Southern Copper Co. (NYSE:SCCO - Get Free Report) Director Bonilla Luis Miguel Palomino sold 300 shares of the firm's stock in a transaction dated 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 directly owns 4,614 shares in the company, valued at approximately $546,759. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
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 shares were 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 shares were sold at an average price of $81.50, for a total transaction of $8,150.00.
Southern Copper Stock Up 3.3 %
Warren Buffett's "mystery stock"
From Stansberry Research | Ad
WARNING: Read This Before the Next Fed Meeting
Investors are looking to the Fed with high hopes for interest rate relief. Unfortunately, many have no idea there's another major story unfolding right now, one that could be worth $40 trillion.
This Wall Street millionaire just stepped forward with all the details, and how it could make some
NYSE:SCCO opened at $120.85 on Tuesday. The company has a market cap of $93.43 billion, a PE ratio of 39.75, a P/E/G ratio of 3.35 and a beta of 1.29. Southern Copper Co. has a twelve month low of $64.66 and a twelve month high of $121.00. The company has a current ratio of 3.19, a quick ratio of 2.46 and a debt-to-equity ratio of 0.84. The company's 50 day moving average is $100.55 and its two-hundred day moving average is $86.04.
Southern Copper (NYSE:SCCO - Get Free Report) last announced its quarterly earnings data on Friday, February 2nd. The basic materials company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.15). Southern Copper had a net margin of 24.20% and a return on equity of 30.29%. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.37 billion. Analysts anticipate that Southern Copper Co. will post 3.95 EPS for the current year.
Institutional Trading of Southern Copper
Several institutional investors and hedge funds have recently bought and sold shares of SCCO. AE Wealth Management LLC acquired a new stake in Southern Copper during the 3rd quarter valued at approximately $215,000. Exchange Traded Concepts LLC lifted its stake in shares of Southern Copper by 117.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 7,442 shares of the basic materials company's stock valued at $560,000 after purchasing an additional 4,020 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Southern Copper by 4.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 22,268 shares of the basic materials company's stock valued at $1,677,000 after purchasing an additional 1,030 shares during the period. Ulland Investment Advisors LLC acquired a new position in shares of Southern Copper in the 3rd quarter valued at $200,000. Finally, SVB Wealth LLC acquired a new position in shares of Southern Copper in the 3rd quarter valued at $202,000. 7.94% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
SCCO has been the topic of a number of analyst reports. 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 research report on Thursday, April 18th. CICC Research initiated coverage on shares of Southern Copper in a research report on Wednesday, April 24th. They issued an "outperform" rating on the stock. HSBC downgraded shares of Southern Copper from a "hold" rating to a "reduce" rating and set a $80.00 price objective on the stock. in a research report on Monday, April 22nd. The Goldman Sachs Group lifted their price objective on shares of Southern Copper from $61.00 to $82.00 and gave the stock a "sell" rating in a research report on Friday, March 22nd. Finally, 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 research report on Friday, March 22nd. Five analysts have rated the stock with a sell rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Southern Copper presently has an average rating of "Hold" and an average target price of $76.00.
Read Our Latest Analysis on Southern Copper
About Southern Copper
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
