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Southern Copper Corp. ($SCCO) Sees $2M Institutional Buy Amid Mixed Analyst Sentiment
Southern Copper Corp. ($SCCO) Sees $2M Institutional Buy Amid Mixed Analyst Sentiment
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BTCCSquare news:
Moneda S.A. has bolstered its position in Southern Copper Corp. (NYSE: SCCO) with a $2.01 million purchase, elevating the stock to its 12th largest holding. The MOVE follows a strong Q1 performance where SCCO surpassed earnings estimates with $1.19 EPS and $3.12B revenue, while maintaining a 2.98% dividend yield.
Analyst ratings remain divided—three recommend 'sell,' five advise 'hold,' with an average price target of $91. Despite Friday's 1.30% dip to $98.19, SCCO has delivered a robust 128.34% return over three years. Institutional activity intensified in Q1, with Machina Capital doubling its stake and Beacon Investment Advisory increasing holdings by 8.6%.
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