Southern Copper director sells $20,000 in stock
Southern Copper Corp. director Luis Miguel Palomino Bonilla sold 100 shares of the company's common stock on September 24, 2026, for a total of $20,000. Post-transaction, Mr. Palomino Bonilla retained 1,503 shares of Southern Copper common stock. The company's shares have risen 82% over the past year, currently trading at $204, though analysts deem the stock overvalued.
Investors can access a Pro Research Report on Southern Copper for further details. The company recently reported second-quarter 2026 earnings that surpassed Wall Street expectations, posting adjusted earnings of $2.01 per share and revenue of $4.29 billion. Southern Copper attributes its strong performance to record sales, improved profitability, and record-breaking projects in Peru and Mexico.
US-listed copper mining companies, including Southern Copper, faced a decline following a drop in copper prices, with benchmark three-month copper at $14,312 per metric ton on the London Metal Exchange.
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