Rep. Marjorie Taylor Greene Buys Southern Copper Co. (NYSE:SCCO) Shares

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Southern Copper Co. NYSE: SCCO. In a filing disclosed on January 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Southern Copper stock on January 8th.

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

• Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 1/21/2025.
• Purchased $1,001 - $15,000 in shares of NextEra Energy NYSE: NEE on 1/21/2025.
• Purchased $1,001 - $15,000 in shares of Old Dominion Freight Line NASDAQ: ODFL on 1/21/2025.
• Purchased $1,001 - $15,000 in shares of Palo Alto Networks NASDAQ: PANW on 1/21/2025.
• Purchased $1,001 - $15,000 in shares of Eli Lilly and Company NYSE: LLY on 1/21/2025.
• Purchased $1,001 - $15,000 in shares of Devon Energy NYSE: DVN on 1/21/2025.
• Purchased $1,001 - $15,000 in shares of Advanced Micro Devices NASDAQ: AMD on 1/21/2025.
• Purchased $1,001 - $15,000 in shares of Kinder Morgan NYSE: KMI on 1/21/2025.
• Purchased $1,001 - $15,000 in shares of Norfolk Southern NYSE: NSC on 1/21/2025.
• Purchased $1,001 - $15,000 in shares of Cardinal Health NYSE: CAH on 1/21/2025.

Southern Copper Trading Down 1.0 %

Shares of SCCO traded down $0.96 during mid-day trading on Friday, reaching $91.69. The company had a trading volume of 1,217,091 shares, compared to its average volume of 961,267. The stock has a market cap of $72.02 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 1.79 and a beta of 1.14. The firm has a fifty day simple moving average of $96.39 and a 200-day simple moving average of $102.83. Southern Copper Co. has a fifty-two week low of $77.42 and a fifty-two week high of $129.79. The company has a current ratio of 2.77, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64.

Southern Copper Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Tuesday, February 11th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Monday, February 10th. This is a positive change from Southern Copper's previous quarterly dividend of $0.60. Southern Copper's dividend payout ratio (DPR) is 72.09%.

Analysts Set New Price Targets

SCCO has been the topic of a number of research reports. JPMorgan Chase & Co. raised shares of Southern Copper from an "underweight" rating to a "neutral" rating and set a $92.50 target price on the stock in a research note on Monday, December 2nd. Scotiabank cut their target price on shares of Southern Copper from $54.00 to $52.00 and set a "sector underperform" rating on the stock in a research note on Tuesday, October 15th. Finally, Morgan Stanley raised shares of Southern Copper from an "underweight" rating to an "equal weight" rating and cut their target price for the company from $106.30 to $102.00 in a research note on Thursday, December 12th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $94.81.

Institutional Trading of Southern Copper

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Creative Financial Designs Inc. ADV raised its holdings in shares of Southern Copper by 172.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 223 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 141 shares during the period. McClarren Financial Advisors Inc. grew its position in Southern Copper by 169.2% during the third quarter. McClarren Financial Advisors Inc. now owns 288 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 181 shares in the last quarter. Oakworth Capital Inc. purchased a new position in Southern Copper during the third quarter valued at approximately $42,000. Prospera Private Wealth LLC purchased a new position in Southern Copper during the third quarter valued at approximately $47,000. Finally, Larson Financial Group LLC grew its position in Southern Copper by 578.3% during the third quarter. Larson Financial Group LLC now owns 407 shares of the basic materials company's stock valued at $47,000 after purchasing an additional 347 shares in the last quarter. 7.94% of the stock is currently owned by institutional investors.

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, 2027. 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 2026 election.

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.