Southern Copper Co. (NYSE:SCCO) Director Bonilla Luis Miguel Palomino Sells 101 Shares

Southern Copper Co. (NYSE:SCCO) Director Bonilla Luis Miguel Palomino sold 101 shares of Southern Copper stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $103.68, for a total transaction of $10,471.68. Following the sale, the director now owns 2,513 shares of the company’s stock, valued at approximately $260,547.84. This represents a 3.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, September 26th, Bonilla Luis Miguel Palomino sold 100 shares of Southern Copper stock. The stock was sold at an average price of $119.50, for a total transaction of $11,950.00.
• On Tuesday, September 17th, Bonilla Luis Miguel Palomino sold 100 shares of Southern Copper stock. The stock was sold at an average price of $100.00, for a total transaction of $10,000.00.
• On Monday, August 26th, Bonilla Luis Miguel Palomino sold 100 shares of Southern Copper stock. The stock was sold at an average price of $105.13, for a total transaction of $10,513.00.

Southern Copper Stock Performance

Shares of SCCO opened at $100.37 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77. Southern Copper Co. has a twelve month low of $70.63 and a twelve month high of $129.79. The firm’s 50 day moving average price is $110.22 and its two-hundred day moving average price is $109.21. The firm has a market cap of $78.84 billion, a P/E ratio of 25.93, a PEG ratio of 1.07 and a beta of 1.18.

Southern Copper Announces Dividend

The business also recently declared a — dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 6th were paid a $0.62 dividend. This represents a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, November 6th. Southern Copper’s payout ratio is currently 72.09%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Coldstream Capital Management Inc. acquired a new stake in shares of Southern Copper in the third quarter valued at approximately $202,000. Geode Capital Management LLC increased its holdings in Southern Copper by 3.4% during the third quarter. Geode Capital Management LLC now owns 613,286 shares of the basic materials company’s stock worth $70,437,000 after buying an additional 20,204 shares during the last quarter. M&T Bank Corp increased its holdings in shares of Southern Copper by 0.5% in the third quarter. M&T Bank Corp now owns 20,460 shares of the basic materials company’s stock valued at $2,367,000 after purchasing an additional 105 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Southern Copper in the third quarter valued at $7,735,000. Finally, Orion Portfolio Solutions LLC increased its holdings in shares of Southern Copper by 2.7% in the third quarter. Orion Portfolio Solutions LLC now owns 16,751 shares of the basic materials company’s stock valued at $1,938,000 after purchasing an additional 441 shares during the last quarter. Institutional investors own 7.94% of the company’s stock.

Analyst Upgrades and Downgrades

SCCO has been the topic of several recent analyst reports. Citigroup lifted their price objective on shares of Southern Copper from $99.44 to $100.00 and gave the stock a “sell” rating in a research note on Wednesday, October 2nd. Scotiabank reduced their price objective on shares of Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating on the stock in a research note on Tuesday, October 15th. Finally, Morgan Stanley lifted their price objective on shares of Southern Copper from $97.00 to $100.00 and gave the stock an “underweight” rating in a research note on Thursday, September 19th. Six equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $90.63.

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.