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

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 Stock Performance

NYSE SCCO opened at $99.74 on Friday. The firm has a market cap of $78.35 billion, a P/E ratio of 25.68, a P/E/G ratio of 1.04 and a beta of 1.18. Southern Copper Co. has a 52-week low of $70.63 and a 52-week high of $129.79. The business’s 50-day moving average price is $110.24 and its 200 day moving average price is $109.04. 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 Announces Dividend

The firm also recently announced a — dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 6th were issued a $0.62 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a dividend yield of 2.1%. Southern Copper’s payout ratio is 72.09%.

Institutional Investors Weigh In On Southern Copper

Hedge funds and other institutional investors have recently bought and sold shares of the business. O Shaughnessy Asset Management LLC increased its stake in Southern Copper by 34.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 8,228 shares of the basic materials company’s stock valued at $876,000 after purchasing an additional 2,111 shares in the last quarter. InterOcean Capital Group LLC purchased a new position in shares of Southern Copper in the first quarter valued at $260,000. Natixis raised its stake in shares of Southern Copper by 82.6% during the 1st quarter. Natixis now owns 8,000 shares of the basic materials company’s stock worth $852,000 after buying an additional 3,619 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Southern Copper by 21.7% in the 1st 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 in the last quarter. Finally, Toronto Dominion Bank grew its stake in Southern Copper by 15.2% in the 1st quarter. Toronto Dominion Bank now owns 5,145 shares of the basic materials company’s stock valued at $542,000 after acquiring an additional 679 shares during the last quarter. Institutional investors and hedge funds own 7.94% of the company’s stock.

Analyst Ratings Changes

SCCO has been the topic of several analyst reports. Morgan Stanley lifted 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. Scotiabank lowered their price objective on shares of Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating on the stock in a research report on Tuesday, October 15th. Finally, Citigroup upped their price objective on shares of Southern Copper from $99.44 to $100.00 and gave the stock a “sell” rating in a research report on Wednesday, October 2nd. Six research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $90.63.

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.