Southern Copper (NYSE:SCCO) Issues Earnings Results

Southern Copper (NYSE:SCCO) released its quarterly earnings data on Tuesday. The basic materials company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.06, Briefing.com reports. Southern Copper had a net margin of 34.13% and a return on equity of 45.63%. The company had revenue of $4.29 billion for the quarter, compared to analysts’ expectations of $4.37 billion. The company’s revenue was up 40.6% on a year-over-year basis.

Southern Copper Price Performance

Shares of NYSE:SCCO traded down $12.80 on Thursday, hitting $182.68. The company had a trading volume of 487,320 shares, compared to its average volume of 1,716,990. The company has a current ratio of 4.38, a quick ratio of 3.89 and a debt-to-equity ratio of 0.57. The company has a market cap of $150.91 billion, a PE ratio of 30.20, a PEG ratio of 1.61 and a beta of 1.11. Southern Copper has a 52-week low of $88.73 and a 52-week high of $223.88. The business has a 50 day moving average of $180.83 and a 200 day moving average of $183.17.

Shares of Southern Copper are scheduled to split on the morning of Tuesday, August 11th. The 1.012-1 split was recently announced. The newly created shares will be issued to shareholders after the market closes on Monday, August 10th.

Southern Copper Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Tuesday, August 11th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.4%. This is a positive change from Southern Copper’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Tuesday, August 11th. Southern Copper’s payout ratio is presently 66.12%.

Key Stories Impacting Southern Copper

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

• Positive Sentiment: Copper prices have firmed, which is constructive for Southern Copper’s revenue and margins because the company is highly leveraged to the copper market. Southern Copper (NYSE:SCCO) In Focus As Copper Prices Firm
• Positive Sentiment: Southern Copper reported Q2 earnings per share of $2.01, beating analyst expectations, and revenue rose 40.6% year over year, showing strong operating momentum. Southern Copper earnings report
• Neutral Sentiment: Revenue of $4.29 billion came in a bit below expectations, which offsets some of the positive earnings surprise and may keep a lid on enthusiasm. Southern Copper earnings report
• Negative Sentiment: Broader copper-market weakness was highlighted in recent trading, which can weigh on SCCO because its stock often moves with the underlying commodity. Copper’s Biggest Intraday Drop in 2026: 5 Stocks Most at Risk Today

Insiders Place Their Bets

In other Southern Copper news, Director Bonilla Luis Miguel Palomino sold 200 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $177.82, for a total value of $35,564.00. Following the transaction, the director directly owned 1,807 shares in the company, valued at approximately $321,320.74. This represents a 9.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 404 shares of company stock valued at $74,108. Insiders own 0.07% of the company’s stock.

Hedge Funds Weigh In On Southern Copper

A number of institutional investors have recently modified their holdings of the company. Royal Bank of Canada boosted its position in Southern Copper by 42.1% during the first quarter. Royal Bank of Canada now owns 44,879 shares of the basic materials company’s stock worth $4,194,000 after acquiring an additional 13,293 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Southern Copper by 17.9% during the 1st quarter. Empowered Funds LLC now owns 6,705 shares of the basic materials company’s stock worth $627,000 after purchasing an additional 1,020 shares during the period. Focus Partners Wealth boosted its holdings in shares of Southern Copper by 21.5% during the first quarter. Focus Partners Wealth now owns 5,944 shares of the basic materials company’s stock worth $556,000 after purchasing an additional 1,052 shares during the last quarter. First Trust Advisors LP grew its position in shares of Southern Copper by 37.4% in the second quarter. First Trust Advisors LP now owns 73,379 shares of the basic materials company’s stock valued at $7,424,000 after purchasing an additional 19,957 shares during the period. Finally, Baird Financial Group Inc. grew its position in shares of Southern Copper by 17.7% in the second quarter. Baird Financial Group Inc. now owns 4,864 shares of the basic materials company’s stock valued at $492,000 after purchasing an additional 731 shares during the period. Institutional investors and hedge funds own 7.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Zacks Research raised shares of Southern Copper from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. raised their price target on Southern Copper from $127.00 to $131.50 and gave the stock an “underweight” rating in a research note on Wednesday, June 17th. Citigroup reiterated a “positive” rating on shares of Southern Copper in a research note on Wednesday, July 15th. Wells Fargo & Company lifted their target price on shares of Southern Copper from $171.00 to $172.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Finally, Morgan Stanley increased their price target on shares of Southern Copper from $146.00 to $158.00 and gave the stock an “underweight” rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and seven have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $148.60.

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.