Southern Copper Co. (NYSE:SCCO) Director Bonilla Luis Miguel Palomino Sells 300 Shares

Southern Copper Co. (NYSE:SCCO) Director Bonilla Luis Miguel Palomino sold 300 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $118.50, for a total transaction of $35,550.00. Following the transaction, the director now owns 4,614 shares of the company’s stock, valued at $546,759. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Bonilla Luis Miguel Palomino also recently made the following trade(s):

• On Wednesday, April 3rd, Bonilla Luis Miguel Palomino sold 100 shares of Southern Copper stock. The shares were sold at an average price of $110.20, for a total transaction of $11,020.00.
• On Wednesday, March 13th, Bonilla Luis Miguel Palomino sold 100 shares of Southern Copper stock. The stock was sold at an average price of $87.10, for a total transaction of $8,710.00.
• On Monday, March 4th, Bonilla Luis Miguel Palomino sold 100 shares of Southern Copper stock. The stock was sold at an average price of $81.50, for a total transaction of $8,150.00.

Southern Copper Stock Performance

Southern Copper stock opened at $120.85 on Tuesday. The company has a quick ratio of 2.46, a current ratio of 3.19 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $93.43 billion, a PE ratio of 39.75, a P/E/G ratio of 3.35 and a beta of 1.29. The firm has a fifty day simple moving average of $100.55 and a two-hundred day simple moving average of $86.04. Southern Copper Co. has a twelve month low of $64.66 and a twelve month high of $121.00.

Southern Copper (NYSE:SCCO) last posted its quarterly earnings results on Friday, February 2nd. The basic materials company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.15). The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.37 billion. Southern Copper had a return on equity of 30.29% and a net margin of 24.20%. Research analysts expect that Southern Copper Co. will post 3.95 EPS for the current year.

Hedge Funds Weigh In On Southern Copper

A number of hedge funds have recently modified their holdings of the company. Nilsine Partners LLC increased its position in shares of Southern Copper by 1.9% in the first quarter. Nilsine Partners LLC now owns 5,719 shares of the basic materials company’s stock valued at $609,000 after acquiring an additional 109 shares during the period. Wahed Invest LLC increased its position in shares of Southern Copper by 9.0% in the fourth quarter. Wahed Invest LLC now owns 1,451 shares of the basic materials company’s stock valued at $125,000 after acquiring an additional 120 shares during the period. Janiczek Wealth Management LLC increased its position in shares of Southern Copper by 11.5% in the fourth quarter. Janiczek Wealth Management LLC now owns 1,227 shares of the basic materials company’s stock valued at $106,000 after acquiring an additional 127 shares during the period. CWM LLC increased its position in shares of Southern Copper by 3.3% in the fourth quarter. CWM LLC now owns 4,329 shares of the basic materials company’s stock valued at $373,000 after acquiring an additional 137 shares during the period. Finally, First National Trust Co increased its position in shares of Southern Copper by 0.4% in the fourth quarter. First National Trust Co now owns 37,134 shares of the basic materials company’s stock valued at $3,196,000 after acquiring an additional 150 shares during the period. Hedge funds and other institutional investors own 7.94% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Scotiabank lifted their price objective on shares of Southern Copper from $53.00 to $55.00 and gave the stock a “sector underperform” rating in a report on Thursday, April 18th. Jefferies Financial Group raised shares of Southern Copper from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $91.00 to $130.00 in a report on Friday, March 22nd. StockNews.com raised shares of Southern Copper from a “hold” rating to a “buy” rating in a report on Monday. JPMorgan Chase & Co. dropped their price objective on shares of Southern Copper from $63.50 to $61.00 and set an “underweight” rating for the company in a report on Thursday, March 21st. Finally, HSBC downgraded shares of Southern Copper from a “hold” rating to a “reduce” rating and set a $80.00 price objective for the company. in a report on Monday, April 22nd. Five investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $76.00.

Southern Copper Company Profile

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.