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 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 %

Shares of SCCO stock opened at $99.74 on Friday. Southern Copper Co. has a 12-month low of $70.63 and a 12-month high of $129.79. The company has a market capitalization of $78.35 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 1.04 and a beta of 1.18. The firm has a 50 day moving average price of $110.24 and a two-hundred day moving average price of $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 Dividend Announcement

The business also recently declared a — dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 6th were paid a $0.62 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a yield of 2.1%. Southern Copper’s dividend payout ratio (DPR) is currently 72.09%.

Hedge Funds Weigh In On Southern Copper

Hedge funds have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC raised its holdings in shares of Southern Copper by 34.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 8,228 shares of the basic materials company’s stock worth $876,000 after buying an additional 2,111 shares in the last quarter. InterOcean Capital Group LLC bought a new position in shares of Southern Copper in the first quarter worth about $260,000. Natixis lifted its holdings in shares of Southern Copper by 82.6% in the first quarter. Natixis now owns 8,000 shares of the basic materials company’s stock worth $852,000 after acquiring an additional 3,619 shares during the last quarter. Advisors Asset Management Inc. boosted its stake 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 valued at $9,612,000 after purchasing an additional 16,111 shares in the last quarter. Finally, Toronto Dominion Bank grew its holdings in shares of Southern Copper by 15.2% during the 1st quarter. Toronto Dominion Bank now owns 5,145 shares of the basic materials company’s stock valued at $542,000 after purchasing an additional 679 shares during the last quarter. 7.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Morgan Stanley boosted their price target 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 upped their price target on shares of Southern Copper from $99.44 to $100.00 and gave the company a “sell” rating in a research note on Wednesday, October 2nd. Finally, Scotiabank dropped their price objective on shares of Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating for the company in a research note on Tuesday, October 15th. Six equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently 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.