Southern CopperSCCO
About: Southern Copper Corp is an integrated producer of copper and other minerals and operates the mining, smelting, and refining facilities in Peru and Mexico. Its production includes copper, molybdenum, zinc, and silver. The company operates through the following segments: Peruvian operations, Mexican open-pit operations, and Mexican underground mining operations. Southern Copper generates the majority of its revenue from the sale of copper and the rest from the sale of non-copper products, such as molybdenum, silver, zinc, lead, and gold. The company's geographical segments are The Americas, Europe, and Asia.
Employees: 15,810
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
78% more first-time investments, than exits
New positions opened: 107 | Existing positions closed: 60
75% more repeat investments, than reductions
Existing positions increased: 304 | Existing positions reduced: 174
13% more call options, than puts
Call options by funds: $153M | Put options by funds: $136M
8% more funds holding
Funds holding: 558 [Q1] → 605 (+47) [Q2]
0.32% less ownership
Funds ownership: 8.82% [Q1] → 8.51% (-0.32%) [Q2]
1% less capital invested
Capital invested by funds: $7.21B [Q1] → $7.16B (-$55.8M) [Q2]
14% less funds holding in top 10
Funds holding in top 10: 7 [Q1] → 6 (-1) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Scotiabank Alfonso Salazar 100% 1-year accuracy 2 / 2 met price target | 54%downside $52 | Sector Underperform Maintained | 15 Oct 2024 |
Citigroup Alexander Hacking 44% 1-year accuracy 4 / 9 met price target | 11%downside $100 | Sell Maintained | 2 Oct 2024 |
Morgan Stanley Carlos De Alba 52% 1-year accuracy 12 / 23 met price target | 11%downside $100 | Underweight Maintained | 19 Sept 2024 |
Financial journalist opinion
Based on 15 articles about SCCO published over the past 30 days