Catch up on the essentials
- Allworth Financial LP raised its position in Southern Copper Corporation (NYSE: SCCO) by 320.7% during the second quarter, according to the firm's most recent disclosure with the Securities and Exchange Commission.
- Several other institutional investors made changes to their Southern Copper holdings.
- Wall Street analyst sentiment on Southern Copper remains cautious despite the company's recent operating results.
Selected from this article · 2026-09-13
Read on for the full pictureAllworth Financial's 320.7% Increase in SCCO Holdings
Allworth Financial LP raised its position in Southern Copper Corporation (NYSE: SCCO) by 320.7% during the second quarter, according to the firm's most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired an additional 7,489 shares during the quarter, bringing its total holdings to 9,824 shares. Allworth Financial's position in Southern Copper was valued at $1,712,000 at the end of the most recent reporting period.
Other Institutional Holders Adjust Positions
Several other institutional investors made changes to their Southern Copper holdings. SHP Wealth Management, Bell Investment Advisors Inc, Rakuten Securities Inc., Lloyd Advisory Services LLC., and Virtus Advisers LLC. each purchased new stakes in the company. Hedge funds and other institutional investors collectively own 7.94% of Southern Copper's stock.
Analyst Sentiment Tilts Cautious Despite Strong Earnings
Wall Street analyst sentiment on Southern Copper remains cautious despite the company's recent operating results. Southern Copper reported quarterly earnings of $1.99 per share on revenue of $4.29 billion for the quarter, beating the consensus EPS estimate of $1.93. Analyst price targets have ranged from $138.34 to $164.03, with a consensus target of $146.84 and a "Reduce" consensus rating, according to MarketBeat data cited in the coverage. SCCO opened at $193.22 on Friday, above the consensus price target.
Stock Trading Near 50-Day Average
Southern Copper shares opened at $193.22 on Friday, with a 50-day moving average of $190.63 and a 200-day moving average of $184.33. The stock carries a market capitalization of $161.21 billion, a P/E ratio of 28.25, a PEG ratio of 1.73, and a beta of 1.14, with a 52-week range of $104.98 to $223.88.
Insider Transaction Recorded in August
Director Luis Palomino Bonilla sold 202 shares of Southern Copper stock on Wednesday, August 5, at an average price of $196.79, totaling $39,751.28. Insiders have sold 604 shares worth $118,077 over the prior ninety days, with insiders owning 0.07% of the company's stock.
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