Southern Copper (SCCO)

Company Profile

Southern Copper Corporation is one of the largest integrated copper producers in the world and has the largest copper reserves of the industry. The company is a NYSE and Lima Stock Exchange listed company that is 88.9% owned by Grupo Mexico, a Mexican company listed on the Mexican Stock Exchange. The remaining 11.1% ownership interest is held by the international investment community. Southern Copper Corp. operates mining units and metallurgical facilities in Mexico, Peru and conduct exploration activities in Argentina, Chile, Ecuador, Mexico and Peru.

Company profile

Ticker

SCCO

Exchange

NYSE

Website

www.southerncoppercorp.com

CEO

Oscar Gonzalez Rocha

Incorporated

Delaware

Location

Arizona

Fiscal year end

Dec 31

Sector

Mining, Quarrying, and Oil and Gas Extraction > Copper, Nickel, Lead, and Zinc Mining

Industry (SIC)

Metal Mining

Vale • Cleveland-Cliffs • Freeport-McMoRan • Turquoise Hill Resources • General Moly • MP Materials • Dakota Gold • Westwater Resources • Silver Bull Resources • Ivanhoe Electric ...

Former names

SOUTHERN PERU COPPER CORP/, SOUTHERN PERU COPPER HOLDING CO

SEC CIK

0001001838

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Americas Mining Corporation ...

IRS number

133849074

SCCO stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$64.00

Low target

$56.00

High target

$70.00

Latest filings (excl ownership)

View all

8-K

Submission of Matters to a Vote of Security Holders

2 May 23

Results of Operations and Financial Condition

27 Apr 23

DEFA14A

Additional proxy soliciting materials

14 Apr 23

Annual report (amended)

1 Mar 23

28 Feb 23

Results of Operations and Financial Condition

3 Feb 23

S-8 POS

Registration of securities for employees (post-effective amendment)

31 Oct 22

Transcripts

View all

SCCO

Earnings call transcript

2020 Q1

27 Apr 20

SCCO

Earnings call transcript

2019 Q2

24 Jul 19

SCCO

Earnings call transcript

2019 Q1

29 Apr 19

SCCO

Earnings call transcript

2018 Q4

12 Feb 19

SCCO

Earnings call transcript

2018 Q3

24 Oct 18

SCCO

Earnings call transcript

2017 Q4

6 Feb 18

Latest ownership filings

View all

144

Notice of proposed sale of securities

8 May 23

BONILLA LUIS MIGUEL PALOMINO

8 May 23

BONILLA LUIS MIGUEL PALOMINO

8 May 23

GILBERTO PEREZALONSO CIFUENTES

3 May 23

ANDREVE VICENTE ARIZTEGUI

3 May 23

BONILLA LUIS MIGUEL PALOMINO

3 May 23

CARLOS RUIZ SACRISTAN

3 May 23

Sanchez Mejorada Enrique Castillo

3 May 23

Lerdo de Tejada Leonardo Contreras

3 May 23

GERMAN LARREA MOTA VELASCO

3 May 23

Financial summary

Financial statements Chart SCCO financial data

Quarter (USD)	Mar 23	Dec 22	Sep 22	Jun 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

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)	2.30 bn	2.30 bn	2.30 bn	2.30 bn	2.30 bn	2.30 bn
Cash burn (monthly)	(no burn)	45.62 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	99.51 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	2.20 bn	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	48.2	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q1 2023

SCCO institutional ownership history Ownership history

7.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	494	467	+5.8%
Opened positions	81	114	-28.9%
Closed positions	54	56	-3.6%
Increased positions	164	148	+10.8%
Reduced positions	157	122	+28.7%

13F shares	Current	Prev Q	Change
Total value	4.50 tn	3.52 tn	+27.7%
Total shares	59.12 mm	58.42 mm	+1.2%
Total puts	1.15 mm	766.10 k	+49.5%
Total calls	1.32 mm	1.34 mm	-1.7%
Total put/call ratio	0.9	0.6	+52.1%

Largest owners	Shares	Value	Change
BLK Blackrock	7.80 mm	$594.60 bn	+10.7%
Fisher Asset Management	3.31 mm	$251.17 bn	-0.4%
FIL	2.93 mm	$223.37 bn	-51.6%
Mawer Investment Management	2.76 mm	$210.19 bn	+761.9%
Standard Life Aberdeen	2.70 mm	$206.05 bn	+134.8%
STT State Street	2.64 mm	$201.30 bn	-2.4%
T. Rowe Price	2.46 mm	$186.62 bn	-23.5%
MS Morgan Stanley	1.97 mm	$150.55 bn	+11.0%
BAC Bank Of America	1.54 mm	$117.23 bn	+80.5%
Mirae Asset Global Investments	1.52 mm	$115.92 bn	+6.0%

Largest transactions	Shares	Bought/sold	Change
FIL	2.93 mm	-3.12 mm	-51.6%
Mawer Investment Management	2.76 mm	+2.44 mm	+761.9%
Standard Life Aberdeen	2.70 mm	+1.55 mm	+134.8%
Personal Capital Advisors	0.00	-1.39 mm	EXIT
Empower Advisory	1.21 mm	+1.21 mm	NEW
Brandywine Global Investment Management	0.00	-911.99 k	EXIT
T. Rowe Price	2.46 mm	-756.98 k	-23.5%
BLK Blackrock	7.80 mm	+756.56 k	+10.7%
BAC Bank Of America	1.54 mm	+685.54 k	+80.5%
Norges Bank	0.00	-512.46 k	EXIT

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
8 May 23	Palomino Bonilla Luis Miguel	Common Stock	Sell	Dispose S	No	No	78.5	500	39.25 k	6,014
5 May 23	Palomino Bonilla Luis Miguel	Common Stock	Sell	Dispose S	No	No	78.97	500	39.49 k	6,514
1 May 23	Topete Xavier Garcia De Quevedo	Common Stock	Grant	Acquire A	No	No	0	400	0.00	16,038
1 May 23	Velasco German Larrea Mota	Common Stock	Grant	Acquire A	No	No	0	400	0.00	376,966
1 May 23	Lerdo de Tejada Leonardo Contreras	Common Stock	Grant	Acquire A	No	No	0	400	0.00	4,800

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

News

From Benzinga Pro

Wall Street's Most Accurate Analysts Say Hold These 3 Materials Stocks With Over 4% Dividend Yields

30 May 23

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Wall Street's Most Accurate Analysts Say Hold These 3 Materials Stocks Delivering High-Dividend Yields

12 May 23

The Latest Analyst Ratings for Southern Copper

10 May 23

Benzinga's Top Ratings Upgrades, Downgrades For May 10, 2023

10 May 23

Goldman Sachs Downgrades Southern Copper to Sell, Raises Price Target to $66

10 May 23