Two new institutional positions disclosed
Two investment advisors separately disclosed new or expanded stakes in Southern Copper Corporation, with each transaction reported in the most recent 13F filings covered by the sources. Oxbow Advisors LLC acquired 20,670 shares of the basic-materials company. Abacus FCF Advisors LLC purchased a new position of 31,569 shares in the second quarter, valued at approximately $5,501,000. The filings were disclosed to the Securities and Exchange Commission and summarized in third-party reporting dated August 19–20.
Recent activity from other large investors
The Defense World summary also catalogued several other recent changes in Southern Copper holdings. California Public Employees Retirement System raised its stake by 21.2% in the first quarter, ending the period with 192,523 shares valued at about $33,126,000. RFG Advisory LLC, US Bancorp DE, Ashoka WhiteOak Capital Pte Ltd, and Precision Wealth Strategies LLC each opened or added to Southern Copper positions across the fourth and first quarters, with disclosed values ranging from roughly $1,147,000 to $10,687,000. Together, the moves illustrate continued institutional interest in the copper producer.
Trading metrics and shareholder base
Shares of SCCO opened at $194.57 on the Thursday covered by the Defense World report, leaving the stock near the upper end of its 52-week range of $92.57 to $223.88. Market capitalization stood at $162.33 billion, with a price-to-earnings ratio of 28.45, a P/E/G ratio of 1.61, and a beta of 1.11. The fifty-day and 200-day moving averages were $181.26 and $182.88, respectively. Institutional investors were reported to own 7.94% of the company's stock.
Earnings and dividend context
Southern Copper last released quarterly earnings on Wednesday, July 22, reporting $1.99 in earnings per share against a consensus estimate of $1.93, and revenue of $4.29 billion compared with a $4.37 billion consensus. Revenue was up 40.6% year over year, and the company posted a net margin of 35.87% and a return on equity of 49.04%. The Defense World filing summary also referenced a recent dividend increase, though the new rate was cut off in the source text. The analyst consensus for the current fiscal year was 7.61 earnings per share.
What remains uncertain
The MarketBeat instant-alert excerpt only identified Oxbow Advisors' acquisition and the share count, without specifying the transaction value, quarter, or prior holdings in its accessible text. The full dividend amount and per-share rate from the recent increase were not captured in the supplied source. Additional 13F disclosures are the next verifiable milestone, as further institutional managers are required to file their second-quarter positions in the coming weeks.
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