Southern Copper (NYSE:SCCO) Stock Acquired Rep. Marjorie Taylor Greene

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Southern Copper Co. NYSE: SCCO. In a filing disclosed on November 21st, the Representative disclosed that they had bought between $1,001 and $15,000 in Southern Copper stock on November 20th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Nestlé OTCMKTS: NSRGY on 11/20/2024.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 11/20/2024.
• Purchased $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 11/20/2024.
• Purchased $1,001 - $15,000 in shares of Occidental Petroleum NYSE: OXY on 11/20/2024.
• Purchased $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 11/20/2024.
• Purchased $1,001 - $15,000 in shares of Adobe NASDAQ: ADBE on 11/20/2024.
• Purchased $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 11/20/2024.
• Purchased $1,001 - $15,000 in shares of Berkshire Hathaway NYSE: BRK.B on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of FedEx NYSE: FDX on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of Dell Technologies NYSE: DELL on 11/7/2024.

Southern Copper Trading Down 0.9 %

SCCO stock traded down $0.94 during midday trading on Friday, reaching $99.74. The stock had a trading volume of 853,410 shares, compared to its average volume of 896,900. The firm has a market cap of $78.35 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 1.04 and a beta of 1.18. The company has a quick ratio of 2.31, a current ratio of 2.77 and a debt-to-equity ratio of 0.64. Southern Copper Co. has a twelve month low of $70.63 and a twelve month high of $129.79. The business has a fifty day simple moving average of $110.24 and a two-hundred day simple moving average of $109.04.

Southern Copper Announces Dividend

The company also recently declared a -- dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 6th were paid a dividend of $0.62 per share. This represents a dividend yield of 2.1%. The ex-dividend date was Wednesday, November 6th. Southern Copper's dividend payout ratio (DPR) is presently 72.09%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Morgan Stanley increased their target price on Southern Copper from $97.00 to $100.00 and gave the company an "underweight" rating in a research note on Thursday, September 19th. Citigroup increased their price target on Southern Copper from $99.44 to $100.00 and gave the stock a "sell" rating in a report on Wednesday, October 2nd. Finally, Scotiabank reduced their price target on shares of Southern Copper from $54.00 to $52.00 and set a "sector underperform" rating for the company in a report on Tuesday, October 15th. Six equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $90.63.

Hedge Funds Weigh In On Southern Copper

Several hedge funds have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC raised its position in Southern Copper by 34.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 8,228 shares of the basic materials company's stock worth $876,000 after acquiring an additional 2,111 shares in the last quarter. InterOcean Capital Group LLC acquired a new stake in Southern Copper in the 1st quarter valued at about $260,000. Natixis grew its holdings in Southern Copper by 82.6% during the first quarter. Natixis now owns 8,000 shares of the basic materials company's stock worth $852,000 after purchasing an additional 3,619 shares during the period. Advisors Asset Management Inc. increased its position in Southern Copper by 21.7% during the first quarter. Advisors Asset Management Inc. now owns 90,237 shares of the basic materials company's stock worth $9,612,000 after buying an additional 16,111 shares during the last quarter. Finally, Toronto Dominion Bank raised its stake in Southern Copper by 15.2% in the first quarter. Toronto Dominion Bank now owns 5,145 shares of the basic materials company's stock valued at $542,000 after buying an additional 679 shares during the period. Institutional investors own 7.94% of the company's stock.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia's 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia's 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor's degree in business administration from the University of Georgia. Greene's career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

Southern Copper Company Profile

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc, copper, molybdenum, silver, gold, and lead.