Southern Copper (SCCO)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	2.20 bn	2.20 bn	2.20 bn	2.20 bn	2.20 bn	2.20 bn
Cash burn (monthly)	33.60 mm	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	92.51 mm	n/a	n/a	n/a	n/a	n/a
Cash remaining	2.11 bn	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	62.7	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2023

SCCO institutional ownership history Ownership history

7.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	489	497	-1.6%
Opened positions	57	82	-30.5%
Closed positions	65	53	+22.6%
Increased positions	161	163	-1.2%
Reduced positions	160	160	–

13F shares	Current	Prev Q	Change
Total value	4.02 tn	4.50 tn	-10.6%
Total shares	56.43 mm	59.18 mm	-4.7%
Total puts	987.70 k	1.15 mm	-13.8%
Total calls	952.90 k	1.32 mm	-27.9%
Total put/call ratio	1.0	0.9	+19.5%

Largest owners	Shares	Value	Change
BLK Blackrock	7.40 mm	$531.14 bn	-5.1%
Fisher Asset Management	3.33 mm	$238.70 bn	+0.5%
Standard Life Aberdeen	3.09 mm	$221.91 bn	+14.5%
Mawer Investment Management	2.69 mm	$193.30 bn	-2.3%
STT State Street	2.66 mm	$190.83 bn	+0.8%
T. Rowe Price	1.87 mm	$134.23 bn	-24.0%
MS Morgan Stanley	1.80 mm	$129.47 bn	-8.6%
FIL	1.76 mm	$126.21 bn	-39.9%
GS Goldman Sachs	1.62 mm	$116.11 bn	+8.6%
JPM JPMorgan Chase & Co.	1.41 mm	$101.47 bn	+39.0%

Largest transactions	Shares	Bought/sold	Change
FIL	1.76 mm	-1.17 mm	-39.9%
BAC Bank Of America	610.66 k	-926.83 k	-60.3%
T. Rowe Price	1.87 mm	-589.58 k	-24.0%
Mirae Asset Global Investments	1.07 mm	-449.08 k	-29.5%
JPM JPMorgan Chase & Co.	1.41 mm	+396.61 k	+39.0%
BLK Blackrock	7.40 mm	-394.35 k	-5.1%
Standard Life Aberdeen	3.09 mm	+390.97 k	+14.5%
Marshall Wace	563.76 k	+361.21 k	+178.3%
RWC Asset Advisors	635.28 k	-347.72 k	-35.4%
Voloridge Investment Management	521.41 k	+319.49 k	+158.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

SCCO insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
14 Aug 23	Castillo Sanchez Mejorada Enrique	Common Stock	Sell	Dispose S	No	No	81.56	2,400	195.74 k	3,200
31 Jul 23	Palomino Bonilla Luis Miguel	Common Stock	Sell	Dispose S	No	No	87.11	500	43.56 k	5,414
27 Jul 23	Topete Xavier Garcia De Quevedo	Common Stock	Grant	Acquire A	No	No	0	400	0.00	16,438
27 Jul 23	Velasco German Larrea Mota	Common Stock	Grant	Acquire A	No	No	0	400	0.00	377,366
27 Jul 23	Ariztegui Andreve Vicente	Common Stock	Grant	Acquire A	No	No	0	400	0.00	5,600

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

Benzinga's Top Ratings Upgrades, Downgrades For September 18, 2023

18 Sep 23

Jefferies Initiates Coverage On Southern Copper with Hold Rating, Announces Price Target of $91

18 Sep 23

Jefferies analyst Alejandro Demichelis initiates coverage on Southern Copper (NYSE:SCCO) with a Hold rating and announces Price Target of $91.

Peering Into Southern Copper's Recent Short Interest

8 Sep 23

If You Invested $100 In This Stock 10 Years Ago, You Would Have $300 Today

1 Sep 23

JP Morgan Maintains Underweight on Southern Copper, Raises Price Target to $55.5

17 Aug 23

Press releases

From Benzinga Pro

The Oregon Group Predicts Historical Copper Supply Gap

21 Sep 23

TORONTO, Sept. 21, 2023 /PRNewswire/ - The supply of copper, essential for a host of industries and crucial to green technology and the global energy transition, is expected to face a supply gap of nearly 10 million mt