Southern Copper (NYSE:SCCO) Director Bonilla Luis Miguel Palomino Sells 100 Shares

July 29, 2026 by InsiderTrades.com

Key Points

Director insider sale: Bonilla Luis Miguel Palomino sold 100 Southern Copper shares for $17,900, reducing his direct ownership by 5.87% to 1,603 shares. He has also made several other sales in recent months.
Financial and shareholder updates: Southern Copper beat quarterly earnings estimates with EPS of $2.01, while revenue rose 40.6% year over year to $4.29 billion. The company raised its quarterly dividend to $1.10 per share and announced a 1.012-for-1 stock split effective August 11.
Mixed analyst outlook: Although some firms upgraded the stock, the overall consensus rating remains “Reduce,” with a consensus price target of $148.60 versus the reported share price near $179.25.

Southern Copper Corporation (NYSE:SCCO - Get Free Report) Director Bonilla Luis Miguel Palomino sold 100 shares of the firm's stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $179.00, for a total value of $17,900.00. Following the sale, the director directly owned 1,603 shares of the company's stock, valued at $286,937. This represents a 5.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

On Friday, June 5th, Bonilla Luis Miguel Palomino sold 4 shares of Southern Copper stock. The shares were sold at an average price of $181.00, for a total value of $724.00.
On Tuesday, June 2nd, Bonilla Luis Miguel Palomino sold 100 shares of Southern Copper stock. The shares were sold at an average price of $200.00, for a total value of $20,000.00.
On Thursday, May 21st, Bonilla Luis Miguel Palomino sold 200 shares of Southern Copper stock. The shares were sold at an average price of $177.82, for a total transaction of $35,564.00.
On Friday, May 15th, Bonilla Luis Miguel Palomino sold 100 shares of Southern Copper stock. The stock was sold at an average price of $178.20, for a total transaction of $17,820.00.

Southern Copper Trading Down 0.0%

NYSE SCCO opened at $179.25 on Wednesday. The stock has a market cap of $148.08 billion, a PE ratio of 26.21, a PEG ratio of 1.54 and a beta of 1.11. Southern Copper Corporation has a 12 month low of $88.73 and a 12 month high of $223.88. The company's 50-day moving average price is $181.11 and its 200-day moving average price is $183.90. The company has a current ratio of 4.38, a quick ratio of 3.89 and a debt-to-equity ratio of 0.57.

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Southern Copper's stock is going to split on the morning of Tuesday, August 11th. The 1.012-1 split was recently announced. The newly created shares will be payable to shareholders after the market closes on Monday, August 10th.

Southern Copper (NYSE:SCCO - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The basic materials company reported $2.01 earnings per share for the quarter, beating analysts' consensus estimates of $1.95 by $0.06. The company had revenue of $4.29 billion during the quarter, compared to analyst estimates of $4.37 billion. Southern Copper had a net margin of 35.87% and a return on equity of 50.74%. The business's revenue was up 40.6% compared to the same quarter last year. Equities research analysts forecast that Southern Copper Corporation will post 7.63 earnings per share for the current year.

Southern Copper Increases Dividend

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The business also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Tuesday, August 11th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from Southern Copper's previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Tuesday, August 11th. Southern Copper's dividend payout ratio is 58.48%.

Analysts Set New Price Targets

A number of analysts recently issued reports on SCCO shares. Wall Street Zen upgraded Southern Copper from a "hold" rating to a "buy" rating in a report on Saturday, June 27th. Citigroup reiterated a "positive" rating on shares of Southern Copper in a report on Wednesday, July 15th. Zacks Research raised Southern Copper from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 9th. Scotiabank reaffirmed an "underperform" rating and issued a $140.00 price objective (up from $135.00) on shares of Southern Copper in a research note on Monday, June 15th. Finally, CICC Research downgraded shares of Southern Copper to a "market perform" rating in a research report on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and seven have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $148.60.

Read Our Latest Research Report on Southern Copper

Institutional Trading of Southern Copper

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Intech Investment Management LLC lifted its stake in shares of Southern Copper by 0.8% during the 4th quarter. Intech Investment Management LLC now owns 6,030 shares of the basic materials company's stock worth $865,000 after purchasing an additional 50 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in Southern Copper by 0.8% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 6,072 shares of the basic materials company's stock valued at $871,000 after purchasing an additional 51 shares during the last quarter. Steel Grove Capital Advisors LLC raised its holdings in Southern Copper by 1.8% in the fourth quarter. Steel Grove Capital Advisors LLC now owns 2,910 shares of the basic materials company's stock worth $417,000 after purchasing an additional 52 shares in the last quarter. Ensign Peak Advisors Inc raised its holdings in Southern Copper by 0.8% in the fourth quarter. Ensign Peak Advisors Inc now owns 6,379 shares of the basic materials company's stock worth $915,000 after purchasing an additional 53 shares in the last quarter. Finally, Venture Visionary Partners LLC raised its holdings in Southern Copper by 0.8% in the fourth quarter. Venture Visionary Partners LLC now owns 6,998 shares of the basic materials company's stock worth $1,004,000 after purchasing an additional 53 shares in the last quarter. Institutional investors own 7.94% of the company's stock.

About Southern Copper

(Get Free Report)

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.