Southern Copper (NYSE:SCCO) Shares to Split on Tuesday, November 3rd

Southern Copper Corporation (NYSE:SCCO) shares are set to split on Tuesday, November 3rd. The 1.0106-1 split was recently announced. The newly minted shares will be distributed to shareholders after the closing bell on Monday, November 2nd.

Southern Copper Trading Down 2.3%

Shares of SCCO stock opened at $197.74 on Thursday. 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 has a 1 year low of $119.25 and a 1 year high of $223.88. The stock has a fifty day moving average of $201.58 and a two-hundred day moving average of $188.11. The firm has a market capitalization of $164.98 billion, a PE ratio of 28.91, a price-to-earnings-growth ratio of 1.78 and a beta of 1.11.

Southern Copper (NYSE:SCCO) last released its quarterly earnings results on Wednesday, October 21st. The basic materials company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.13. Southern Copper had a return on equity of 49.04% and a net margin of 35.87%. The company had revenue of $4.70 billion during the quarter, compared to analysts’ expectations of $4.49 billion. As a group, research analysts expect that Southern Copper will post 7.92 EPS for the current year.

Southern Copper Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Tuesday, November 3rd will be paid a dividend of $1.30 per share. This is an increase from Southern Copper’s previous quarterly dividend of $1.10. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, November 3rd. Southern Copper’s dividend payout ratio (DPR) is presently 64.33%.

More Southern Copper News

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

• Positive Sentiment: Results substantially exceeded expectations. Third-quarter earnings were $2.15 per share versus estimates of approximately $2.00–$2.04, while revenue reached a record $4.70 billion, up 39.1% year over year. Net income rose 62.7% to $1.80 billion, supported by higher metal prices. Southern Copper Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: Cash generation and shareholder returns improved. Operating cash flow increased 42.6% to $2.22 billion. The board approved a $1.30 quarterly cash dividend and a 1.06% stock dividend, payable November 19, 2026. Southern Copper Posts Record Third-Quarter Sales
• Positive Sentiment: Long-term copper growth remains a catalyst. Coverage highlighted Southern Copper’s plans to reach one million tonnes of annual production, while the ongoing copper bull market could support revenue and earnings if prices remain elevated. Southern Copper Sets Its Sights on One Million Tonnes of Annual Output
• Neutral Sentiment: Production was mixed. Third-quarter copper output declined 1.1% to 232,396 tonnes, although capital investment increased 47.7% to $515.8 million, indicating continued spending on expansion.
• Negative Sentiment: Valuation and execution risks are weighing on sentiment. Bank of America maintained a Sell rating, citing SCCO’s rich valuation and delays to development projects, with a $203 price target. Southern Copper Record Results but Valuation and Project Delays Drive Sell Rating
• Negative Sentiment: Some targets imply downside. JPMorgan raised its target to $154, still substantially below recent trading levels, reinforcing concerns that strong earnings may already be priced in. JPMorgan Raises Southern Copper Price Target

Wall Street Analyst Weigh In

SCCO has been the subject of a number of recent analyst reports. Barclays reiterated an “underweight” rating and issued a $168.00 target price (up from $166.00) on shares of Southern Copper in a research report on Monday. Wall Street Zen raised shares of Southern Copper from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. CICC Research cut shares of Southern Copper to a “market perform” rating in a research note on Sunday, July 26th. Citigroup restated a “positive” rating on shares of Southern Copper in a research report on Wednesday, July 15th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $170.00 price target on shares of Southern Copper in a research note on Wednesday, October 7th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $160.95.

Insider Transactions at Southern Copper

In other Southern Copper news, Director Luis Palomino Bonilla sold 202 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $196.79, for a total transaction of $39,751.28. Following the completion of the transaction, the director directly owned 1,723 shares of the company’s stock, valued at approximately $339,066.65. This trade represents a 10.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 704 shares of company stock worth $138,077. Company insiders own 0.07% of the company’s stock.

Institutional Trading of Southern Copper

Hedge funds and other institutional investors have recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Southern Copper during the second quarter worth $1,078,000. Fund Advisors of America Inc FL purchased a new stake in shares of Southern Copper during the second quarter valued at $870,000. RFG Advisory LLC lifted its holdings in shares of Southern Copper by 143.7% during the second quarter. RFG Advisory LLC now owns 21,727 shares of the basic materials company’s stock valued at $3,786,000 after purchasing an additional 12,811 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Southern Copper by 11.9% in the 2nd quarter. HighTower Advisors LLC now owns 58,421 shares of the basic materials company’s stock valued at $10,180,000 after purchasing an additional 6,195 shares during the period. Finally, Equitable Holdings Inc. acquired a new position in shares of Southern Copper in the 2nd quarter valued at $505,000. Institutional investors own 7.94% of the company’s stock.

About Southern Copper

Southern Copper Corporation (NYSE:SCCO) is a mining and metals company engaged primarily in the exploration, development, extraction, processing and production of copper. The company also produces molybdenum, zinc, silver and lead, along with related byproducts. Its operations include open-pit mines, underground mines, concentrators, smelters, refineries and other processing facilities.

Southern Copper operates mainly in Peru and Mexico. Its Peruvian assets include the Toquepala and Cuajone copper mines, while its Mexican operations include the Buenavista del Cobre and La Caridad mines, as well as associated processing and infrastructure facilities.