Points

• California State Teachers Retirement System increased its Southern Copper stake by 8,035.9% in the second quarter, purchasing 20.3 million additional shares and bringing its ownership to about 2.46%, valued at $3.58 billion.
• Southern Copper reported strong operating results, with quarterly EPS of $1.99 beating estimates, revenue up 40.6% year over year, and a 49.04% return on equity. The company also raised its quarterly dividend to $1.10 per share, yielding about 2.3%.
• SCCO shares recently fell 7.2% and analysts remain cautious: the stock trades near $194, while the consensus rating is “Reduce” with an average price target of $146.84, citing valuation and copper-price volatility concerns.

California State Teachers Retirement System boosted its holdings in shares of Southern Copper Corporation (NYSE:SCCO - Free Report) by 8,035.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 20,545,080 shares of the basic materials company's stock after purchasing an additional 20,292,556 shares during the period. California State Teachers Retirement System owned approximately 2.46% of Southern Copper worth $3,580,186,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of SCCO. Fund Advisors of America Inc FL acquired a new stake in Southern Copper during the 2nd quarter worth approximately $870,000. Equitable Holdings Inc. acquired a new position in shares of Southern Copper in the second quarter valued at approximately $505,000. California Public Employees Retirement System increased its holdings in shares of Southern Copper by 21.2% in the first quarter. California Public Employees Retirement System now owns 192,523 shares of the basic materials company's stock valued at $33,126,000 after purchasing an additional 33,638 shares during the period. B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of Southern Copper during the second quarter worth $5,266,000. Finally, Precision Wealth Strategies LLC purchased a new position in Southern Copper in the 1st quarter valued at $2,769,000. 7.94% of the stock is currently owned by institutional investors and hedge funds.

Southern Copper News Roundup

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 Buying and Selling

In other Southern Copper news, Director Luis Palomino Bonilla sold 202 shares of the company's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $196.79, for a total transaction of $39,751.28. Following the transaction, the director directly owned 1,723 shares in the company, valued at approximately $339,066.65. This represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold a total of 604 shares of company stock worth $118,077 over the last quarter. 0.07% of the stock is currently owned by insiders.

Southern Copper Trading Down 7.2%

NYSE:SCCO opened at $194.11 on Friday. The stock has a fifty day moving average price of $190.16 and a two-hundred day moving average price of $184.27. The stock has a market capitalization of $161.95 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 1.87 and a beta of 1.14. The company has a debt-to-equity ratio of 0.63, a quick ratio of 4.56 and a current ratio of 5.06. Southern Copper Corporation has a 1 year low of $101.77 and a 1 year high of $223.88.

Southern Copper (NYSE:SCCO - Get Free Report) last released its earnings results on Wednesday, July 22nd. The basic materials company reported $1.99 EPS for the quarter, beating analysts' consensus estimates of $1.93 by $0.06. Southern Copper had a return on equity of 49.04% and a net margin of 35.87%.The company had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $4.37 billion. The company's revenue for the quarter was up 40.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Southern Copper Corporation will post 7.83 earnings per share for the current fiscal year.

Southern Copper Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Tuesday, August 11th were issued 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 yield of 2.3%. The ex-dividend date of this dividend was Tuesday, August 11th. Southern Copper's payout ratio is presently 64.33%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on SCCO shares. Wall Street Zen cut shares of Southern Copper from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Scotiabank restated an "underperform" rating and issued a $138.34 target price (up from $133.40) on shares of Southern Copper in a research note on Monday, June 15th. Morgan Stanley lifted their target price on shares of Southern Copper from $144.27 to $156.13 and gave the company an "underweight" rating in a report on Wednesday, July 8th. Wells Fargo & Company boosted their price target on shares of Southern Copper from $168.97 to $169.96 and gave the stock an "equal weight" rating in a research note on Thursday, July 9th. Finally, Zacks Research cut shares of Southern Copper from a "strong-buy" rating to a "hold" rating in a report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and seven have given a Sell rating to the company. According to MarketBeat, Southern Copper presently has a consensus rating of "Reduce" and an average target price of $146.84.

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.

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