Insider Selling: Southern Copper (NYSE:SCCO) Director Sells $20,000.00 in Stock

September 9, 2026 by InsiderTrades.com

Key Points

Insider sale: Southern Copper director Luis Palomino Bonilla sold 100 shares at $200 each, reducing his stake by 5.87% to 1,603 shares. He has also sold shares in three other recent transactions.
Stock and financial performance: SCCO shares opened at $209.02, up 5.2%, while the company reported quarterly EPS of $1.99, exceeding estimates, and revenue growth of 40.6% year over year.
Dividend and analyst outlook: Southern Copper increased its quarterly dividend to $1.10, or $4.40 annually, for a 2.1% yield. Analysts remain cautious, with a consensus “Reduce” rating and an average price target of $146.84.

Southern Copper Corporation (NYSE:SCCO - Get Free Report) Director Luis Palomino Bonilla sold 100 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $200.00, for a total value of $20,000.00. Following the transaction, the director directly owned 1,603 shares in the company, valued at approximately $320,600. This represents a 5.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Copper Is the AI Trade No One Priced In—3 Miners With the Most to Gain

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

On Tuesday, August 4th, Luis Palomino Bonilla sold 101 shares of Southern Copper stock. The shares were sold at an average price of $192.69, for a total value of $19,461.46.
On Wednesday, August 5th, Luis Palomino Bonilla sold 202 shares of Southern Copper stock. The stock was sold at an average price of $196.79, for a total value of $39,751.28.
On Friday, July 24th, Luis Palomino Bonilla sold 101 shares of Southern Copper stock. The stock was sold at an average price of $176.88, for a total value of $17,864.62.

Southern Copper Trading Up 5.2%

Shares of SCCO stock opened at $209.02 on Wednesday. Southern Copper Corporation has a 12 month low of $99.87 and a 12 month high of $223.88. The company has a quick ratio of 4.56, a current ratio of 5.06 and a debt-to-equity ratio of 0.63. The business's 50 day moving average is $188.81 and its two-hundred day moving average is $184.17. The company has a market cap of $174.39 billion, a PE ratio of 30.56, a price-to-earnings-growth ratio of 1.83 and a beta of 1.14.

Copper Surges as Shifting Trade Policy and AI Demand Collide

Southern Copper (NYSE:SCCO - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The basic materials company reported $1.99 EPS for the quarter, beating analysts' consensus estimates of $1.93 by $0.06. Southern Copper had a net margin of 35.87% and a return on equity of 49.04%. The company had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.37 billion. The business's quarterly revenue was up 40.6% on a year-over-year basis. Equities analysts predict that Southern Copper Corporation will post 7.59 EPS for the current year.

Southern Copper Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Tuesday, August 11th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Tuesday, August 11th. This is a boost from Southern Copper's previous quarterly dividend of $1.00. Southern Copper's dividend payout ratio (DPR) is 64.33%.

Wall Street Analyst Weigh In

3 Multi-Metal Stocks for Income and Long-Term Growth

A number of equities research analysts have issued reports on SCCO shares. Citigroup restated a "positive" rating on shares of Southern Copper in a report on Wednesday, July 15th. UBS Group reissued a "sell" rating and set a $158.10 price objective (up from $143.28) on shares of Southern Copper in a research report on Tuesday, June 30th. CICC Research downgraded Southern Copper to a "market perform" rating in a research note on Sunday, July 26th. Wells Fargo & Company raised their target price on Southern Copper from $168.97 to $169.96 and gave the company an "equal weight" rating in a report on Thursday, July 9th. Finally, Scotiabank reaffirmed an "underperform" rating and issued a $138.34 price target (up from $133.40) on shares of Southern Copper in a research report on Monday, June 15th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and seven have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus target price of $146.84.

View Our Latest Stock Report on Southern Copper

Institutional Investors Weigh In On Southern Copper

A number of institutional investors have recently bought and sold shares of SCCO. RFG Advisory LLC increased its holdings in Southern Copper by 143.7% in the 2nd quarter. RFG Advisory LLC now owns 21,727 shares of the basic materials company's stock valued at $3,786,000 after buying an additional 12,811 shares during the period. IFP Advisors Inc lifted its holdings in shares of Southern Copper by 19.5% during the 2nd quarter. IFP Advisors Inc now owns 7,859 shares of the basic materials company's stock worth $1,370,000 after acquiring an additional 1,285 shares during the period. Baird Financial Group Inc. boosted its position in shares of Southern Copper by 2.4% during the 2nd quarter. Baird Financial Group Inc. now owns 3,546 shares of the basic materials company's stock valued at $618,000 after acquiring an additional 83 shares in the last quarter. Allworth Financial LP boosted its position in shares of Southern Copper by 320.7% during the 2nd quarter. Allworth Financial LP now owns 9,824 shares of the basic materials company's stock valued at $1,712,000 after acquiring an additional 7,489 shares in the last quarter. Finally, Nykredit A S bought a new stake in Southern Copper in the second quarter valued at about $13,689,000. Institutional investors and hedge funds own 7.94% of the company's stock.

About Southern Copper

(Get Free Report)

Southern Copper Corporation (NYSE: SCCO) is an integrated copper producer engaged in the exploration, mining, processing, smelting and refining of minerals. The company produces copper in the form of cathodes, concentrates and anodes, along with byproducts including molybdenum, zinc, silver, lead and sulfuric acid.

Southern Copper operates mining and processing facilities in Mexico and Peru. Its principal Mexican operations include the Buenavista del Cobre and La Caridad mining complexes, while its Peruvian operations include the Toquepala and Cuajone mines and the Ilo smelter and refinery.