The average one-year price target for Southern Copper (NYSE:SCCO) has been revised to 90.946 / share. This is an increase of 9.00% from the prior estimate of 83.43 dated April 15, 2024.

The price target is an average of many targets provided by analysts. The latest targets range from a low of 66.05 to a high of 142.28 / share. The average price target represents a decrease of 21.03% from the latest reported closing price of 115.17 / share.

What is the Fund Sentiment?

There are 890 funds or institutions reporting positions in Southern Copper. This is an increase of 33 owner(s) or 3.85% in the last quarter. Average portfolio weight of all funds dedicated to SCCO is 0.24%, an increase of 4.27%. Total shares owned by institutions increased in the last three months by 3.56% to 67,431K shares. The put/call ratio of SCCO is 0.77, indicating a bullish outlook.

What are Other Shareholders Doing?

Price T Rowe Associates holds 6,579K shares representing 0.85% ownership of the company. In its prior filing, the firm reported owning 6,787K shares , representing a decrease of 3.16%. The firm increased its portfolio allocation in SCCO by 1.61% over the last quarter.

Fisher Asset Management holds 3,350K shares representing 0.43% ownership of the company. In its prior filing, the firm reported owning 3,311K shares , representing an increase of 1.18%. The firm increased its portfolio allocation in SCCO by 7.85% over the last quarter.

Standard Life Aberdeen holds 3,041K shares representing 0.39% ownership of the company. In its prior filing, the firm reported owning 2,973K shares , representing an increase of 2.23%. The firm increased its portfolio allocation in SCCO by 86.32% over the last quarter.

Mawer Investment Management holds 2,250K shares representing 0.29% ownership of the company. In its prior filing, the firm reported owning 2,606K shares , representing a decrease of 15.83%. The firm decreased its portfolio allocation in SCCO by 5.33% over the last quarter.

Neuberger Berman Group holds 1,690K shares representing 0.22% ownership of the company. In its prior filing, the firm reported owning 571K shares , representing an increase of 66.22%. The firm increased its portfolio allocation in SCCO by 223.91% over the last quarter.

Southern Copper Background Information
(This description is provided by the company.)

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.